Measurable Data Token (MDT): Decentralizing Data Exchanges

Data is an invaluable commodity, but those who generate the data haven’t been able to profit accordingly, while others are making money collecting and selling information to data buyers. Until recently, an individual’s ability to gather and sell personal data in exchange for compensation has been limited. Now, however, Measurable Data Token is changing the game.

Key Takeaways:

• Measurable Data Token is a decentralized data exchange that collects, anonymizes and pays data contributors through one ecosystem.
• Measurable Data Token’s ecosystem benefits both individuals and businesses who can access the data that’s been willingly provided.
• Bybit now offers the MDTUSDT Perpetual Contract for trading.

What Is Measurable Data Token?

Measurable Data Token is a decentralized data exchange that collects, anonymizes and pays data contributors through one ecosystem. This opt-in platform benefits both individuals and businesses who can access the data that’s been willingly provided.

Anyone willing to profit from the sale of their data can do so through Measurable Data Token. After opting in, their data is collected and made private through the Measurable Data Token ecosystem before being sold to data buyers. Companies generally mine data in order to maintain a competitive edge, understand their customers and make intelligent business decisions. MDT’s ecosystem makes it faster and easier for businesses to access data in a non-invasive, ethical manner.

History of Measurable Data Token

Measurable Data Token stands apart in the blockchain world, as it transforms transaction data in a manner that benefits contributors and buyers. Measurable Data Token currently has two distinct products: Data Provider and MDT Wallet. Launched in 2019, Data Provider is an AI-based data analytic feature. Also available since 2019, MDT Wallet enables the platform’s users to receive rewards for sharing their data.

What Does Measurable Data Token Aim to Achieve?

The developers behind the MDT ecosystem have one core mission: to create a data exchange that benefits both data providers and buyers. Whether a business buys data or collects it through its own channels, it can be used for insights, product development and advertising. 

However, some individuals have opted out of terms of service, decided not to do business with specific companies or disabled cookies to further prevent data collection. Measurable Data Token is presented as a way for individuals to control what data is shared, anonymize their data for personal security and profit from it. The developers of Measurable Data Token believe that the exchange serves as an essential starting point for data exchange, but it may eventually be replaced by a more sophisticated system as technology evolves.

How Does Measurable Data Token Work?

While the market sentiment toward data collection and its impact on privacy is poor, Measurable Data Token is actively making a positive change in this important area. As a valuable commodity, data is an untapped resource for individuals to control and profit from, and Measurable Data Token collects and transforms data on the user’s terms. Moreover, it rewards users for their contributions.

For Individuals

The core features of MDT’s ecosystem benefit individuals as well as businesses. Individuals must opt in to participate and start collecting rewards for sharing their data as a first step. The data is anonymized before being aggregated and sold to businesses as usable big data. Measurable Data Token uses smart contracts to ensure that users receive compensation for their contributed data. Rather than earning a reward for a one-time contribution, users can continue earning rewards as they provide additional data.

For Businesses

Currently, Measurable Data Token collects data from around the world from more than 20 billion points. Data buyers can adjust the AI-generated data that they receive through a data panel to suit their needs. While smart contracts make the users’ data anonymous, businesses can benefit from traceable data. Because the data is collected in real time, businesses always have access to updated data to make well-informed decisions.

Features of Measurable Data Token

Measurable Data Token offers a feature-rich ecosystem that continues to evolve today, enhancing functionality and benefits for both businesses and individuals. Let’s take a look at some of these features.

MailTime AI

The MailTime Email Messenger is an AI-based app that’s used to collect data from the email of users who have opted to participate. Specifically, it collects email receipt data, which it then anonymizes through smart contracts and analyzes.

Measurable AI

Measurable AI works by scanning users’ online receipts in real time. This is an alternative data provider that then transforms transaction data so that it’s optimally useful for businesses. Serving financial institutions as well as a wide range of businesses in various niches, this feature provides them all with crucial insights.

