MXC is a utility token, also commonly referred to as an Internet of Things (IoT) token. MXC is creating a global data network that enables wireless devices to connect and communicate more efficiently and over greater distances than the WiFi and Bluetooth methods currently in use. MXProtocol and the interoperable Para-Chain network are designed to help cities, companies and individuals benefit from establishing LPWAN networks and use it to profit/benefit from transmitting and managing data. With MXC Contour Payments, MXC developers have designed an integrated IoT payment solution that enables automated machine-to-machine payments and IoT transactions to occur in seconds.