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What Is Masa and How to Buy MASA?

2024-06-13 02:11:43

For the benefit of profiting and enhancing effective interaction with our users, we are inaugurating a new ledger technology, Masa. Masa is regarded as the top LLM and decentralized network. Users who partake in the project can earn, own, and share their data. 

This article will have a comprehensive outlook and insight on Masa, tokenomics, native token (MASA), benefits, operationality, and its significance towards the decentralized ecosystem. In addition, you will also learn how to purchase MASA. 

What is Masa?

Artificial intelligence and blockchain technology have recently evolved and gained popularity in the past decade, with both venture capitalists and individual investors jumping on the bandwagon. Currently, Masa is the new distributed ledger platform that has emerged. The platform is regarded as the leading personal data and decentralized network generated on Avalanche. The project seeks to break the information monopoly among tech geeks and enable monetization and access to personal data. 

As there is a divergent surge in AI projects, there is a need for high-quality, verifiable training information and a mass number of unbiased data powered by AI models. Subsequently, permissionless and open internet-scale user behavior data entailing deep AI model training are non-existent as a result of regulatory privacy concerns, large tech data silos, and limited financial incentives. 

Masa seeks to solve the issue by breaking the data monopoly and generating the world’s largest data marketplace. The marketplace is powered by fully homomorphic encryption and a cutting-edge zero-knowledge system that verifies and incentivizes data through the privatization of user information. The project aims to create a system that is secure, scalable, and resilient as privacy becomes the primary aspect. This will provide a positive interaction with the platform in a newly timed paradigm. 

The new Masa technology called Moat demonstrates fully homomorphic and zero-knowledge cryptography that constructs a resilient and secure zero-knowledge network. This facilitates an easy global data exchange. 

The Moat network is built with four layers: the user layer, which enables users to manage and secure their individual data via zero-knowledge Soulbound tokens (zkSBT), data exchange layer which acts as a third-party privacy-preserving information exchanging layer, data access layer which functions as the decentralized infrastructure for user zkSBTs, and the developer or application layer, which provides tools and interfaces for developers in generating new applications. 

Masa data supply and demand

What is the $MASA token?

MASA is an ERC20 token built on the Ethereum mainnet and is also the native currency of the project. Participants can utilize the native token to purchase inbound items within the ecosystem. MASA also acts as a governance token. Users can become a decentralized autonomous organization (DAO) within the network. DAOs are groups of individuals forming a community within the network who can take part in a voting mechanism, enabling them to conduct changes within the project. 

MASA Tokenomics

Masa will implement an innovative strategy that incentivizes the network’s development through the distribution of the tokens (MASA) to participants. Users receive rewards in return for participating in project development and supplying data into the confidential and privileged ZK data marketplace. 

The project has a staking program where node operators stake MASA tokens, which increases security and builds a more robust distributed ledger network. In return, these node operators are awarded with newly minted MASA tokens for partaking in the development of the project. Moreover, the staked MASA token creates incentives between the blockchain layers and the Oracle. 

A total of 19.57% is distributed to the treasury of the project; the initial coin offering based on coinlist is 7%, 4.15% to Oracle Staking rewards, 10% to community rewards, 26.55% to private sale, the core team will receive 25.58% and key partners will be allocated 7.1% of the total tokens.  

$MASA Allocation

How to buy $MASA on CoinEx?

CoinEx is a global cryptocurrency exchange, trusted by 6+ millions of users worldwide with 100% reserve. With its 1000+ tokens supported, including MASA, users can now trade easily and seamlessly. This is the process of purchasing MASA on CoinEx:

  1. Create an Account: Start by signing up for a CoinEx account. 
  2. Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
  3. Navigate to MASA Trading Page: Once your account is funded, navigate to the dedicated MASA trading page on CoinEx. You can locate MASA trading pairs on the spot trading page using a search box and enter the term "MASA" to find the associated pairs.
  4. Choose a Trading Pair: Select the trading pair MASA/USDT to trade MASA against USDT (Tether).
  5. Specify the Purchase Amount: The next step is to specify the number of MASA you wish to buy. You have the option to either buy them at the current market price or set a limit for your desired buying price on the trading page.
  6. Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order.

By following these comprehensive steps, you can easily trade MASA tokens on CoinEx, taking advantage of the available trading pairs.

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