Masa Network's Community Sale on CoinList Sold Out in Just 17 Minutes.
In Brief
With a bold strategy for growth and a series of exciting collaborations in the pipeline, Masa is geared up to make an impact. Their recent CoinList sale sold out rapidly, marking a significant step towards realizing Masa's vision for a transformative data economy.
March 7, 2024 – Masa, recognized as a front-runner in decentralized personal data solutions, proudly announces that its MASA Community Sale on CoinList has achieved unprecedented participation levels. The participants in the community sale snapped up a whopping 63,554,660 MASA Tokens, amounting to $5 million, in just 17 minutes. Following this, the additional token allocations also sold out, culminating in an impressive total of $8.75 million raised during the sale.
The demand during the Masa Community Sale was extraordinary, exceeding the initial token supply by 6.4 times. Out of 52,606 registrants, merely 3,285 individuals acquired the initial offering of 63,554,660 MASA tokens. Those who secured their purchase will receive 25% of their tokens upon MASA’s listing on centralized exchanges, which is targeted for around April 11, 2024; the rest will be distributed over a six-month vesting schedule.
Calanthia Mei, Co-founder of Masa Network, remarked, “The incredible enthusiasm for our community sale is a testament to the faith our community has in Masa’s vision. In this era driven by AI, data is becoming the new oil. It’s essential for users to have the power to own, share, and benefit from their data.”
Masa is thrilled to be listed alongside a host of prestigious projects that have launched their token sales on CoinList, such as Solana, Filecoin, Algorand, and many more.
The MASA token acts not only as the native governance and utility token for the Masa Network but also serves as a gas token within the Masa Avalanche Subnet. Operating as a conventional ERC20 token on the Ethereum Mainnet, MASA will be available on the BNB Smart Chain at its launch, with plans for extensions to Avalanche, Polygon, Base, Celo, and beyond.
As a pioneer in the realm of personal data networks, Masa empowers users to control, circulate, and profit from their data. By offering privacy-protected data for AI developers, Masa supports these developers in training AI agents and models, as well as in creating AI-driven advertising through its extensive data network. Notable collaborations have already been established with projects like Injective, QuickSwap, ZkSync, and others.
In today's digital landscape, personal data—ranging from browsing habits to social media conversations—remains confined within the walls of major tech companies. In many instances, individuals’ data is traded without their awareness or compensation. This trend is exacerbated by the rapid expansion of AI, which consumes vast quantities of personal data for training purposes.
Masa’s goal is to wrest control of personal data back from corporations, introducing innovative solutions like Zero-Knowledge Soulbound Tokens (zkSBTs), which offer an advanced encryption method that functions as a cookie-less data vault. This enables anyone with internet access to share their information while earning passive rewards in MASA tokens.
With the tremendous success of the CoinList sale, Masa has solidified its commitment to developing a transformative data economy that puts the user back in charge. They are on a mission to establish a thriving personal data network that not only empowers individuals but also builds a trustworthy, secure data marketplace for the future.
About Masa
Masa is at the forefront of personal data networks, dedicated to empowering users with ownership, sharing, and the ability to profit from their personal information. In this AI-dominated era, Masa is crafting a scalable, secure, and resilient market for data that will enable countless developers to create next-generation applications powered by privacy-first user data.
Since its inception in August 2022, Masa has rapidly expanded, boasting over 1.3 million unique wallets and an astoundingly rich database of over 33 million proprietary data points. The project has successfully raised over $9.2 million in funding from top-tier investors like DCG, Anagram, and GoldenTree, and has benefited from the nurture of Coinlist’s Seed Program and Binance’s Most-Valuable-Builder Accelerator.
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Contact : Calanthia Mei,
Note: This press release is intended solely for informational purposes and is not a solicitation to buy or sell any securities.
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