SINGAPORE, 6 th September 2019 – Mogu, an Asia Pacific based technology firm that is currently scaling microcloud infrastructure consisting entirely of its deployed household smart routers, celebrated the listing of the Mogu Token (MOGX) on CoinTiger, a market leading multi-cryptocurrency exchange yesterday, 5th September 2019.
The details of its listing are as follows:
MOGX/USDT trading pair has been made available from 5 th September 2019 (Thursday) 16:00 (GMT+8).
Project Name: Mogu
Token Name: MOGX
Token Type: ERC-20 Token
Official Website: https://mogutech.io/
Total Supply: 1,000,000,000 MOGX
Etherscan: https://etherscan.io/token/0xbdec45952b5e234eddc2981b43eed360826d5087
Mogu Token (MOGX) is a digital medium of exchange for the Mogu ecosystem, that is an enhanced version and tokenization of the previous ‘Mogu Points’.
The Mogu Ecosystem ensures the liquidity, stability and demand for MOGX. Effectively, the ecosystem consists of Mogu Smart Router users who opt-in (become a node) and share their storage and/or idle computing power to form Mogu’s hybrid edge cloud, a distributed server infrastructure at scale. This means more efficient serving power than a centralized server, with the ability to perform microservices and endemically support distributed technologies and architectures, including blockchain. These microservices are paid for in MOGX and the nodes are rewarded in the form of MOGX corresponding to tasks performed; all as a powerful incentive to scaling the infrastructure.
MOGX unlocks access to the unique advantages of the Mogu DSN in supporting distributed architectures. Utilising the microcloud infrastructure for such use cases as: blockchain node support (each router becomes a node), mesh functionality, decentralised storage, dVPNs and of course accessing the ever-increasing data lake.
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As a managed microcloud services provider, Mogu already operates an XaaS (EverythingAs-A-Service) model. As the DSN grows, so too does the demand for MOGX as the medium of exchange for the vast array of services on offer. Currently, Mogu’s ‘Acceleration-as-aService’ is increasingly popular as it helps Chinese gamers channel their traffic efficiently through the “Great Firewall” to the correct server for an optimized online experience.
“We have seen the launch and growth of distributed technologies in recent years, without much focus on the underlying infrastructure, which we think explains the lack of mass adoption. As long as the community continues to try to incorporate decentralizing technology into centralised structures, surely we will see repeated failure. Our aim is to support the growth of distributed and decentralized technologies, by scaling our distributed network infrastructure through the deployed Mogu Smart Routers.” – Simon Stephen, Managing Partner
About Mogu
Mogu was founded in 2015, as part of the Charter Group, with a strong team across the Asia Pacific working together on the collective aim of building the world’s first distributed server network. In 2018, Mogu received an independent valuation of USD 208 million. Consumer routers are a scalable, proven mature technology infrastructure with underutilized resources (computer processing power, storage and bandwidth). Mogu explores effects of usercentered design, intuitive interfaces, clustering, distribution and cryptocurrency incentives to implement large-scale high-performance distributed computing and storage which is blockchain agnostic, interoperable and compatible with the collaborative consumption of data.