What is Meta X Connect (MXC)

1. Project Introduction
Moonchain (formerly MXC) is a decentralized DePIN network focused on the Internet of Things (IoT). It aims to enable secure and efficient data transmission through blockchain technology. Built on Arbitrum and compatible with ZkEVM as a Layer 3 network, Moonchain enhances IoT data security and scalability through its proprietary MXProtocol. The project underwent a major rebrand in 2024, during which it launched a native cross-chain bridge and swap platform, supporting cross-chain transactions for major tokens like ETH. Its native token, $MXC, remains the sole utility token of the network.
Summary:
Moonchain leverages blockchain to power secure, decentralized IoT communication networks. Its 2024 brand upgrade and Layer 3 infrastructure advancements have strengthened its position as a leader in the DePIN sector.
2. Team & Investment Info
Moonchain was founded in 2017 and is headquartered in Berlin. Founder Xin Hu, a core developer, has a background in antenna technology and formerly served as Chief Hardware Engineer at Airfy. Co-founder Aaron Wagener plays a key role in the MXC Foundation and focuses on integrating IoT hardware with blockchain technology to build smart city solutions. He is a graduate of Queensland University of Technology and is dedicated to advancing decentralized connectivity.
Funding:
February 2024: Raised $10M in a funding round led by JDI Global
February 2018: Raised $2M in a Series A round
3. Social Media URLs
X: https://x.com/Moonchain_com
Telegram: https://t.me/Moonchain_official
Reddit: https://reddit.com/r/Moonchain
4. Token Info
Token Symbol: MXC
Total Supply: 2,664,965,800
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x5ca381bbfb58f0092df149bd3d243b08b9a8386e
Token Distribution: Fully unlocked
Team: 20%
Foundation: 20%
Public sale: 60%
5. Related Links
Official Website: https://www.moonchain.com/
GitHub: https://github.com/MXCzkEVM
LinkedIn: https://www.linkedin.com/company/mxc-foundation/
White Paper: https://doc.moonchain.com/