Measurable Research

Once data is collected via Measurable Data Token’s AI technology, it’s aggregated into big data that’s useful for businesses. Each business user has their own data panel, through which data analysis can be controlled so that the data is useful for their particular needs. Because the data is collected and aggregated in real time, businesses can fully optimize the power of that data.

MeFi

MeFi, or Measurable Finance, is specifically designed for the decentralized finance (DeFi) industry. This blockchain oracle distributes financial data collected off-chain to public blockchains. By doing so, accurate financial data becomes available on-chain.

RewardMe

Data providers using Measurable Data Token continue to receive rewards through the ecosystem as long as they contribute new data. The RewardMe app allows users to monitor their rewards from all of the individual sources in real time. It specifically keeps users informed of the financial value of their data in MDT token valuation.

Measurable Data Token Road Map

The developers of Measure Data Token haven’t yet released a detailed road map for the continued development of this data exchange ecosystem. However, some of the key milestones they’ve recently achieved include the launch of the RewardMe app and MeFi. In addition, its Measurable AI analytics feature now collects data from millions of users in 22 countries, and this number is growing. No timeline has been provided for the retail data product, which is currently in development.

MDT Tokenomics

The native token of Measurable Data Token, MDT, is used as the basis for the exchange’s rewards mechanism. 

The initial MDT token distribution was 500 million tokens out of a total circulating supply of 1 billion (see p. 27 of Measurable Data Token’s white paper). This allocation of the circulating supply was distributed as 240 million tokens to MailTime Email Messenger, 110 million to early investors and advisors, 150 million to the user growth pool, 150 million for the presale and 350 million for the token distribution event. 

The budget allocation (see p. 28 of Measurable Data Token’s white paper) includes 40% for the MDT team, 20% for computation, 10% for administration, 25% for marketing and 5% for a contingency fund.

MDT Price Prediction

As of Jul 12, 2023, the current price of MDT is $0.050187, which reflects a decrease of 2.1% over the last 24 hours. The 24-hour trading volume is just over $4 million, an increase of 5.8%. MDT’s market capitalization is approximately $30 million, with the highest price paid per token being $0.168053.

Looking further ahead, AMBCrypto predicts that MDT’s price will trend upward over the next decade. At the end of 2023, the price could hit $0.14, and it’s expected to surpass the token’s ATH to reach $0.24 by the end of 2025. In 2027, the price may hit $0.43, before increasing to $0.99 by 2030. 

The growth in MDT’s price is supported by the forecast of PricePrediction, whose experts believe that MDT will reach $0.076 by the end of 2023 and increase to $0.17 in 2025, $0.36 in 2027 and $1 in 2030.

The crypto market is volatile, however, so there’s considerable speculation in price prediction. Therefore, always do your own research before choosing to invest.

Where to Buy Measurable Data Token (MDT)

MDT can be earned through the exchange’s RewardMe app, and can be purchased on Bybit. Bybit now offers MDTUSDT Perpetual Contracts. To get started with trading, first establish a Bybit account, and then fund it with cryptocurrency before navigating to the MDTUSDT Perpetual Contracts trading page. 

Is MDT a Good Investment?

The market sentiment for user control over personal data is strong, and Measurable Data Token puts this control in users’ hands in a simplified way. More than that, it allows individuals to profit from their data. Measurable Data Token has also been serving financial institutions and businesses, and this may expand with the current development of a retail application. 

However, before you buy MDT or hold your tokens for potential gain in the crypto market, it’s important to look at the current and future utility of the exchange, as well as the projected MDT price increase in the years ahead. Industry sources anticipate that the price of MDT will slowly increase over the next decade. However, the cryptocurrency market is highly volatile, so any investments should be made with caution. In addition, any new regulations for big data or cryptocurrencies could impact the future price of MDT.

Closing Thoughts

Measurable Data Token is transforming the way individuals and businesses exchange data. Currently with millions of users across 22 countries, this is a data exchange that’s already well-received. It continues to develop and grow, and is a platform to continue watching.

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