By
Temitope Olatunji
April 17th, 2024
The network’s utility and governance token MSN offers users access to bandwidth and big-data services.
CoinList, a premier platform for token sales and blockchain projects, has recently announced the Meson Community Sale, set to kick off on February 8, at 18:00 UTC. This event presents an opportunity for investors to participate in the growth of the Meson Network, a decentralized bandwidth trading marketplace on Web3.
Information on Meson Community Sales
The Meson Community Sale comes with specific parameters to ensure a fair and transparent distribution: This eagerly anticipated sale introduces the Meson Network’s native token, MSN, with a price of $1.75 and a supply of 2,500,000 MSN tokens, constituting 2.5% of the total supply.
To participate, users must register before the February 5, 2024 deadline, at 12:00 UTC, and fund their CoinList Wallets with a minimum of $50 and a maximum of $3,000 worth of MSN tokens in USDC or USDT. According to the announcement, one-sixth of the purchased tokens will be unlocked around March 15. The remaining tokens will be released monthly over the next six months.
Participants will receive a unique link via email to enter the queue before the sale starts. Early arrival in the waiting room does not affect the queue position. The sale commences with users in the waiting room assigned random positions, prioritizing those who joined early. Tokens sold during the Meson Community Sale are subject to the outlined lock-up periods.
CoinList offers an Additional Meson Allocation Request feature for those purchasing the maximum amount ($3,000) to request up to $6,000 in additional tokens. The allocation is not guaranteed, and participants must fund their wallets by February 14 at 11:59 UTC to be eligible.
Notably, KYC/AML (Know Your Customer/Anti-Money Laundering) checks are required for all participants. Also, residents of certain jurisdictions, such as the United States, Canada, China, South Korea, Cuba, Iran, Myanmar, Syria, and others, cannot join due to regulatory limits.
In a related development, CoinList will launch the zkLINK Community Sale today, comprising 31.25 million ZKL tokens, or approximately 3.125% of the entire supply of one billion tokens. These concurrent token sales on CoinList demonstrate the platform’s dedication to encouraging varied blockchain projects and facilitating worldwide involvement in the crypto ecosystem.
Understanding MSN: The Meson Network Token
MSN, the Meson Network token, plays a crucial role in the decentralized bandwidth trading marketplace.
With an initial supply of 100,000,000, the network’s utility and governance token MSN offers users access to bandwidth and big-data services. It accelerates internet content delivery, serves diverse industries, and rewards miners contributing to the Meson network.
Additionally, MSN facilitates governance processes, such as voting and decision-making on on-chain proposals. The token flow within the Meson Network, similar to Ethereum‘s model, involves rewards for miners and systematic burning, contributing to the overall network health.
The choice to debut on CoinList was not far-fetched as the platform has a good track record of bring innovative protocols to life. Some of its past projects include Casper Network, Mina, and Filecoin.