MMX (Magic Miner Xmodem) is a premier distributed cloud storage platform for the Blockchain 3.0 era, dedicated to breaking the oligopoly of traditional centralized data storage and ushering in a new era of the sharing economy. Born for data storage, MMX strives to build a censorship-resistant, surveillance-proof, and always-on distributed cloud storage service platform by activating trillions of dollars worth of idle devices. On the basis of PoC, MMX optimizes and proposes the MMX consensus mechanism, constructs the MMX public chain, realizes MMX Cloud, and forms an all-encompassing ecosystem including MMX cloud storage, MMX cloud mining pool, MMX finance, MMX information transmission, MMX gaming platform, MMX online mall, MMX omnibus asset terminal wallet, and more, ultimately forming a closed-loop ecosystem of MMX. Through its massive community team and miner system, MMX endows each aspect with the characteristic of data privacy protection, ensuring the privacy and security of users independently.
The MMX Token will adopt a hybrid "PoC + PoS" consensus mechanism, allowing users to mine directly through hard drives or participate through proof-of-stake methods. In MMXs incentive design, there are mainly two ways to participate in mainnet maintenance and earn rewards. The first is becoming a delegate node, which requires providing a server and having certain technical capabilities; the second is delegating stakes, where users can entrust their Tokens to delegate nodes to earn profits. MMX also adopts an optimized PoC consensus mining mechanism, lowering the threshold for mining, changing the situation where traditional mining machines are monopolized, have high costs, consume much electricity, produce loud noise, and professional mining farms tend towards centralization, making it impossible for ordinary people to participate. All users can participate freely, expanding user participation indirectly while being convenient.