If we look at the data posted by Bitcoinist recently, up until the month of May 2018, more than 80,000 blockchain powered cryptocurrency projects were launched with the aim to make this world a better place through digital revolution. However, if the numbers are to be believed then only 8% of those projects have delivered what they promised to deliver. Meaning not even 1 in 10 blockchain projects survive to bring the change they envisioned. TechCrunch reports that during the first half of 2018, more than 1,000 cryptocurrency projects are no longer operational and can be considered as “dead”. These projects include ones that turned out to be scams or where developers simply abandoned the project.
While there are other significant factors that decide the fate of a blockchain project, survival is the most important of all as everything hinges on project continuation. If it survives, there is always a chance of overcoming the hurdles and solving the problems being faced. And there is nothing that keeps a blockchain alive more than its community. It’s the life and blood of every cryptocurrency project.
The Curious Case of Bitcoin
Blockchain technology and cryptocurrency savvy people would know that Bitcoin isn’t the best cryptocurrency out there when it comes to speed and functionality. Ethereum and many other cryptocurrencies are far better but Bitcoin still reigns supreme in terms of market share. Why? Simply because it has a large thriving community that continues to support the coin through difficult times. There was a time in 2012-2013 when Bitcoin hit the high of $1,000 for a brief period and then came crashing down. However, the Bitcoin believers kept the project alive and see where it is today.
Yes, we need technology. Yes, we need resources. Yes, we need strategy. But, the most important factor that is crucial to Blockchain’s existence is people who back it no matter what. And that’s where Masternet comes in.
About Masternet
Masternet is a Multi-system Interconnected Financial Platform being the community building project especially developed by Akasic Global and designed for a greater aim to integrate with other Blockchain projects that are in need of real users catering to everyday needs of a huge and prosperous community.
The primary aim here is to build robust and supportive technology literate communities in the cryptocurrency and blockchain space and then integrate them other Blockchain projects especially those that rely on Akasic Global ecosystem. These communities are supposed to provide support for the Blockchain and cryptocurrency projects through their continuous support and mass adoption which is beneficial for every stakeholder including the communities themselves, Blockchain projects, and the consumers. Masternet is aiming to build a community of 50 million users to bring the MASH coin to the ten biggest global cryptocurrencies in terms of market capitalization.
The Roadmap
Q1 2018 Project Planning - Inception of the Masternet project where short term and long term strategies were devised to take the project to a successful completion.
Q2 2018 Project Development - Start of practical endeavors such as seeking viable partners, backers, and technically adept people to kick start the project.
Q3 2018 Project Launching - Official inauguration of the Masternet project opening it for savvy investors and consumers to start making their contributions.
Q4 2018 Community Growth - Employing effective strategies to build a community fostering dedication and loyalty ensuring continued support for Blockchain project.
Q1 2019 Ecosystem Integration - Integrating the Akasic ecosystem back by tens of millions of loyal users with ten largest global cryptocurrencies by market capitalization.
Masternet system will also enable contributors around the globe to make it a passive source of income through their MASH tokens by application of the Boomerang economic model maintaining sustainable growth for the contribution they have made while also enabling the Masternet project team to have enough financial resources to develop the community as well as the ecosystem.
Facebook: https://www.facebook.com/MasternetProject
Twitter: https://twitter.com/MasternetMASH
Medium: https://medium.com/@masternet.io
Reddit: https://www.reddit.com/r/MasternetMASH/
Telegram: https://t.me/MasternetOfficialChannelEN
Masternet Website: https://masternet.io/
Masternet Whitepaper: https://drive.google.com/file/d/1YM4ytVLkdApbTufSVOqUe1O9GK9rwDYl/view
Akasic Whitepaper: https://drive.google.com/file/d/18tV_4vq0C7-8IFbpLLthQvWCtZD1pWIl/view
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2316531;