San Francisco, USA, April 11th, 2024, Chainwire
- To celebrate its mainnet launch and token listing, Masa has allocated 25,000,000 MASA token rewards for trading competitions and AI data farming
- Masa has committed 6,666,666 MASA tokens of the total reward pool to incentivize users to share their data in the AI Data Marketplace
- The MASA token has been listed on leading centralized exchanges including Bybit, Kucoin, Gate, HTX, PancakeSwap on day one
Masa Network, the world’s leading decentralized AI and LLM network, has officially launched its AI Data Network and Marketplace mainnet, enabling users to take full control over their digital footprint and get paid to train AI models. The MASA token has also gone live on Ethereum, Binance Smart Chain, and on the Masa Network, a dedicated Avalanche Subnet.
The MASA token has been listed on leading centralized exchanges including Bybit, Kucoin, Gate, HTX, PancakeSwap. To celebrate its mainnet launch and token listing, Masa has allocated 25,000,000 MASA token rewards for trading competitions and AI data farming. The network has also committed 6,666,666 MASA tokens to incentivize users to share their data in the AI Data Marketplace.
MASA is one of the most highly-anticipated AI tokens to launch in 2024, noted by its record-breaking Coinlist Community Sale, which was six times oversubscribed and sold-out in 17-minutes, raising $8.75 million. Masa was the only AI project on CoinList Launchpad so far in 2024.
Masa Co-founder Calanthia Mei said, “The launch of the Masa AI Data Network and MASA token is only the beginning. Our mission is to radically transform AI, by empowering users to earn from powering the AI economy. We envision a future where billions of users are contributing data and compute to power the future of AI. While Web3 has been the springboard for Masa, we are already collaborating with AI developers and institutions in Web2, with the vision to transform the entire AI industry.”
The MASA token is the native utility token that powers the Masa Network. It has several key functions:
- Incentivizing data supply: Masa incentivizes users for contributing personal data to the Masa Network. Users earn passive rewards in MASA when their data is used by businesses and developers.
- Paying for data use: Businesses and developers pay fees to access and utilize the data, products, and services on the Masa network. Fees can be paid in MASA tokens, stablecoins, and other blockchain-native tokens. All non-MASA-denominated fees are subsequently swapped to MASA tokens, with a portion burned.
- Rewarding node operators: Masa Oracle node operators stake MASA to operate Masa’s zk-oracle nodes. Node operators receive staking rewards for the first two years of oracle operation. Staked tokens are locked for a vesting period.
- Governing the network: MASA holders can participate in network governance, voting on proposals like technical upgrades, fee structures, and others.
On the Masa Network, every Internet user can be an anonymized data contributor and node worker, earning token rewards by sharing their data and unused compute power with AI developers. Over 1.4M users have already contributed 40M data points to the Masa Network. Users always maintain full control over their data and who they share it with. All user data remains private and encrypted, made possible by Masa’s invention of Zero-Knowledge Soulbound Tokens (zkSBT).
For AI developers, Masa provides proprietary, high-quality, verified personal data in real-time that they can use to train AI models which are “specialized” rather than “generalized,” creating hyper-personalized AI agents, AI assistants, and more. In addition to its decentralized data network, Masa offers developers access to a suite of decentralized LLMs, eliminating the need for complex model hosting.
About Masa
Masa is the leading Decentralized AI Data and LLM Network. Users can own, share, and earn from their data and compute to power AI applications. Masa has already amassed over 1.4 million unique users, 48,000 node operators, and 40 million proprietary data points.
Masa has raised $18 million from leading investors such as Digital Currency Group, Anagram, and GoldenTree. On March 7, 2024, Masa completed its record-breaking, 17-minute CoinList Sale, totaling $8.75 Million in MASA tokens. Masa is a proud graduate of Binance MVB Accelerator Season 6, and has been selected to participate in the Hashkey AI Accelerator.
For more information, visit: Website | Discord | Telegram | X
Contact
Calanthia Mei
calanthia@masa.finance
Disclaimer: Press release sponsored by our commercial partners.