What Is Measurable Data Token (MTD)?
Measurable Data Token (MTD) is built on an Ethereum-based decentralized data exchange platform. The platform allows users to sell their data while maintaining their privacy. MTD is based on the ERC-20 token standard. It is the medium of exchange between users sharing their data and companies accessing it. The Measurable Data Token is also a store of data value. If you care to see the live MTD price, check out the Measurable Data Token price chart above.
MTD aims to solve the big data problem. The protocol uses blockchain technology to create a proper system for rewarding users for their valuable data. Essentially, it comprises of smart contracts running on the Ethereum blockchain. These smart contracts collect and determine the value of users' data. The entire process hides the identity of the user, hence ensuring complete privacy. Smart contracts are created by the community of data providers, buyers, and the MTD platform itself. However, no one has central authority over the protocol, which makes it more transparent and fair for all users.
The Measurable Data Token crypto project also aims to build a large decentralized data value exchange ecosystem for everyone. What does it look like? The first component of this ecosystem is MailTime Email Messenger. This is a messenger solution integrated into email protocols. With this feature, the MTD anonymously aggregates your inbox data, analyzes it, and shares it with data buyers. After that, you receive an eligible e-receipt of your data points, which determine the number of rewards you are eligible for. The data rewards can be claimed weekly.
Another component is Measurable AI. This is a business-oriented platform for analyzing data and providing sophisticated consumer insights. This service supports companies in various industries, from stock exchanges to tech companies. Besides that, the MDT ecosystem offers Measurable Finance (MeFi), which supplies DeFi ecosystems with reliable financial data on-chain, and RewardMe, which rewards users for their purchases.
The Story of Measurable Data Token
The Measurable Data Token crypto project partnered with other crypto companies, such as Litecoin, to establish a non-profit organization in Singapore for the development and promotion of MDT. The foundation was registered in Singapore on October 2, 2017. MDT foundation aims to be an independent and democratic body for an open and decentralized ecosystem. The main function of the foundation is to support MDT ecosystem partners. It also provides the necessary technology for the sustainable development of the platform. The MDT foundation is led by Heatherm Huang. He is the director of MDT and Measurable AI, as well as the co-founder of MailTime.
What Can You Do With the Measurable Data Token?
Measurable Data Token Crypto is the utility token of the MDT ecosystem. It denominates the value of big data, allowing buying and selling of such data. Thus, as mentioned before, MDT mainly acts as a medium of exchange and a store of value.
Just note that the token is quite volatile, with the MDT price likely fluctuating at any market trigger. The token hit a record high on January 10, 2015, with the Measurable Data Token price reaching $0.8583. The lowest performance, however, was recorded on Dember 17, 2018, when the MDT price hit $0.001615. Since then, Measurable Data Token has recovered by almost 1500%.
Measurable Data Token has a total supply of 1 billion MDT. The tokens are strategically distributed to raise funds for the early stage of the development and to further its growth. 15% of the total token supply went to the Seed Sale, while the private sale was allocated 35% of the total token supply. Equity investors, teams, and advisors took 10%, 24%, and 1% of the total token supply, respectively. 15% of the total MDT token supply was set aside for the project’s growth.