Since its inception, Masternet has been playing a significant role in assembling the pool of Blockchain projects on a single platform to bolster the rising epoch of crypto-currency. Masternet drilled down the main problem behind the frequent demise of Blockchain projects in this new world. It came to understand the stumbling block that is “the limited non-real users” for this technology which is the reason why many Blockchain projects become the victim of failure and decline before they attain the real success.
Is Masternet Really a Connective Platform
To solve this problem, Masternet stepped into the arena of crypto-currency by launching a new Connective Platform for all the Blockchain projects who require real users of their crypto-currencies. With a strong association with Akasic Global ecosystem, it has framed a healthy and smart community that is suitable for this network as well as all the other kinds of Blockchain projects.
We have our experts which determine the best suitable category of projects for our participating community members. Besides, we have extended our efforts to foster positive relationships with other existing and potential Blockchain projects and thereby, develop a prosperous and collaborative community in which we all work together to cater our crypto needs for a promising future.
Our new connective platform has the following four essential elements:
1. Platform
The fundamental reason of our developing a community-based platform is to establish a community fit for primarily Akasic Global ecosystem. All the other kinds of Blockchain projects are also working with us at our platform to whom we provide the real users. We have come as an integrated podium where both the users and owners of crypto-currencies join, connect and sustain the Blockchain projects, embracing the upcoming hi-tech world of crypto-currency.
2. Payment
We have created our own crypto coin as our payment system which is called as MASH to manage the payment for all the services and applications on Akasic Global Network. It is distributed to our community members who become its registered holders according to their selected package.
One of the most imperative goals of Masternet is to globalize the MASH among larger community worldwide. We, therefore aim to increase our community members who can buy, sell or hold MASH for their day-to-day needs like making payments, trading crypto-currencies, shopping etc. With bigger community, greater revenues will be rewarded to team members and in this way, we integrate with numerous Blockchain projects, support their products and digitalize the entire world.
3. Expense
For managing our expense process, we have set up a goal of burning 50% of the total service fees which we will be obtained in Akasic Global ecosystem. Furthermore, our crucial objective is to retain only 50% for the project.
Burning the crypto coins engender many benefits for the community:
- It validates and authenticates the company’s actions as a ‘fair play’ because when its tokens will be sent to unspendable public address, company will have no surplus coins to sell at their desired price.
- It is a brilliant way to create new currencies.
- It promotes the members to carry out long-term involvement in the project and long-term investors will have stable prices.
- It promotes fair and equal distribution of crypto-currencies in a decentralized way.
- System
Masternet’s system intends to burn the tokens and keep approximately 100 million MASH coins in the end. As discussed above, coin burn generates positive outcomes for the partners and other Blockchain project owners. This system assists to seed new tokens by the proof-of-burn method, to reward the MASH holders and to discard unsold coins after the token sale or an ICO.
Thus, this new connectivity platform of Masternet allows profitable and fair connectivity for community members with Akasic Global and other Blockchain projects to become a part of this advanced crypto-currency globe.
Masternet Whitepaper: https://drive.google.com/file/d/1YM4ytVLkdApbTufSVOqUe1O9GK9rwDYl/view
Akasic Whitepaper: https://drive.google.com/file/d/18tV_4vq0C7-8IFbpLLthQvWCtZD1pWIl/view
Masternet Website: https://masternet.io/
Facebook: https://www.facebook.com/MasternetProject
Twitter: https://twitter.com/MasternetMASH
Telegram: https://t.me/MasternetOfficialChannelEN
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1964007
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