Masa Network Completes Its CoinList Community Sale in Just 17 Minutes – Crypto News – Crypto News
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Masa Network Completes Its CoinList Community Sale in Just 17 Minutes – Crypto News

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1 year ago

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Masa, the world’s leading decentralized personal data network, announces that its MASA Community Sale on CoinList has witnessed record-breaking participation. The community sale participants purchased the initial allocation of 63,554,660 MASA Tokens, or $5,000,000, in just 17 minutes. The additional token allocation also sold-out, bringing a grand total of $8,750,000 raised in the sale.

The Masa Community Sale was oversubscribed by 6.4 times, with the demand for the token far exceeding its available supply. Only 6% of the registered users – 3,285 out of 52,606 registrants – managed to get their hands on the initial allocation of 63,554,660 MASA tokens. All the successful buyers will receive 25% of their tokens when MASA gets listed on centralized exchanges, which is targeted for on or around April 11th, 2024. The remaining tokens will be released in a 6-month linear vesting period.

“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,” said Calanthia Mei, the Co-founder of Masa Network.

Masa is honored to join the ranks of many prestigious projects that have hosted their community token sale on CoinList, including Solana, Filecoin, Algorand, Near, Immutable X and many others. 

The MASA token is the native utility and governance token powering the Masa Network, and a gas token on the Masa Avalanche Subnet. MASA operates as a standard ERC20 token on Ethereum Mainnet. MASA will be accessible on the BNB Smart Chain at launch, and will be expanded onto Avalanche, Polygon, Base, Celo and more.

Masa is the world’s leading personal data network, empowering users to own, share and earn from their data. Masa is the leading supplier of privacy-protected data for AI developers, empowering developers to train AI agents, AI models and AI-powered advertising on the data network. Masa has already partnered with leading projects accessing the Masa Data Network and its suite of products, including Injective, QuickSwap, ZkSync, and others.

Today’s personal data — from browsing history to Twitter messages — is locked up in walled gardens controlled by big tech. Users’ personal data is resold without their consent or compensation. This data landgrab is accelerated by the proliferation of AI, as personal data is consumed in vast amounts to train AI models and agents. 

Masa aims to shift the control of personal data back to users. It has pioneered Zero-Knowledge Soulbound Tokens (zkSBTs), an industry-leading encryption technology that serves as a cookie-less personal data locker. Anyone with an internet connection will be able to contribute their data and earn passive rewards in the form of MASA tokens.

Masa has an aggressive development roadmap, and a pipeline of new exciting partnerships to share with the world. With the incredible achievement of the sold-out CoinList sale, Masa’s vision of building the new data economy is becoming a reality. 

About Masa

Masa is the world’s personal data network, empowering users to own, share and earn from their data. In the AI era, Masa is building a scalable, secure, and resilient global data market, where millions of developers can build innovative applications using privacy-first user data.

Masa has amassed over 1.3 million unique wallets and over 33 million proprietary data points in its exponential growth since launch in August 2022. It has raised more than $9.2 million in funding from leading investors such as DCG, Anagram and GoldenTree, and was incubated by Coinlist’s Seed Program and Binance’s Most-Valuable-Builder Accelerator.

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