Measurable Data Token (MDT)
Measurable Data Token (MDT) is a cryptocurrency token developed on the Ethereum blockchain platform. It was created to incentivize data sharing and reward users for their contributions to the data economy. MDT is used as a means of payment within the Measurable AI network, an ecosystem that seeks to create value from data-driven insights. By participating in this network, users are able to earn rewards using MDT tokens.
The MDT token is an ERC20 compliant utility token with a limited supply of 1 billion tokens. The total supply will be distributed across three pools: 50% allocated for community development initiatives, 20% allocated for liquidity mining rewards, and 30% held by Measurable AI team and advisors as reserves or incentive funds.
The primary use case of MDT lies in its ability to incentivize participants in the Measurable AI network; those who engage by providing data, performing tasks or validating information all receive rewards in MDT tokens. This encourages people to participate more actively in the network’s activities while also increasing overall user engagement within the system itself. In addition, it also provides access to certain resources such as datasets and analytics tools which can be purchased using MDTs earned through participation within the platform’s activities..
In addition to being used within Measurable AI’s own internal ecosystem, individuals can also trade their accumulated MDTs on decentralized exchanges like Uniswap or Kyber Network against other cryptocurrencies like Bitcoin or Ethereum if they wish to do so via these platforms’ smart contracts framework..
Overall, Measurable Data Tokens are designed with one main purpose – enabling people around the world with access and control over their own personal data while creating incentives for them when they share it with others thus helping drive forward innovation at scale .
