Altcoins Talks - Cryptocurrency Forum
Learning & News => Announcements [ANN] => Tokens/Coins Offerings (ICO, IEO, etc.) => Topic started by: Rottip on November 14, 2018, 02:38:53 PM
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The rapid development of technology is affecting every aspect of our lives. This development has spread to all fields of finance, e-commerce, education, and art by the influence of globalization and above all bringing about the invention of the blockchain technology.
Blockchain has many valuable characteristics such as decentralized, immutable, irrevocable and transparent. These characteristics help Blockchain become a very reliable means of recording data which can replace traditional methods of recording data and bring radical changes to many industries. Banking is only the beginning, there are more than 40 big industries that Blockchain could transform including: industrial IOT, cloud storage, cloud computing, digital copyrights, insurance, real estate, healthcare, supply chain management, and More than that, Blockchain provides a new way of managing trust and can make organizations more transparent, decentralized, efficient and secure. The possibilities of this TECHNOLOGY are enormous and it seems that almost any industry that deals with some sort of transaction, security and transparency which would mean any industry, can and will be disrupted by the Blockchain technology.
Despite all the importance of the blockchain technology, there has been a setback in its mass adoption due to certain problems that plagues the technology such as scalability issues and above all lack of strong and healthy community to support blockchain platforms both financially and technically.
Blockchain projects and ICOs are often scrutinized according to a number of factors. Whether it is the team’s track record, which developers are onboard, advisors, or simply the application of the product and token, and above all the community which supports the project. It is known to certain extent that the success of any project or business enterprise depends on how strong and healthy her community is. Project/platforms that devote a lot of time to engaging with their communities stand out.
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The masternet platform is offering an innovative throughput solution by creting an healthy and strong cryptocurrency community to help new blockchain startups or platforms who are in need of a strong community to support their products both financially and technically.
As Masternet will be developing a community for the Akasic Network ecosystem, it will also look into other blockchain projects that show potential and are still in its early stages or have been active for a short period of time. None of the projects must have a strong community to support them because if at all that is the case then there will be no need for the Masternet. Masternet and the blockchain projects will come together and come up with suitable terms and conditions that will work best for the integration. It is worth mentioning that Masternet will take the initiative of training the communities accordingly so that they may understand the needs of the Blockchain projects
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Aside all these, it will also motivate its users by rewarding those using MASH Tokens. For instance, the revenue collected for the various platforms will be distributed to the registered MASH holders. The remaining revenue will be used for the development of the platform’s projects and operations. Master net’s development success will be determined by the number of registered MASH holders which is greatly influenced by the future voting schemes Token distribution
THE TOKEN SPECIFICATION AND DETAILS.
The masternet platform is creating a token called THE MASH. The Mash would be the utility token of that will fuel the platform. Mash which is based on the ERC20 token is what would be utilized in carrying out lots of services and operations on the platform.
Token distribution
50% - Product & Market Development
40% - Team & Advisors
10% - Big Partners
Funds allocation
50% - Product Development
30% - Trader Community Building, Marketing
20% - Partnerships
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MASTERNET'S OFFICIAL LINKS:
Masternet Website: https://masternet.io/
Akasic Website: https://akasic.network/
Masternet Whitepaper: https://drive.google.com/file/d/1YM4ytVLkdApbTufSVOqUe1O9GK9rwDYl/view
Akasic Whitepaper: https://drive.google.com/file/d/18tV_4vq0C7-8IFbpLLthQvWCtZD1pWIl/view
Telegram: https://t.me/MasternetMASH
Twitter: http://twitter.com/masternetmash