Masa, a data network focused on private data sharing, is set to launch its mainnet and token issuance on April 11th.
Masa, a data network that calls itself the “internet’s new nervous system,” has announced that its mainnet debut, which will coincide with the issuance of its token, will take place at 12 p.m. UTC on April 11th.
To enable private data sharing on a worldwide scale, it uses zero-knowledge (ZK) and fully homomorphic (FHE) cryptography to construct a ZK data network.
The Tokens are the Masa Network’s native utility and governance tokens. On their Avalanche subnet, it serves as a gas token, and on the Ethereum mainnet, it follows the ERC-20 standard. Their token will be available on Masa, BNB Chain, and Ethereum all at once after its introduction.
Their coin has a variety of uses, including data supply incentivization, personal data management, network governance, and compensation for node operators.
The total number of MASA tokens is 1,588,866,523. We allocated 421,864,898 for the private sale, distributed 111,220,657 to the CoinList community as community prizes, awarded 158,886,652 as Oracle Staking awards, and distributed 311,080,042 for ecosystem growth. Partners and the core team will receive the remaining tokens. After one month of being listed on centralized exchanges (CEXs), all community reward tokens will be fully unlocked. Centralized exchanges are planning to list the token sometime around April 11th.
After the release of their token, the platform will create a claim page to grant access to those who participated in the airdrop and are supplying data to the network. You will be able to use airdrop photos taken between January 20, 2024, and December 31, 2023, at 11:59 p.m. ET.
Masa Finance Secures $5.4 Million in Seed Capital to Speed Up Data Exchange Platform Development
Masa Finance, is an advocate for the secure and privacy-preserving sharing of data between users, developers, startups, enterprises, and businesses. The project’s primary goal is to establish a data platform where users can contribute confidential information and receive payment in Masa’s native currency.
Among other investors, Anagram, Digital Currency Group, GoldenTree, and Avalanche Blizzard Fund spearheaded a seed investment round that Masa Finance completed recently, raising $5.4 million. This financing will accelerate the continuous development initiatives.