- According to a recent report, blockchain infrastructure solution company Chain has successfully acquired Measurable Data Token and ecosystem products for more than $100 million as a result of a payment settlement.
In an announcement on July 24, the blockchain infrastructure solution company confirmed the successful acquisition of Measurable Data Token and ecosystem products. As a result of the agreement, Chain is the native digital token that powers a decentralized data ecosystem. Measurable Data Token‘I (MDT) and blockchain apps RewardMe and MeFi.
The purchase in question was met with interest in the crypto world, and as a result of this move by Chain, Measurable Data Token (MDT) became one of the five most searched words on Google.
This development is quite unique for the crypto world as the result of the purchase will be a token conversion where the MDT token will be converted to the Chain’s native token, XCN.
After this historical development, the cryptocurrency MDT, which increased by 50 percent, skyrocketed to $ 0.051 during the day.
What is Measurable Data Token?
Measurable Data Token (MDT) is a decentralized data ecosystem dedicated to empowering data rewards for individual users while accelerating blockchain adoption through various blockchain innovations.
What is chain?
Chain is a blockchain infrastructure solution company launched in 2014. Alongside MDT, Chain has acquired RewardMe, a cashback app that allows users to automatically receive rewards on digital assets and digital gift cards for their daily purchases.
In the coming months, Chain will launch its newly signed RewardMe program. Chain Reward as the platform’s service token. XCN token will be.
Chain also acquired MeFi, a blockchain oracle that connects capital markets and DeFi. Chain will leverage MeFi functionality to power Chain’s formulated oracle system ChainFi to enable customers to access trustless data.
Users of the ecosystem will be part of Chain
As part of the new acquisition, over 200,000 RewardMe users will now be part of the Chain ecosystem. In addition, more than 30,000 on-chain MDT holders on Ethereum and BNB Chain and tens of thousands of off-chain MDT investors will become XCN holders.
Chain’s CEO, Deepak Thapliyal, said in response to the current acquisition:
“I am thrilled to announce that Chain will acquire MDT and have the opportunity to work with the company’s brilliant team. We look forward to continuing to scale our products and reach new heights.”
After Thapliyal, Heartherm Huang, Director of Measurable Data Token, also expressed his excitement for the new partnership and said:
“We are concerned to see our product transform and merge with Chain’s full suite of services. We believe that joining the Chain ecosystem will help our mission to accelerate blockchain adoption in daily life.”
Briefing on the process, Chain CEO Deepak Thapliyal said the transaction was “complicated and required a lot of counterparty assistance,” adding:
“We will need the help of exchanges to support swapping of off-chain tokens. For on-chain tokens, the process will be much less complex and accessible with a simple smart contract as both are essentially ERC20 tokens.”
As a result of all this, Chain’s acquisition of Measurable Data Token continues to make headlines on many online crypto platforms.
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