Machine Xchange Coin (MXC) is a utility token used within the blockchain-based platform created by the MXC Foundation, focused on the development of the Internet of Things (IoT) ecosystem. It serves as a means of payment for IoT-related services and transactions and as a reward for network contributors. The platform uses Proof of Participation (PoP) to incentivize users to contribute to the network and distribute rewards through the MXC token. MXC aims to improve the efficiency, security, and sustainability of IoT ecosystems by enabling seamless communication and data exchange between devices and networks.