Measurable Data Token is the native token of a platform aimed at providing a Blockchain-based data economy where data providers and data receivers can exchange data securely and anonymously. MyMDT Data Wallet, one of the two services offered by the platform, is an Ethereum-based decentralized application that allows users to share anonymous data points and earn rewards. Measurable AI, on the other hand, is an alternative data provider that transforms anonymous transaction data into consumer insights for financial institutions and companies.
In this article, we will look at topics like “What is MDT coin on Binance, What is MDT token, Where to buy MDT Coin?”
What is MDT Coin?
MDT coin is an ERC-20 token used as a tool for data product access and user reward programs. Since the launch of the MDT project in 2017, the team has been aiming to make MDT the new standard for data sharing.
In addition, MyMDT, offered by the Measurable Data platform, is described as an Ethereum-based dApp that rewards users for sharing anonymous data points and is defined as the user-centric portal in the MDT ecosystem.
Currently, MyMDT supports the following three features:
- Allows users to share anonymous data points in the MDT ecosystem for MDT rewards.
- MDT rewards can be allocated or deposited for users.
- Enables users to earn more rewards by completing certain tasks.
In addition, through the platform, users can directly access their MDTs and easily manage their data with the MyMDT application without extra effort. Users also earn based on the value generated by their data. Therefore, the more value users’ data generates, the more their earnings increase.
On the other hand, the Measurable Data platform also emphasizes its commitment to privacy. It is underscored that personal and identifiable data are never used in any sharing.
MDT Coin Commentary
Looking at MDT token charts, it is observed that users show great interest, yet are cautious about the token. The relatively volatile price graph is interpreted as proof of this.
Furthermore, the platform behind the token is also considered valuable. Hence, interest in the token is expected to increase over time.
Measurable Data Token Price
Before moving on to “Where to buy MDT Coin?”, it would be beneficial to look at the current prices.
At the time of preparing this article for publication, MDT coin is trading at $0.0127 according to CoinMarketCap, ranking 538th in market value with a trading volume of $8,370,478. It is also worth mentioning that the MDT token hit a record high of $0.8582 on January 10, 2018, after hitting a low of $0.0016 on December 17, 2018.
In addition, there are currently 657,790,346 MDT tokens in the market, and the number of tokens is planned to reach 1,000,000,000 MDT.
How to Buy MDT Coin?
You can safely purchase MDT coin through Binance, the world’s leading cryptocurrency trading platform in terms of trading volume.
