AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Measurable Data Token (MDT) token started trading on Coinbase, Coinbase Pro on Dec 9.
- The Ethereum-based token allows anonymous data sharing, helps monetize the activity.
- The Measurable Data Token (MDT) rose 326.2% in one year.
The Ethereum-based Measurable Data Token (MDT) is gaining renewed attention from investors after it began trading on Coinbase and Coinbase Pro platforms on Thursday.
The MDT token rose 326.2% in one year. The token hit an all-time high of US$0.146561 on Thursday, but it was down 9.5% in the trailing 24 hours to 8:33 am ET on Friday.
Its all-time low was US$0.00173261, recorded on Dec 18, 2018, according to coingecko.com.
After its debut on the platforms Thursday, Coinbase said customers can now buy, sell, send, receive, and store MDTs with a mix of other Ethereum tokens and altcoins.
Also Read: 10 US-listed Chinese stocks to explore in 2022
What is MDT?
MDT is an Ethereum token that allows anonymous data sharing and help monetize the activity.
The Measurable Data Token has a RewardMe app, a consumer-oriented product that rewards users for contributing data while maintaining anonymity.
The app users get rewards for purchasing on different platforms. According to MDT, the user data is “anonymized and aggregated” before exchanging the information as big data. The users also get rewards for their contribution while platform creates blockchain smart contracts.
Also Read: Will these five travel stocks weather the Covid-19 threat in 2022?
Data Source – Coingecko.com.
Also Read: Top growth stocks that gave over 200% return
How does RewardMe program work?
RewardMe is different from other reward programs because users can earn incentives on eligible purchases on other platforms. It provides a continuous, sustainable reward ecosystem.
After Thursday’s listing on Coinbase, the Measurable Data Token (MDT) declined. It traded at US$0.08371 at 7:16 am ET on Friday. MDT’s current market capitalization is US$56,456,208. Its trading volume in the trailing 24-hour period was US$134,025,987, up 39.76%. MDT’s circulating supply is 676.15 million, and the maximum supply is 1,000 million MDT.
The token hit an all-time high of US$0.146561 on Thursday, Dec 10, 2021. Its all-time low was US$0.00173261, registered on Dec 18, 2018, according to coingecko.com.
Also Read: Top cryptocurrencies that led conversations on Reddit in 2021
Where can you buy MDT?
The coin is currently available at Binance, OKEx, Gate.io, Mandala Exchange, Coinbase and Coinbase Pro. The MDT project was launched in 2017 to provide a blockchain-based secure data economy in which patrons are rewarded for data sharing.
Also Read: 5 healthcare stocks that rose more than 80% YTD
Bottomline
When exposed to various market forces and sentiments, the crypto market can become volatile. The Omicron concerns have once again laid bare its volatile nature. Therefore, investors must carefully analyze the overall crypto market before investing in digital assets.
