The world’s leading decentralized personal data network, Masa, reports that record-breaking numbers of people participated in its MASA Community Sale on CoinList. In approximately 17 minutes, the community sale participants bought the initial allocation of 63,554,660 MASA Tokens, or $5,000,000. With the additional token allotment selling out as well, the sale raised a total of $8,750,000.
Demand for the token considerably surpassed availability during the Masa Community Sale, which had a 6.4-fold oversubscription. Out of 52,606 registrations, just 3,285 individuals (or 6% of the total) were able to get the 63,554,660 MASA tokens that were initially distributed. On or around April 11th, 2024, MASA is expected to list on centralized exchanges, at which point all successful purchasers will get 25% of their tokens. There will be a 6-month linear vesting time before the remaining tokens are released.
Calanthia Mei, the Co-founder of Masa Network stated:
“The overwhelming response to our community sale reaffirms our community’s trust in Masa’s vision. In the new AI era, data is the new oil. Users deserve to own, share and earn from their data.”
Masa is proud to be joining the ranks of several esteemed projects, such as Solana, Filecoin, Algorand, Near, Immutable X, and many more, who have had their community token sale on CoinList.
The native utility and governance token (MASA token) that powers the Masa Network also functions as a gas token on the Masa Avalanche Subnet. MASA operates on the Ethereum Mainnet like any standard ERC20 token. Launching on the BNB Smart Chain, MASA will eventually be extended to Avalanche, Polygon, Base, Celo, and other platforms.
Masa is the leading personal data network in the world, enabling people to own, distribute, and profit from their data. Masa is a leading provider of privacy-protected data to AI developers, enabling them to train models, agents, and advertising driven by AI on the data network. Leading projects that have access to the Masa Data Network and its range of solutions, such as Injective, QuickSwap, ZkSync, and others, have already collaborated with Masa.
Today’s personal information is kept within walled gardens run by large corporations, including Twitter messages and surfing histories. Users’ personal information is resold without their knowledge or approval. The spread of AI is speeding up this data grab since massive volumes of personal data are being used to train AI agents and models.
Masa wants to give people back control over their personal information. It is the creator of Zero-Knowledge Soulbound Tokens (zkSBTs), a cutting-edge encryption technology that acts as a personal data locker without cookies. Contributions of data will be accepted from anybody with an internet connection, and MASA tokens, which are passive incentives, may be earned.
Masa has an ambitious growth plan and a plethora of innovative collaborations in the works that it is eager to present to the world. With the amazing success of the completely sold-out CoinList sale, Masa’s goal of creating the new data economy is becoming closer to reality.
Source: https://thenewscrypto.com/masa-network-achieves-rapid-success-with-17-minute-coinlist-community-sale/