Monthly Recap

Monthly Recap: July 2022

Things are Heating up at Chain this Summer

Monthly Recap: July 2022
  • Chain Acquires Measurable Data Platform in $100 Million Deal
  • Chain Announces Strategic Collaboration with Chainlink
  • Chain CEO Makes $100K Donation via @TheGivingBlock

Chain Announces its Acquisition of Measurable Data Platform [MDT]

Chain recently announced a merger-and-acquisition deal worth over $100 million with the Measurable Data Platform. Chain will be acquiring a number of assets, including MDT, cash-back application RewardMe, and financial data protocol MeFi. The Hong-Kong based company empowers individual users to collect rewards for sharing data. Along with the various products that will be integrated into the Chain ecosystem, MDT Director Heatherm Huang has been invited to join Chain as a Chief Product Officer, along with his team of talented professionals.

The fact that this transaction will involve a token conversion from MDT into Chain’s native token XCN, distinguishes it from previous acquisitions in the space.

With this acquisition, the Measurable Data Token (MDT) will be burned and swapped for XCN tokens. MDT token holders will benefit from the swap and should receive a $0.09 MDT token value for the swap, which currently sits at $0.032 as of July 27th, 2022.

Chain Governance Users May Now Use Chainlink to calculate the value of their XCN to USD

Earlier this month, Chain announced that their governance users can now use Chainlink to calculate the value of their XCN to USD in real time. The Chain Protocol has integrated Chainlink Price Feeds on the Ethereum Mainnet. Users on the Chain Ecosystem now have access to high-quality and immutable price feeds to calculate the USD value of staking rewards in XCN, thanks to the integration of the industry-leading decentralized oracle network.

Chain’s CEO, Deepak Thapliyal, Makes Generous Donation to Chattanooga Food Bank

Deepak Thapliyal is well-known for his humanitarian efforts both on and off the internet. He recently donated $100,000 through the organization, The Giving Block. The Giving Block uses cryptocurrency to support non-profit organizations working to improve the quality of life in underserved communities. Thapliyal is a community advocate, and his contribution will benefit the Chattanooga Area Food Bank.

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