Before trading any crypto assets it is important to understand the risks. This overview summarizes certain risks associated with MDT.
No securities regulatory authority has expressed an opinion about MDT, including an opinion that MDT itself is not a security and/or derivative.
Token Description & Project Background
Measurable Data Token is a decentralized data exchange ecosystem that allows users to monetize and control their own data, while providing data buyers an efficient data trading platform.
MDT is an ERC-20 token that powers the ecosystem and is used to complete all transactions within the network. MDT is also used to reward those engaging with the network.
The system runs on micropayments, meant to accrue over time. To solve the potential issue of micropayment and delay in transaction confirmation times, Measurable Data token introduced a reward deposit pool where it stores users’ micro-rewards until the quantity reaches an appropriate threshold to be sent to the user.
The roots of this project trace back to 2011 with the creation of Talkbox, a voice messenger app that eventually led to MailTime, an email simplification app launched in 2015. The MDT project's Singapore-based foundation, as well as its native token, were launched in 2017.
Heartherm Huang, a co-founder of MailTime, is the director of MDT.
Risks of MDT
Like an investment in other crypto assets, there are some general risks to investing in MDT. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to thestatement.
In addition to these general risks, an investment in MDT is subject to the following specific risks:
- Several competitors have entered the data collection optimization space since MDT’s launch in 2017. Any potential success associated with MDT is reliant on Measurable Data Token’s rate of adoption.
We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with MDT. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.
The MDT community and founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of MDT have no recourse to the MDT community, MDT founding team, or Uphold if MDT declines in value for any reason.
Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.
Uphold’s Evaluation Process
Prior to listing MDT on the Uphold Platform, Uphold performed due diligence on MDT and determined that MDT is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following:
- The creation, governance, usage, and design of MDT, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community.
- The supply, demand, maturity, utility, and liquidity of MDT.
- Any marketing materials put forward by the MDT social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
- Material technical risks associated with MDT, including any code defects, security breaches and other threats concerning MDT and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
- Legal and regulatory risks associated with MDT, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of MDT.
Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.
Uphold users should read thestatement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.
Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following. Please also review the for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and statement.
Last updated on June 14, 2023.
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