Measurable Data Token price
MDT
MDT

Measurable Data Token price

$0.042143
-$0.00019
(-0.45%)
Price change from 00:00 UTC until now
USDUSD
USD
1h
24h
1W
1M
1Y
All

Measurable Data Token market information

Market cap
$25.51M
Circulating supply
606,319,736 MDT
Market cap ranking
246
24h high
$0.043693
24h low
$0.041953
All-time high
$0.56999

Measurable Data Token price performance in USD

The current price of Measurable Data Token is $0.042143. Since 00:00 UTC, Measurable Data Token has decreased by -0.45%. It currently has a circulating supply of 606,319,736 MDT and a maximum supply of 1,000,000,000 MDT, giving it a fully diluted market cap of $25.51M. At present, Measurable Data Token holds the 246 position in market cap rankings. The Measurable Data Token/USD price is updated in real-time.
Today
-$0.00019
-0.45%
7 days
-$0.00462
-9.88%
30 days
-$0.00797
-15.90%
3 months
-$0.03658
-46.47%

About Measurable Data Token (MDT)

3.6/5
Certik
3.4
07/24/2024
CyberScope
3.7
07/24/2024
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Measurable Data Token (MDT) is a project that aims to create a data economy thats allows users to share, exchange, and monetize insights for incentives. As a decentralized data economy, Measurable Data Token focuses on making data trading more ethical, consent-driven, and transparent. The unique trading ecosystem leverages blockchain technology to connect data sellers and buyers within an immutable ecosystem.

What is Measurable Data Token

Measurable Data Token is an Ethereum-based project that aims to help users get the right compensation for data they share with buyers. It focuses on cutting out corporations that leverage user data for gains. The project aims to change the status quo by restoring the power in users’ hands.

Data-sharing is rewarded using MDT tokens, a move that promotes fairer distribution and furthers the value of the native token.

The Measurable Data Token team

Heatherm Huang, co-founder of MailTime, ideated the Measurable Data Token project. Huang also created the Measurable Foundation, a firm responsible for MDT’s maintenance. Apart from him, the Measurable Data Token team also boasts numerous blockchain and data mining experts, including Software Engineer Wing Chan, Senior Software Engineer Matt Lung, and more.

How does Measurable Data Token work

Measurable Data Token hinges on transparency. Data buyers place tamper-proof requests over the blockchain. Data providers invoke specific data points from their repositories, much like data wallets, using their public key and send them to buyers. Buyers only have access to the data the seller wants to share.

Ecosystem-specific smart contracts handle the conditions specified for all data-related transactions. The smart contract details include data dimensions, the user's public key, reward percentage, and more. Payment for the data goes through only when the smart contract conditions are met and rewards are released as per the code.

Measurable Data Token’s native token: MDT

MDT is the native token of the Measurable Data Token ecosystem. MDT is an ERC-20 token compatible with most cold and hot wallets. The tokens have a supply cap of 1 billion, allocated as incentives and rewards. As there is a hard cap on the supply, the token economics model is expected to go from disinflationary to deflationary, as it is common for some tokens to get lost across wallets.

MDT use cases

MDT is a critical component of the Measurable Data Token ecosystem. Its main use case is to reward users for data sharing, essentially functioning as a form of payment. For instance, MDT tokens incentivize users who sell their data to gaming and other businesses to help them with market analysis.

In addition, MDT tokens have a few other use cases, including the ability to facilitate data transactions within the ecosystem, a role in platform governance, and the ability to earn staking rewards by offering MDT-based liquidity.

MDT distribution

MDT tokens are distributed as follows:

  • 24 percent to the MailTime team
  • 11 percent to advisors and early investors
  • 15 percent to the growth pool
  • 35 percent to token distribution events like airdrops
  • 15 percent for the pre-sale

Measurable Data Token (MDT) and the future of the blockchain-driven economy

Data markets are crucial because they allow users to connect with businesses, helping them better understand the markets. But the modern-day process is heavily centralized. Measurable Data Token aims to change all that by offering a decentralized data market that is innovative enough to transform into a new economy.

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MDT FAQ

What is Measurable Data Token?

Measurable Data Token is a decentralized, blockchain-powered data market that deals with anonymous data and ensures privacy. It connects buyers and sellers in an immutable and tamper-proof fashion powered by smart contracts and its native MDT token.

What are the benefits of Measurable Data Token?

Measurable Data Token allows businesses to connect anonymously with data sellers, letting them offer what they can for the right price. The ecosystem has a mobile-based app in RewardMe, allowing seamless user onboarding. 

Where can I buy MDT?

Easily buy MDT tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal offers the MDT/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for MDT with zero fees and no price slippage by using OKX Convert.

How much is Measurable Data Token worth today?
Currently, one Measurable Data Token is worth $0.042143. For answers and insight into Measurable Data Token's price action, you're in the right place. Explore the latest Measurable Data Token charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Measurable Data Token, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Measurable Data Token have been created as well.