Masternet Project

Maybe you often see many blockchain projects that don't develop or even die slowly. Have you ever analyzed the cause? if you have never analyzed it before, let's read the analysis from the following Masternet team.

As we know that there are thousands of blockchain projects that are dead or not developing due to the lack of enthusiasts or users of these products. The strength of the community and the team of the project were neglected by them. On Masternet they believe that the strength of the community is the main thing. The community functions as the core of a project, both for technical and business matters.

In terms of business, if your competitors have a stronger community, then you will need more than just a good product to beat competitors. For example Bitcoin, however ETH, ADA, EOS and NEO are able to provide several advantages, but still Bitcoin is the ruler in the blockchain world, because of the advantages of being the first on the blockchain and has existed for a long time.

Now let's look at it from a technical point of view, when many people use your blockchain technology, it will attract miners to join your blockchain network. And that will strengthen your blockchain. And invite many computers to participate in verifying transactions.

After seeing the above conditions, Masternet decided to build a strong community for the first time for the Akasic ecosystem network.

Masternet.jpg
Second, during community development in the Akasic ecosystem network, Masternet will also look for potential blockchain projects that are still in the early stages. Especially projects that are weak from the community side to be invited to join. Of course by giving an understanding to the community about the project and the needs of the project.

Finally, members of the Akasic community will be given a proportional reward. In the initial stage, rewards will be given from transaction fees when the community uses MASH as a payment tool, crypto exchange, spending and money transfer. The greater the Masternet community, the greater the prizes obtained from other community activities, such as revenue from advertising and product marketing, listing fees, crypto conversion and custody fee services.

And on weekends every week, the reward will be distributed to MASH holders who lock a number of MASH tokens based on their chosen package. And the rest will be used as project operational costs and project development costs. For example, if the package you choose is worth 2% of the total value of all registered packages, then you will get 2% of the profits. In addition, registered MASH holders will also get Airdrop from partners who work with Masternet. In the end the Masternet development will be determined by the Masternet team and the MASH holders in the future voting scheme.

As stated before, that there is a staking scheme for registered MASH holders. What if there are no projects that have joined? how will MASH holders be paid? for that the Masternet has reserved funds to pay their rewards. In the future Masternet will let the community develop naturally to finance the reward. And if the community has developed sufficiently, integration with other blockchain projects will take over reward payments. And monthly income from Masternet partners will be distributed as a reward.

So the vision of Masternet is to become the biggest crypto-financial company with open ecosystem connectivity to address daily needs, and prosper and raise communities.

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
Author: Aleksei_Richevich / https://bitcointalk.org/index.php?action=profile;u=1856438