Measurable Data Token is a decentralized data exchange ecosystem that allows users to buy and sell data. MDT connects data providers, users, and buyers on a single platform to enable a more efficient, transparent, and honest market for trading data.
This article will take a closer look at the Measurable Data Token to understand what it is and how it works. We shall also explore its native MDT token, understand its use cases within the data ecosystem, predict its future price, and list exchanges where it can be traded, before determining whether it is a credible cryptocurrency investment.
So, let’s get started.
What is the Measurable Data Token?
Measurable Data Token is a decentralized exchange that facilitates the buying and selling of data. The protocol automates the process of trading data using smart contracts, which ensures a faster and safer data distribution experience.
The protocol allows users to offer their data without having to reveal their true identity. This makes data monetization safer for the provider. Those who sell their data on the Measurable Data network are rewarded with MDT tokens.
Measurable Data Token connects data providers, users, and data buyers to a decentralized and transparent data exchange economy. MDT denominates the value of data being exchanged with the help of all stakeholders.
How Does Measurable Data Token Work?
Measurable Data Token brings AI, big data, and blockchain together under a single ecosystem. The protocol writes a smart contract for every data provider.
This is to make sure that the data exchange and the fee paid to the contributor are fair and transparent. The data received by the Measurable Data network is kept anonymous to ensure the user’s privacy.
The first component of this decentralized network is the Open Messenger, which is a messenger solution on an email protocol that connects all MDT users. The decentralized application (DApp) is said to be the first service to adopt the MDT ecosystem and utilize it as a payment system to reward all parties involved.
MeFi is a decentralized blockchain oracle on MDT that fetches data feeds. It records valuable financial data from reliable sources and aggregates all of them for the smooth functioning of decentralized finance applications.
Then there is the RewardMe ecosystem that rewards users for the data they provide. Under the program are brands and merchants who are in search of specific types of data.
The user who provides the data by uploading it on the RewardMe app can earn free ME tokens. RewardMe can be downloaded from the App Store and Google Play Store.
What is the Measurable Data Token (MDT)?
MDT is the native utility and governance cryptocurrency of the Measurable Data network. The token has several use cases on the platform, such as facilitating transactions between buyers and sellers, denominating the value of data, compensating data providers, and data buyers utilizing it to acquire the insights they need.
MDT holders also gain the right to vote on governance proposals for the network’s growth and development.
MDT has a total supply of 1 billion tokens with a market capitalization of $35.82 million. Currently, there are 676.15 million MDT in circulation that have attained a 24-hour trading volume of $32.81 million.
Measurable Data Token (MDT) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, MDT is trading at $0.05297 – up 9.61% over the last 24 hours. Based on its current market value, we have projected the minimum, maximum, and average rates at which the token could change hands between 2024 and 2030.
Please note that the numbers given below are purely speculative and could change depending on the MDT token’s market performance.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
|---|---|---|---|
| 2024 | $0.0469 | $0.11 | $0.12 |
| 2025 | $0.11 | $0.13 | $0.14 |
| 2026 | $0.16 | $0.18 | $0.19 |
| 2027 | $0.20 | $0.24 | $0.24 |
| 2028 | $0.25 | $0.28 | $0.29 |
| 2029 | $0.36 | $0.38 | $0.39 |
| 2030 | $0.51 | $0.53 | $0.55 |
Where Can You Buy MDT Tokens?
Measurable Data Token (MDT) can be purchased and traded on the following cryptocurrency exchanges:
- Binance
- Coinbase
- OKX
- Gate.io
- Bitget
- Crypto.com
- BingX
- BitMart
- Tokocrypto
Is Measurable Data Token (MDT) a Credible Cryptocurrency Investment?
Measurable Data Token is a blockchain-based ecosystem that seeks to revolutionize the way data is exchanged by connecting users, data providers, and data buyers in a decentralized manner. The platform provides individuals and businesses with the ability to have complete control over their data while offering them a mechanism to monetize this data securely and transparently.
Its consumer-facing applications – RewardMe and MeFi – incentivize users by rewarding them for sharing their data. This approach not only empowers users by compensating them for their contribution but also encourages the sharing of high-quality data.
All things considered, I would recommend the Measurable Data Token as a credible long-term cryptocurrency investment due to the importance data has in today’s world.
As with every cryptocurrency, MDT is also prone to the extreme dynamics of the crypto market. Therefore, you must thoroughly research the Measurable Data Token project and fully understand its benefits and risks before making any investment decision.
Read more: District0x (DNT): Price Prediction 2024-2030, Where To Buy, Is It A Good Cryptocurrency Investment?
