Smart MFG price is $0.00061185
The current price of Smart MFG (MFG) is $ 0.00061185, and it has decreased in the past 24 hours.
Smart MFG (MFG) is a digital asset class under the ERC20 cryptocurrency token category. It is issued by Smart MFG Tech. The token is primarily used in manufacturing smart contracts and supply chain functionalities. MFG tokens can be used to incentivize Requests for Quotes (RFQs) as well as secure and pay for smart contract Purchase Orders (POs). They also facilitate supply chain tokenization on the manufacturing blockchain.
Smart MFG is the product of Smart MFG Tech. While the founders of Smart MFG Tech are not explicitly stated, the company itself is known for its innovations within the manufacturing and supply chain sectors. The patent on their blockchain process architecture protocol is pending, making them self-proclaimed pioneers in the sector.
Smart MFG functions within the Smart MFG Tech ecosystem designed to revolutionize the manufacturing space. The MFG token enables faster, more efficient transactions within the system. It is used to incentivize RFQs and to secure and pay for smart contract POs on their platform. It's instrumental in optimizing operational efficiencies by enhancing supply chain processes within the manufacturing blockchain infrastructure.
Smart MFG is unique due to its dedicated focus on supply chain and manufacturing processes. Unlike many other cryptocurrencies, Smart MFG has a specific use-case and operates in a niche sector, focusing on tokenizing and optimizing the operations of the manufacturing field. The company claims to be pioneers in creating a smart manufacturing blockchain process architecture protocol.
The integration of Smart MFG within the SyncFab platform, a digital manufacturing platform enabling hardware supply chain buyers to transact POs and RFQs directly from a network of manufacturers, further supports its unique positioning.
As an ERC20 token, Smart MFG is secured by Ethereum's robust network. Ethereum uses a proof-of-stake consensus mechanism which allows it to safeguard against potential fraudulent activities.
As of the current date, the amount of Smart MFG in circulation is 383.6M out of a total supply of 868.5M.
Smart MFG (MFG) can be purchased on the following cryptocurrency exchanges: Bkex, IDEX, Hotbit, Bitforex. Always remember to take appropriate security measures when dealing with digital assets.
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