In what promises to be an exciting development, the MXC Foundation has taken an essential step towards mainstream adoption with the formal listing of its token $MXC on the German ‘’Deutsche Börse’’ Stock Exchange.
A Significant Milestone for MXC Foundation
$MXC becomes the first German IoT company to be traded through Exchange Traded Notes (ETN). This news follows the heels of the recent record-setting IPO listing of Coinbase on the US Nasdaq, giving it an initial valuation of nearly $100 billion.
This latest move into the traditional financial market will see an MXC offering by Deutsche Börse, a leading international exchange organization and innovative market infrastructure provider that is constantly expanding its presence in the crypto world. With this, investors will be able to take advantage by participating in the performance of $MXC without using unregulated crypto trading platforms.
Following the previous successful listings of $BTC, $ETH, $LTC, $DOT, $SOL, and $TRC on Deutsche Börse and the Frankfurt Stock Exchange. $MXC is preparing to join a portfolio of blue-chip digital offerings aiming to be amongst some of the most trustworthy cryptocurrency tokens on the market, thus reducing significant risks.
MXC Foundation is fast securing its position as an IoT leader across Europe with significant developments in recent months. Its hardware manufacturer MatchX has more quickly than anticipated become a sales giant in its first year of operation, dominating several countries throughout Europe. In addition, MXC has successfully covered the Netherlands with sales and network coverage of its M2 Pro Miner. With the exponential growth of network dominance globally, it is set to strategically enter the European financial markets with the listing on the German Deutsche Börse.
Stephan Kraus, head of the Deutsche Börse ETF segment, signifies,
“With ETNs, there is an increased appeal of cryptocurrency investments for institutional investors, due to taking away the need for setting up the specialized digital infrastructure or using any unregulated crypto platforms.”
MXC Foundation CEO Xin Hu further corroborates this,
“This listing will allow MXC and its supporters to enter into yet another mainstream domain. We are already excited to live in a time where MXC is growing in the data, IoT, mining, and token industries, respectively, and this latest move is yet another feather in our cap.”
What is an ETN?
Exchange-Traded Notes (ETN) have emerged in popularity in recent years and are essentially a type of unsecured debt security that tracks an underlying index of securities. The few top Crypto Indexes include Nasdaq Crypto Index (NCI), S&P Dow Jones Crypto Indexes, and Bloomberg Galaxy Crypto indices (BGCI).
ETNs are traded similarly to bonds on the stock exchanges, tracking a benchmark index but not having coupon payments. MXC’s ETN will act as a bond that investors can trade on exchanges, with earnings based on the difference between buying and selling positions. Investors can also choose for MXC ETN to mature and get returns on the index it tracks based on the underlying assets after taking away the trading fees associated with the trade.
In other words, MXC ETN provides an ideal financial tool for investors to trade or hold for good returns on their capital.
MXC Token Expected to Spike Following Deutsche Börse Listing
With this historic move, the MXC Foundation has indeed become a global brand listing not only on reputable crypto exchanges but also cementing its reputation as one of the most sought-after digital assets in 2021, joining the likes of $ETH, $BTC, and $DOT.
This is yet another offering for supporters of the MXC token, which is already available on Tier 1 Crypto exchanges such as Huobi, gate.io, OKEx, KuCoin, and many more.
MXC Foundation has always been community-driven. The MXProtocol is about network participation and rewarding miners with optimal returns on their investment by creating a fair and decentralized network on LPWAN (Low Power Wide Area Network) technology.
As expected, the MXC community has received the news of the $MXC listing on Deutsche Börse positively. Several top crypto analysts believe the $MXC price is undervalued, and the listing could lead to a surge in the value of the utility token. Long-term holders will continue to benefit with more listings planned in the future.
More Developments Are Expected in Q4 2021
The MXC Foundation is currently undergoing a renaissance heading into the final quarter of 2021. It has already been stated that Q4 will be a significant period in its history, with several products set to be launched.
New features, including Low-power Bitcoin mining, device provisioning, and functional NFTs, are expected to be rolled out in the coming weeks. MXC Foundation will additionally introduce a data payment model and a roll-out of the global data network in the United States.
MXC Foundation is also at the forefront of device provisioning, which it anticipates will significantly impact the IoT industry and make smart cities a reality. MXC has also secured partnerships with top blockchain projects, including VeChain, Huobi, Long Hash, and many more.
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