MDT crypto rises: What is Measurable Data Token ecosystem?

Highlights

• For crypto enthusiasts, choices are many, but crypto verse remains an uncertain territory
• Measurable Data Token claims to work in data sharing space, besides having an email service
• MDT crypto has gained recently, with trading volume up more than 900 per cent

Do you know how many crypto assets exist globally? The figure can change any minute with the launch of a new asset, but for reference purposes, CoinMarketCap tracks more than 19,000 cryptos.

Though many experts have warned enthusiasts against volatility, the crypto verse’s total market cap as of writing was over US$1.9 trillion, which does not include other digital assets like non-fungible tokens (NFTs). Out of these tens of thousands of cryptocurrencies, some fall under the meme tokens segment, which does not have any properly defined use case. On the other hand, some tokens convince backers about their real-world utility.

One such project is Measurable Data Token, which claims utility for both individuals and businesses.

What is Measurable Data cryptocurrency?

The project claims it addresses the need of individuals with respect to data monetization. The primary offering of the project is an app called RewardMe, which is said to be rewarding users for sharing their data. Data privacy is highlighted as one of the key aspects.

Measurable Data project further claims to anonymize the data before it is shared with other stakeholders. The RewardMe app is said to be available on both Google Play and Apple’s App Store. The project has another product, MeFi, which it says belongs to the decentralized finance segment of the crypto verse. MailTime, an email service, is also a part of the Measurable Data ecosystem.

Also read: What's happening with Shiba Inu? What is the '$1/SHIB token' discussion?

The utility seems to be in the data sharing space where the MDT claims to reward users for contribution, while also letting businesses tap into this data for useful insights.

What is Measurable Data Token or MDT?

MDT token of the project uses the Ethereum network. It is said to be a link between users, data buyers and other stakeholders within the Measurable Data ecosystem. The official website says MDT is listed on multiple exchanges including Binance, OKX, and Coinbase.

CoinMarketCap data suggests that MDT can have a total supply of 1 billion tokens, and over 676 million MDT tokens are in circulation.

Also read: QNT crypto rises: What are Quant’s ‘Overledger’ and MLT services?

What is MDT token's price?

As of writing, MDT token’s market cap was nearly US$38 million, which could not rank it among the top 100 or top 500 crypto assets. That said, the trading volume had gained over 900 per cent in the past 24 hours, and MDT price was also up almost 5 per cent.

MDT token price performance has not been very impressive this year. It traded at over US$0.13 on the first day of 2022, but then dipped to nearly US$0.05 by late January. Since then, MDT price has shown volatility. The price as of writing was nearly US$0.056. Measurable Data Token price prediction cannot be made accurately.

Data provided by CoinMarketCap.com

Bottom line

Measurable Data Token is targeting data sharing and monetization using blockchain. MDT token price has gained of late, but it is uncertain how it performs in the longer run.

Also read: JasmyCoin rises: What are Jasmy’s IoT Services?

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