Machi X is a collective of artists and patrons who curate and collect digital art. Machi X DAO is an organization directed by members. Members pool resources, create proposals (Machi X Improvement Proposals, or MIPs) to improve Machi X, and approve governance changes to the Machi X ecosystem.
The MCX token is a token within the Machi X ecosystem and serves as the governance token of the Machi X DAO. For every 10,000 MCX subscribed, members will receive 1 share of DAO. As Machi X DAO develops, the utility of MCX can be modified according to the decisions of DAO members.