Meson Network PriceMSNInactive

What is Meson Network (MSN)?

Meson Network (MSN) is a decentralized physical infrastructure network (DePIN) platform and marketplace built for trading computing power and cloud storage. It is designed to consolidate and monetize idle bandwidth from long-tail users at low cost, replacing traditional labor-based sales models with a blockchain protocol model. The project positions itself as the foundation of data transmission for decentralized storage, computation, and the emerging Web3 DApp ecosystem, describing its mission as pioneering AI + DePIN empowered by people. Meson Network aims to create an efficient bandwidth marketplace on Web3 where users can exchange unused bandwidth resources for tokens, and those who need bandwidth can access it anywhere in the world.

The platform operates on the Ethereum blockchain as an ERC20 token. MSN has a total supply of 100,000,000 tokens and a maximum supply of 127,500,000 tokens. The project was founded in 2020 and is based in Singapore. Its token launch date was March 12, 2024, per CoinDesk listing data. Meson Network is tagged under DePIN and Storage categories and remains active. The project seeks to democratize data storage and bandwidth management, creating a decentralized and fair ecosystem that contrasts with traditional centralized vendors where large companies control infrastructure and dictate terms of service.

Key Specifications & Tokenomics

• Name: Meson Network
• Ticker / Symbol: MSN
• Blockchain / Platform: Ethereum (ETH)
• Token Standard: ERC20
• Smart Contract Address: 0xaa247c0d81b83812e1abf8bab078e4540d87e3fb
• Decimal Places: 18
• Consensus Mechanism: Proof of Storage
• Category: DePIN, Storage
• Total Supply: 100,000,000 MSN
• Max Supply: 127,500,000 MSN
• Self-reported Circulating Supply: 43,811,482 MSN (approximately 34.36% of total supply; self-reported, not verified by CoinMarketCap)
• Launch Date: 2024-03-12 (per CoinDesk listing data)
• Founded: 2020
• Based In: Singapore
• Also present on: Arbitrum and BNB Smart Chain (per Arbiscan and BscScan)
• CertiK rating: 3.4 (out of 5, per CertiK)
• Token sale: sale cap of $8.75 million for 5% of total supply; total raised $12.25 million in March 2024 (per ICO Analytics)
• Initial market cap: $3.2 million, representing 1.8% of total supply
• Whitepaper: docs.meson.network/Meson-Network-Whitepaper-v1.6.pdf
• Source code: github.com/daqnext
• Community: t.me/mesonnetwork, discord.gg/z6YfSHDkmS, twitter.com/NetworkMeson
• Explorer: etherscan.io
• Official Website: www.meson.network
• Operating Status: Active

Note: CoinMarketCap has not verified the circulating supply, which is self-reported, and sources differ on the exact launch date (March 12, 2024 per CoinDesk; April 29, 2024 per CoinMarketCap registry data).

The MSN token supports mining rewards, staking, and network incentives. According to the project's final tokenomics, 1% of the total supply is allocated for rewarding participants of the Meson Network testnet. The token incentivizes participation by rewarding users who contribute their surplus bandwidth to the network, ensuring active and sustained engagement. The initial supply stands at 100,000,000 tokens.

Who created Meson Network?

Meson Network was co-founded by Sherlock Shi and Leo Li. Sherlock Shi serves as Co-founder and CEO. He holds a Bachelor's degree in Information and Calculation Science from Zhejiang University of Finance and Economics. Prior to founding Meson, Sherlock worked as an Engineer and Project Manager at 8BTC. With a strong background in blockchain technology, he has been a driving force behind Meson Network, focusing on creating a scalable and secure platform that meets the growing demands for decentralized data storage.

Leo Li serves as Co-founder and CTO. He brings extensive expertise in data management and cybersecurity. His background includes working on innovative projects in the tech industry that focus on enhancing data security and developing robust data management solutions. Russ Wong is also listed as a co-founder. Zion W. serves as Developer Advocate. Founders listed on Crunchbase include Leo Li and Sherlock Shi. The project reports a community of 340,000 miners and over 114K active nodes.

How does Meson Network work?

Meson Network operates on a Proof of Storage consensus mechanism, which ensures data integrity across the network. Nodes must prove they are correctly storing data, adding an extra layer of security and reliability. The network utilizes data sharding, where data is divided into smaller pieces and distributed across multiple nodes. By ensuring that no single node holds the entire dataset and spreading data across the network, it reduces the risk of data loss.

