MASTERNET.IO WHITEPAPER WHITEPAPER

Transcription

1 MASTERNET.IO WHITEPAPER WHITEPAPER

2 Contents 5 Bitcoin and Blockchain 6 Solving the essential problem of every transaction 8 How Blockchain changes our lives 9 Context 10 Problem 12 How it works 14 How supporters can participate with us 15 Smart Stacking 16 Roadmap 20 Information about MASH Token 2

3 MASTERNET Multi-System Interconnected Platform 3

4 Technology revolution at a glance: how Bitcoin and Blockchain is changing the world? 4

5 Bitcoin and blockchain Accelerating digitalization, faster Internet transmission speeds, continuous accumulation of big data, the application of mathematic and cryptographic technologies in the digital era: these are the factors that create a need for developing data recording systems based on of Blockchain technology due to its advanced features: decentralization, openness, autonomy, irreversibility, and privacy protection. Bitcoin is the first widely used application of Blockchain technology. Since its creation, Bitcoin has changed the payment system in the way we have never experienced before. Making international payments is faster, cheaper and more easier using Bitcoin and other cryptocurrencies. Today, the total cryptocurrency market capitalization, led by Bitcoin, is more than $200 billion. All this change is possible thanks to the technology at the heart of Bitcoin and other virtual currencies: Blockchain - a digitized, decentralized, public ledger that records transactions block by block, which allows market participants to keep track of cryptocurrency transactions without central record keeping. Blockchain has many valuable characteristics such as decentralized, immutable, irrevocable and transparent. These characteristics help Blockchain become a very reliable means of recording data which can replace traditional methods of recording data and bring radical changes to many industries. Banking is only the beginning, there are more than 40 big industries that Blockchain could transform including: industrial IOT, cloud storage, cloud computing, digital copyrights, insurance, real estate, healthcare, supply chain management, and more. With that many potential applications in business and life, Blockchain is gaining worldwide adoption. According to IDC, Global spending on Blockchain solutions in 2018 is $2.1 Bn. Netscribe predicts that there will be 42.8% expansion of the Blockchain industry every year to More than that, Blockchain provides a new way of managing trust and can make organisations more transparent, decentralised, efficient and secure. 5

6 Solving the essential problem of every transaction Trust is foundational to all businesses, and Blockchain is the evolution of value exchange and the revolution of trust as it enables entities to seamlessly establish trust and transparency at scale. It will remove the need for a large amount of middlemen. It s trust that is going to be the most valuable element of the digital age, which help business transactions conducted in a much simpler peer-to-peer economic model. Therefore, organizations need to assess trust as a key feature of their value chain and evaluate the impact of Blockchain on their future. Trust In traditional financial transactions, most transactions are guaranteed by third parties such as banking institutions, credit institutions or money transfer services. With blockchain technology, all transactions are validated by computer systems around the world by algorithm, security, and can not be forged. 6

7 Anything that involves trust, contracts and value exchange can be moved onto a Blockchain. Speed Cost Scale Usually, it takes 3 to 5 working days to transfer money across borders. With blockchain technology, digital money transfers take only 5 to 10 minutes to confirm transactions, no matter where you are in the world. Money transfer costs are often a burden for small transactions, especially cross-border transfers. With digital money, transaction costs are usually very small (less than 1 USD), even some free currency transactions. The fact that, more than half of the world s population do not have a bank account, the money transfer with them is quite difficult task. With digital money, access to the Internet is already a possible method to make transactions, transfer or receive money. 7

