{"id":64819,"date":"2022-07-24T10:50:39","date_gmt":"2022-07-24T07:50:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64819"},"modified":"2025-09-06T16:31:40","modified_gmt":"2025-09-06T13:31:40","slug":"chain-announces-acquisition-of-measurable-data-token-for-100-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/chain-announces-acquisition-of-measurable-data-token-for-100-million\/","title":{"rendered":"Chain announces acquisition of Measurable Data Token for $100 million"},"content":{"rendered":"<p>Infrastructure company Chain has announced the acquisition of the Measurable Data Token (MDT) project and its ecosystem products for $100 million. Upon completion of the deal, MDT tokens will be converted into the network&#8217;s native asset \u2014 XCN.<\/p>\n<p>Founded in 2014, Chain develops cloud services for building decentralized applications on blockchain technology.<\/p>\n<p>As part of the deal, the company will receive a range of assets, including MDT tokens, the RewardMe app, and the MeFi oracle network, which is geared toward the financial markets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWith this acquisition, MDT will be burned and swapped for XCN. The deal is advantageous for MDT holders. It is expected that they will receive about $0.08 per token,\u201d the press release states.<\/p>\n<\/blockquote>\n<p>Hizem Huang, head of Measurable Data Token, will join Chain as Chief Product Officer. Developers of the project&#8217;s ecosystem applications will also transfer to the company.<\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/chain\">CoinGecko<\/a>, over the last 24 hours the XCN token rose 5.1%. At the time of writing the asset trades near $0.09. MDT&#8217;s price jumped 56%, to $0.051.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"489\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/MDTUSDT_2022-07-24_10-40-54-1024x489.png\" alt=\"\u041a\u043e\u043c\u043f\u0430\u043d\u0438\u044f Chain \u043e\u0431\u044a\u044f\u0432\u0438\u043b\u0430 \u043e \u043f\u043e\u0433\u043b\u043e\u0449\u0435\u043d\u0438\u0438 \u043f\u0440\u043e\u0435\u043a\u0442\u0430 Measurable Data Token \u0437\u0430 $100 \u043c\u043b\u043d\" class=\"wp-image-179773\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/MDTUSDT_2022-07-24_10-40-54-1024x489.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/MDTUSDT_2022-07-24_10-40-54-300x143.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/MDTUSDT_2022-07-24_10-40-54-768x366.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/MDTUSDT_2022-07-24_10-40-54-1536x733.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/MDTUSDT_2022-07-24_10-40-54.png 1834w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly MDT\/USDT chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/experts-divided-on-ma-activity-in-the-crypto-industry-heading-into-year-end\">In Q2 2022, most M&#038;A deals <\/a>were concentrated on NFT and GameFi projects.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Infrastructure company Chain announced the acquisition of the Measurable Data Token (MDT) project and its ecosystem products for $100 million. Upon completion of the deal MDT tokens will be converted into the network&#8217;s native asset \u2014 XCN.<\/p>\n","protected":false},"author":1,"featured_media":64820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1235],"class_list":["post-64819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-mergers-and-acquisitions"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=64819"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64819\/revisions"}],"predecessor-version":[{"id":64821,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64819\/revisions\/64821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/64820"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=64819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=64819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=64819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}