The platform enables decentralized bandwidth trading, allowing users to trade bandwidth directly with each other. A peer-to-peer model ensures that bandwidth is used efficiently, benefiting both providers and consumers without the need for intermediaries. The fee distribution mechanism on the demand side is based on a Burn & Mint mechanism combined with characteristics of Tips from ETH2.0. Reference models for fee conversion include the BNB token model, where revenue from the product is used to buy back and burn outstanding BNB, and the Helium approach, where HNT assumes the role of a channel fee and users pay stablecoin DC to use Helium services, with DC exchangeable only by HNT.

What makes Meson Network unique and valuable?

Meson Network addresses several critical problems in the data storage and bandwidth market. First, it breaks data storage monopolies. The market for content acceleration services is dominated by giants like AWS and Cloudflare, which control prices and profit from a near-monopoly. Meson Network provides a standardized protocol for connecting bandwidth resources and unlocking value from underutilized bandwidth. Second, it finds new uses for underutilized servers. Many developers, schools, and enterprises have underutilized general-purpose servers, and Meson Network allows these resources to be monetized through a simple deployment process, reducing costs and enabling users to benefit from their existing infrastructure.

Third, it enables market access for smaller users. Smaller users and merchants often have difficulty accessing market opportunities due to size and channel limitations. Meson Network aggregates these long-tail users, making their resources attractive to larger players without significant manpower costs, thanks to MSN token incentives. The traditional cloud vendor model relies on a top-down sales approach where expanding market coverage requires recruiting local people, leading to linearly or exponentially rising costs. Meson Network's protocol model integrates resources from the bottom up, removing human interaction as much as possible and quickly achieving scale through free market mechanisms.

What is Meson Network used for?

The MSN token is essential to the network's ecosystem. It supports mining rewards, staking, and more. The token incentivizes participation by rewarding users who contribute their surplus bandwidth to the network, thus ensuring active and sustained engagement. Users can exchange their unused bandwidth resources with Meson for tokens, and those who need bandwidth can come to Meson's market to borrow bandwidth anywhere in the world.

Businesses can leverage Meson Network for scalable and secure storage solutions, reducing risks associated with data breaches and downtime. The platform provides a marketplace for trading computing power and cloud storage, allowing anyone to use or trade surplus bandwidth for MSN tokens. The project serves as the foundation of data transmission for decentralized storage, computation, and the emerging Web3 DApp ecosystem, making it a critical infrastructure layer for the broader decentralized internet.

How Is the Meson Network ecosystem developing?

Meson Network has been actively developing its ecosystem since its founding in 2020. The project was founded in 2020, its official X account @NetworkMeson was created in January 2021, and the token launched in March 2024. The project raised $12.25 million in March 2024 across multiple completed rounds, including Token Launch, IEO, and two others.

The project has attracted a community of 340,000 miners. In terms of integrations, MSN is supported by Ledger as a supported crypto. MSN trades as the MSN/USDT pair on MEXC and is also referenced on Godex and SimpleSwap instant-exchange platforms. The ecosystem continues to grow with ongoing development of its bandwidth marketplace and DePIN infrastructure.

Risk notes: CoinMarketCap has not verified the self-reported circulating supply; Blockworks Intel has issued a low-volume alert for MSN; and Coinbase listing data shows conflicting max-supply information. The project's CertiK rating is 3.4.

How to mine Meson Network?

Meson Network utilizes a Proof of Storage consensus mechanism where nodes must prove they are correctly storing data to participate in the network. This mechanism ensures data integrity across the network and adds an extra layer of security and reliability. Participants in the network can contribute their surplus bandwidth resources to earn MSN tokens as rewards. The project's tokenomics allocate 1% of the total supply for rewarding participants of the Meson Network testnet.

Users who wish to participate in mining can connect their underutilized servers or network resources to the Meson Network through a simple deployment process. The network aggregates these resources and makes them available to those who need bandwidth. Miners are incentivized through MSN token rewards for contributing their surplus bandwidth. The project had a community of 340,000 miners, indicating substantial participation in the network's mining ecosystem.

How to keep your Meson Network Coin safe?

Keeping your MSN tokens safe requires following standard cryptocurrency security practices. Since MSN is an ERC20 token on the Ethereum blockchain, it can be stored in compatible wallets that support ERC20 tokens. Hardware wallets such as Ledger, which supports MSN, provide an additional layer of security by keeping private keys offline. Always ensure you are using reputable wallet software and verify contract addresses before interacting with any token.

Crypto.com includes a standard high-risk investment disclaimer on its Meson Network price page. Store your private keys securely and never share them with anyone. Be cautious of phishing attempts and fake websites. Always verify the official contract address before conducting any transactions. Consider using multiple wallets to diversify risk and keep large holdings in cold storage for maximum security.