PRESS RELEASE. CryptoDATA Tech was announced as the title sponsor of the Austrian Grand Prix in 2022, 2023, and 2024. CryptoDATA Tech will take top billing at the Red Bull Ring – Spielberg, which will be officially named the CryptoDATA Motorrad Grand Prix von Österreich, and will sponsor one of the most talented MotoGP riders, Jorge Martin. CryptoDATA, is a Romanian company that develops high-performance products and services with unique cybersecurity attributes applicable in various domains due to their integrated features based on blockchain technology and encryption with an environmentally friendly approach. By delivering unique projects and customized products, CryptoDATA meets both the needs of its partners and those of tech users worldwide.
CryptoDATA Tech, now the official title sponsor of the MotoGP Austrian GP, has recently launched a new blockchain architecture called Xiden that aims to deliver a new internet concept consisting of multiple decentralized networks which will act as a single network connection of nodes governed by individual users. Therefore, Xiden can easily be considered a new way of mining within an ecosystem that enables the use of decentralized resources, complies with all ETH standards, and features low energy consumption, making it a go-to place for users that prefer sustainable and environmentally friendly architectures available in the blockchain world. To this end, mining on the Xiden blockchain is realized with multifunctional devices developed by CryptoDATA, but all other smart devices can be integrated in the network’s Smart Distribution Layer (SDR) so that their resources can be used to boost mining power.
The first project developed on Xiden is called Edain, an AI-powered knowledge creation ecosystem that provides equal access to actionable knowledge. Two sentiment analysis applications have been developed within this ecosystem, applications that integrate multiple indicators to analyze projects available in the market: Decision Point Crypto (analyzing CMC Top 100 tokens) and Decision Point (analyzing SP500 constituents).
Through the XIDEN project, CryptoDATA promotes digitization and the creation of innovative tech projects and invites developers to create their own projects on Xiden in order to meet the needs of as many individuals as possible worldwide.
Xiden’s major advantage is that it combines the Internet of Things with blockchain technology to offer a significantly powerful protocol that enables the integration of smart devices. With this blockchain, users can integrate smart equipment to perform multiple tasks and get paid with XDEN, Xiden’s native token. XDEN was initially listed at $0.30, but the price immediately shot up, its all-time high being $60.21, and now its value has stabilized around $35, as can be seen on CMC.
Xiden has been built so that each network participant has an active role and helps other participants. By doing so, the participants benefit from all the advantages and features of the system, from rewards to free access to the internet when in the proximity of a system-registered Minter Guardian router, and a secure infrastructure on which all devices can work.
Ovidiu Toma, Co-founder and Chief Executive Officer of CryptoDATA Tech: “At CryptoDATA, we develop high-performance technologies and services based on blockchain attributes to bring tomorrow’s technology today. Right now, we are incredibly pleased to start our partnership with Dorna Sports as we become the first Romanian company to take over title sponsorship for Grand Prix events. We share their commitment to innovation, and we want to show that blockchain technology can power positive initiatives for environmental change, for people, and for the motorsport community on and off track, as it represents one of the most transparent and secure technologies with high applicability in many fields outside the crypto sphere. This being said, technology and innovation are at the core of what we do, which strategically aligns with the sport of racing, and together we will create amazing experiences at the intersection of digital technologies and MotoGP.”
About CryptoDATA Tech
CryptoDATA Tech is a global ambassador for promoting the importance of data security and digital privacy worldwide. The company has pioneered the development of services and products based on blockchain technology that enables private and secure communication between users. Starting from the premise of discovering digital privacy, CryptoDATA Tech provides cyber solutions without restrictions for traveling users who want to protect their personal information by providing them with devices and applications that offer enhanced digital security.
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