Masternet | Prolonged Life-Span for the Blockchain

aiberg (41)in #blockchain • 6 years ago

Recently, I wrote an article about the Masternet Project and because of the love I have for this project, I have decided to publish another article to keep you updated on the latest developments in the Masternet Project, for those of you who missed that article, let me tell you what Masternet is all about.

It is surprising that a ten-year-old platform had been in existence and though it had literally toured around the world, many are yet to acknowledge its presence.

The blockchain had been with us and helped businesses solve trust issues but yet, one a few persons in the world stick to it. At the moment, cryptographic currencies birthed from the platform are at the doors of two thousands but their innumerable problems with exchanges had been their downside.

Akasic Network was developed to help traders have the best when it comes to cryptographic trades. Featuring wide range of services, the exchange was an off-shoot of Masternet. The latter helps the exchange in piloting efficient trades. However, the scope does not stop there and some of its integral features will be discussed below.

What is Masternet?

The sole platform backing Akasic Network, Masternet, also doubles as one that unites blockchains. There exists disparities among the latter but now, there would be unity as their assets will be united in one ecosystem and trades set off. It also prides itself as having interconnectivity and this is a feature that triggers interoperable blockchains.

In a nutshell, Masternet can best be described as the communication protocol that links the exchange to other platforms. There is also lingering problem of adopting decentralized assets. There have been reports that many of these are relatively useless and given this fact, Masternet moved for integration of such projects.

Everything about the platforms is motivated by increasing the chances of the decentralized world. For instance, the literally-acclaimed dead projects will be offered a room in the platform making them come alive again under a viable ecosystem.

Beyond Akasic Global

Looking past the drive to increase Akasic Global’s use, Masternet had opened pathway to other platforms that are willing to join. Positioned as financial-driven, there are tendencies of boosting market capitalization of most projects. The scope also extends to blockchains that are out to create trusted transactions. Supposedly useless projects will be offered space to have some trial. Masternet is also interested in bringing up viable projects that will help the decentralized world have more adoptions.

Though interested in improving the chances of the blockchain, the project is looking beyond the lens. Projects that worth their onion will be empowered to thrive in the ecosystem and in addition, this will feature in adequate provision of services to the larger community of end-users. Nonetheless, Masternet is keen on providing services that will move drives for Akasic Global’s adoption. The goal is clocking over 50 million users on the exchange in addition to boosting the chances of its token, MASH topping the first ten on market capitalization.

Smart Staking – Reward for Participants

As is the case with every new project, many will not be keen to participate. In the case of the blockchain, investors are still having feet of clay in plunging their funds. Masternet is creating a model that will see its adoption sooner than anticipated. At the heart of the scheme is the token-incentive.

This will culminate in luring others in participating on the platform. There are plans to register MASH token holders and this set will become early beneficiaries. Hence, the reward will be issued for being in possession of the token. Token holders are expected to keep same within specific periods to qualify. They can also trade on the token to get the incentive.

The MASH token to be issued will be set aside. As the platform expands, the searchlight will be beamed on referral that allows token holders will set up new members. Masternet will start acceptance of new platforms once it stabilizes and revenues coming from there will be used in financing incentives.

Allocation of Tokens

Token Specifications

Ticker: MASH
Platform: Ethereum
Token Supply: 200 million MASH
Token Standard: ERC-20

Where Can You Obtain MASH Token?

The mash token is listed and trading in LiveCoin.net Exchange and also Stocks Exchange also known as Stex Exchange. You can also keep track of the price and coin information on CoinMarketCap, CoinGecko and WorldCoinIndex.

Conclusion

Masternet primarily aims at increasing the chances of the blockchain. The support for the Akasic Global exchange is one too many and will help in cryptographic trades. Its token-incentivizes will certainly drive massive adoption both for it and the exchange in addition to other blockchain-based platforms that will strike partnership.