Masternet Platform Review: The Multisystem Interconnected Financial Platform

mayowa-eu (60)in #masternet • 6 years ago (edited)

ABSTRACT

Ever since the advent of blockchain technology, the new dimension that the technological world has taken cannot just be over-emphasized. Payment system has changed drastically and a lot of business firms have started the adoption of cryptocurrencies as their mode of payment. Not only the payment system that has been changed as a result of this excellent technology, transaction processing has also taken a new dimension through transparency and efficiency.

There are many other advantages of this technology in this present age and prediction has been made by experts that there will be a 42.8% expansion of this industry yearly till the year 2020. Big firms and organizations are beginning to find this technology to be the best because of its transparency, efficiency and decentralization feature.

However, blockchain’s adoption rate by the masses isn’t as encouraging as it should be despite the opportunities that are being offered by the technology. This is because of the hiccups that are been experienced in the blockchain industry. Quite a large percentage of projects that are being created on the blockchain technology have failed either due to scam or inability of the team to deliver the purpose to which the project was created for, this has become so overwhelming and discouraging to the whole crypto industry.

INTRODUCING THE MASTERNET PLATFORM

Masternet platform is the community project of Akasic Network.
It is dedicated to building of a strong and healthy community suitable for Akasic Network ecosystem other worthy projects which will be determined by experts on the platform.
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Masternet builds strong communities in the cryptocurrency space and integrates it with other blockchain projects (most especially projects that are in the Akasic Network system) for the purpose of achieving massive support and high level of adoption for the products by these projects.

Also, during the development of the Akasic Network ecosystem community, Masternet platform seeks for other worthwile blockchain projects in their early phase but none of them is qualified enough due to lack of strong community support.

Masternet platform also intends to reward its community with shares form the generated revenues from Akasic network ecosystem and revenues from other blockchain projects.

Initially, this revenue shall be gotten from transaction fees when the communities make use of MASH for trading, exchange with other cryptocurrencies, shopping and money transfer.

Masternet generates more revenue from user’s activities (such as advertising, product listing, products marketing, cryptocurrency conversion and custody service) as the community grows bigger.

USAGE OF GENERATED REVENUE
At the end of each week, generated revenues shall be distributed partially to MASH holders who are registered on the platform while the remaining revenue shall the various operation and further development of the project.

Masternet deployed an incentive program at its initial phase when there wasn’t any blockchain project integrated with them. This incentive program was set up to reward their early adopters in order to encourage a large number of people to the platform. A reserve fund will be established to participants of this incentive program who are also MASH holders. This will be expanded later-on to other members based on the work of the community in bringing new members to the platform. Reserved funds shall also be used to fund this affiliate program.

MASH TOKEN DETAILS
MASH is an Erc-20 token with a total supply of 200million. 100,000,00 MASH tokens will be available for product & market development, 80,000,000 MASH tokens for Team & Advisors and 20,000,000 MASH tokens for big partners

TOKEN DISTRIBUTION
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