What Is Measurable Data Token?
Measurable, the YCombinator company is launching a crypto token for a decentralized data exchange ecosystem called MDT (Measurable Data Token). The Singapore based company believes that some of the value that is generated by its user's data should come back to them.
Build as a Utility Token on Ethereum, MDT uses an established, cryptographically secured, blockchain-based data exchange ecosystem. Users will be rewarded with tokens in exchange for their anonymous data points. To make sure that buyers are purchasing valid and valuable data, MDT will use smart contract to manage the transactions which are all traceable on the Ethereum blockchain.
This decentralized exchange ecosystem enforces performance of the deals—buyers are no longer at risk to receive invalid data. Connecting users, data providers, and buyers raises the value of data. MDT can compensate for sharing anonymous data when exchanged, and ensures data buyers and data providers with more secure trading actions.
An early adopter of its system is Measurables app MailTime and newly created Measurable AI. The email messaging app MailTime collects 15+ billion anonymous email data from over 5 Million users. Measurable AI is transforming this data into various consumer insides and that will be greatly interesting to marketing companies or investors.
Measurable Data Token Crowdsale
The foundation of Measurable Data Token just finished its private sale of around $6M from many prominent cryptocurrency investors within only 4 days and is looking to run its Token Distribution Event in the following month. 15% of the overall 100,000,000 MDT have already been sold during pre-sale, token sales make up 35 % and during the Token distribution event 20% MDT can be purchased. Other distributions will be 15% for Early Bird buyers (with a 25% Bonus!) 15% for user growth poo and 48% the MailTime Team.
The company allocates 40% to the development of its new ecosystem as well as 20% computation, 10% admin and 25% for marketing activities and 5% contingency.
Conclusion On Measurable Data Token
The Measurable Data Token ICO is creating a system in which data providers and buyers can securely exchange valid data and in a world where consumer data gets more and more valuable, this seems worth keeping an eye on.