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About Measurable Data Token (MDT)
What is a Measurable Data Token (MDT)?
MDT is a data exchange economy that operates in a decentralized manner on the Ethereum blockchain. It is based on the standard ERC20 token and serves as a valuable mechanism for utility in the MDT ecosystem. The token is used to denominate the value of big data and facilitate the economy within the ecosystem.
How does Measurable Data Token (MDT) Work?
In this digital age, big data has become the new oil, yet many contributors are unaware of its true value. Service providers and product vendors collect and store user data without disclosing its worth, while users trade their valuable data for free apps or services. Fortunately, a decentralized and mutually beneficial ecosystem has emerged to put an end to such exploitation. MDT is a blockchain-based distributed computing network that provides a fair and efficient platform for data trading. Data providers, buyers, and the MDT platform work together to determine the data's value and enable a transparent and honest trading model. With a suite of products, MDT envisions a decentralized “data value exchange economy” for everyone in the digital world.
What is the MDT Token?
MDT is a utility token that only holds value within the MDT ecosystem. It does not provide any ownership or revenue rights. Data providers offer "data points" on the MDT platform, and upon submission of a request, a smart contract is created and activated upon payment. Upon acceptance, the Measurable platform, user, and data provider are rewarded with MDT. MDT offers various services, including MailTime Email Messenger, Measurable AI, Measurable Finance (MeFi), and RewardMe. These products offer payment and analytical solutions, financial data, and reward incentives for users.
How Can You Earn MDT?
As a user of the platform, you have the opportunity to earn MDT as a reward for contributing your data. The value of your contribution is realized through various applications that utilize your data, and users are rewarded with fees charged to data buyers.
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