8 How Blockchain changes our lives The potential of Blockchain is not limited to transactional cost savings or improving transaction speed. A Bloomberg report from 2012 noted that more than half of the world s population does not have a bank account, although mobile penetration is above 75%. Cryptocurrency payments through mobile apps would be the revolutionary method that enables the world s unbanked population to transfer money internationally without costly transaction fees or delays. Blockchain technology has the potential to fundamentally change much of the way our world currently operates for the better. Everything is going to change, all because of Blockchain. It ll create new ways of working and leave more time for creativity and innovation. Intermediaries such as lawyers, brokers, and bankers might no longer be necessary. Individuals, organizations, machines, and algorithms would freely transact and interact with one another. This is the immense potential of Blockchain. Blockchain is not going to just change the way industries and governments operate but it will impact the lives of every one. The world is changing incredibly fast, and we are not all aware of it. Blockchain technology and cryptocurrencies are an irreversible advancement that is disrupting established industries and the ways in which we interact financially. Transparency Anyone can track the transactions of blockchain from one address to another and can record the entire history on that address. Irreversibility Theoretically, only a quantum computer can intervene and decipher the blockchain chain and it is only disappeared when there is no global internet. Smart Contract Are digital embedded by an if-this-then-that (IFTTT) code that allows them to execute Blockchain manually without the need of a third party, but it also ensures that all parties know Contract details and terms will be automatically made once the conditions are guaranteed. Data security The information on blockchain chains are scattered and absolutely safe and only the holder of the private key has access to that data. 8

9 Context However, all those breakthroughs are being prevented from growing. Blockchain technology is still far from mass adoption. In addition to those that are yet to be technically ready for it, are there other projects being kept away from the mainstream audience due to other reasons? According to Bitcoinst s data till May 2018, there have been more than 80,000 projects launched worldwide claiming to make the world a better place with the help of Blockchain technology. Unfortunately, the estimated figure for surviving ones that can still continue to deliver what they promised is around eight percent of it. In particular, over the first half of this year, more than 1,000 cryptocurrency projects have been considered as dead projects according to TechCrunch s report, based on the 2 websites Coinopsy and DeadCoins. By dead they meant abandoned, scammed, having no update or whose developers have run away.. 9

10 Problem Our Masternet team found out that the root that leads to thousands of Blockchain projects deaths is that there are not many people using their products/ cryptocurrency. They lack a strong and healthy community to go along with the project team, bringing the necessary support both in terms of financial and promotional aspects. At Masternet, we believe the community is the core value and the true power of any Blockchain project, both in terms of business and technical. In business, once your competitor has established a strong and healthy community, you need more than just a fine product to convince people stop using the existing products and choose yours. Take a look at Bitcoin, for example. There are thousands of Blockchain projects that could deliver much better than the tedious and slow transaction process that Bitcoin offers. Still, the Bitcoin community is the largest and most popular crypto community. It is undeniable that the advantage of being the first and having existing for such a long time contribute a lot to Bitcoin s today success. Yet, does that mean better solution like ETH or NEO and EOS or ADA should be given up? And other infant projects which have just recently closed their ICOs? That s the question we are trying to answer since we understand that only when there is a strong community using your solution, could you truly make the world a better place. Now, looking at this issue from another angle - technically speaking in term of the nature of Blockchain technology, only when there is a large number of people using your cryptocurrency for their transactions (whatever it is), could it be attractive enough to draw the attention from the miners to join your network, enhancing its Blockchain power. Apparently, Blockchain is only immutable and irreversible if there are enough computers participating in its network to verify transactions. Look at the cost of conducting a Proof of Work (PoW) 51% attack on these networks for your reference.. 10

11

12 How it works Firstly, we build strong and healthy communities that are suitable for the Akasic Network ecosystem as well as other different kinds of projects (the categories are determined by our experts). Secondly, during the community development stage for the Akasic Network ecosystem, we also seek for potential Blockchain projects that might be still in early stage or active for awhile but none of them has a strong enough community to support them. Then, both sides come up with terms and conditions to benefit each to integrate. Of course, based on the needs of those Blockchain projects we will educate our communities accordingly. Finally, the Masternet community will be rewarded with a proportion of the Akasic Network ecosystem revenue as well as other projects revenue, at first, the revenue will be generated from the transaction fees when our communities use MASH to make payments, trade cryptocurrencies, do shopping, transfer money,... The bigger the Masternet community is, the more revenue streams we will get from a wide variety of activities of our community in the ecosystem such as: revenue from advertising and marketing products, products listing fee, cryptocurrency conversion fee, custody service fee,... And then, at the end of every week, that revenue is partly distributed to registered MASH holders who lock an amount of MASH tokens accordingly to the package that they choose compared to all registered MASH holders, while the other part is used for the project operation and development. For example, if you the package you purchased is valued at 1% of the total valuation of all registered packages, you will receive 1% of the profit. Moreover, register MASH holders can also receive revenue drop airdrops that our partners frequently conduct as part of the deal. Finally, Masternet s development will be both determined by the team and registered MASH holders for the best based on our future voting schemes. 12

