MXC Foundation
Financials
Estimates*
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | <1m | 1.3m | 1.3m | 1.7m | 1.7m | 1.7m |
| % growth | - | 380 % | - | 37 % | - | - |
| Profit | <1m | (<1m) | (<1m) | - | - | - |
| % profit margin | 29 % | (10 %) | (7 %) | - | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| N/A | AUD35.0m | Seed | |
* | N/A | Seed | |
N/A | Seed | ||
* | $10.0m | Seed | |
| Total Funding | $32.6m | ||
Related Content
Recent News about MXC Foundation
EditMXC Foundation operates one of the world's largest decentralized IoT (Internet of Things) networks, leveraging blockchain technology to create a crowdsourced infrastructure. The company serves a diverse range of clients, including individual crypto miners, IoT device operators, and blockchain enthusiasts. Operating primarily in the IoT and blockchain markets, MXC Foundation's business model revolves around the MXProtocol, which allows users to set up LPWAN (Low Power Wide Area Network) Crypto Miners and earn MXC tokens. These tokens are ERC-20 utility tokens used for device transactions within the MXProtocol. The company also offers the MXC Metaverse, which bridges real-world assets to Web3 infrastructure, and the AXS App, a customizable Web3 wallet. Revenue is generated through token transactions, mining activities, and partnerships within the Arbitrum L3 ecosystem.
Keywords: Decentralized, IoT, Blockchain, Crypto Mining, MXC Tokens, LPWAN, ERC-20, Web3 Wallet, Metaverse, Arbitrum L3.