13 13

14 How supporters can participate with us Joining the community on our social network: Telegram: Facebook: Twitter: Medium: Reddit: By joining our community, you will be updated with our special programs to have access to further opportunities to benefit with us. Our Key-Opinion-Leaders (KOLs) Program is an example. Stay tuned and get updated. 14

15 Smart Stacking As you noticed, we have previously mentioned something called registered MASH holders. And that is anyone joining our Smart Staking Program to benefit with us. The Smart staking is our monetary to encourage people to actively participate in our community and, at the same time, maintain a stable growth for our MASH token. By providing flexible bonus, we can encourage MASH holders to sell, buy or hold MASH at different times. Specifically, MASH holders need to lock their MASH tokens with the number and time depending on the package they choose and will be financially rewarded as compensation. Where does this reward come from? Initially, when there hasn t been any other Blockchain projects integrating with us, an incentive program is deployed to reward the early adopters to establish quite a number of people participating in our system with the help of our own networks and connections. A reserve fund will be established to reward registered MASH holders in this incentive program. Later on, we will allow it to naturally expandly based on the work of community members-an affiliate program is proposed to reward them based on their referral for new members to join. Our reserve fund will also back that affiliate program. Finally, once our communities have grown enough, integration with other Blockchain projects and ecosystems will take place. And then, monthly revenue coming from our partners will be distributed to them as our reward. 15

16 Roadmap Vision To become the world s top crypto financial company with an interconnected and open ecosystem that caters to everyday s needs of a huge and prosperous community. Mission To foster Blockchain development and adoption in particular and increase the world s efficiency in general by bringing healthy and strong communities to potential and practical Blockchain projects, making sure they survive and thrive while benefiting the people at the same time. Q1/2018 Q2/2018 Q3/2018 Project Planning. This is the time when we came up with the project s idea and our vision as well as mission. Partnership Establishment & Project Development. In Q2/2018, we enhanced our existing connections and establish more while develop the project. Project Launching. At this point of time, we launch our ambitious project to raise the awareness among the cryptocurrency community around the world. 16

17 Q4/2018 Q1/2019 Q2/2019 Community Growing. As we ve mentioned, community is our core strength and positioning. Therefore, growing community is the main objective for us to aim at after launching. Our first program would be the KOLs Program. Stay tuned for more update. Ecosystem Integration. We ve planned to commence the very first ecosystem integration in Q1/2019. We aim at potential Blockchain projects with real applications that still lack the community using it or still in the early stage in order to bring the most benefits to all the people participating in our community. Testnet Launching. In order to be the powerful medium for all projects transactions, we head to establish our own Blockchain with a capability of delivering 1000 TPS while maintaining the security and transparency. And in Q3/2019, We will have Mainnet lauching. 17

18 Token Information MASH is an ERC20 Token, which was developed on the Blockchain platform of Ethereum - One of the most powerful and secure blockchain ever. 100,000,000 MASH PRODUCT & MARKET DEVELOPMENT 80,000,000 MASH TEAM & ADVISORS 20,000,000 MASH ESSENTIAL P OTENTIAL 18

19 50,000,000 MASH PRODUCT DEVELOPMENT Use of 100,000,000 MASH for Product & Market Development 30,000,000 MASH TRADER COMMUNITY BUILDING MARKET 20,000,000 MASH PARTNERSHIPS 19

20 MASTERNET.IO Multi-System Interconnected Platform