OKX Jumpstart Lists Meson Network for BTC and ETH Staking Event

Meson Network, a decentralized physical infrastructure network (DePIN) project working to establish an optimized bandwidth marketplace, will launch on OKX Jumpstart. He event is scheduled to begin on April 26, 2024 at 6:00 am (UTC), with Meson Network's native token, MSN.

The event will allow OKX users to stake btc (bitcoin) and eth (Ether) to mine MSN tokens in exchange.

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Presenting twitter.com/search?q=%24MSN&src=ctag&ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>$MSN twitter.com/NetworkMeson?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>@RedMeson in twitter.com/hashtag/OKX?src=hash&ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>#OKX Good start!

Add your twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>$eth either twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>$btc to the betting pools to mine twitter.com/search?q=%24MSN&src=ctag&ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>$MSN.

Terms and conditions apply.

Participate on April 26 at 06:00 am (UTC): https://t.co/R931E7GKZY pic.twitter.com/qMNd8NouHb

-OKX (@okx) twitter.com/okx/status/1783377519120404837?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>April 25, 2024

The Jumpstart Mining event will offer a total of 800,000 MSN tokens, evenly distributed between two staking pools: 400,000 MSN in the btc pool and 400,000 MSN in the eth pool. Participants can stake up to 0.3 btc or 3.5 eth per person, with no minimum stake requirement. The mining period will last two days and will end at 6:00 am UTC on April 28, 2024.

To participate, users must complete identity verification with OKX. However, users from mainland China, Hong Kong and Korea cannot join the betting program.

Staking rewards are calculated in real-time based on the ratio of a user's staked tokens to the total amount staked in the pool. OKX details this calculation based on the following formula:

“If a user has staked 0.1 btc, the total amount of btc staked at that time is 1,000, and the number of tokens released per minute is 10,000, then the user's per-minute rewards would be calculated as follows: Rewards per user minute = (0.1 / 1,000) * 10,000 = 1 (token)”.

Users can stake and withdraw their btc or eth at any time during the mining period. If users do not withdraw their stake before the end of the event, their staked tokens will be automatically returned to their funding account within 2 hours of the event's conclusion. The opening time for trading mined MSN tokens will be announced later.

Meson Network: DePIN empowered by people

Meson Network, the project behind the MSN token, aims to revolutionize Web3 by establishing an optimized bandwidth marketplace through a blockchain protocol. The MSN token serves four key functions within the Meson ecosystem:

1. Empower users to access bandwidth and big data services
2. Reward miners who contribute server resources to the network
3. Increase mining efficiency when miners stake
4. Facilitate governance processes, such as voting and decision-making.

With a total supply of 100,000,000 tokens, Meson Network seeks to replace traditional labor-based sales models in the bandwidth market, offering a more efficient and decentralized alternative.

The project envisions building an ecosystem for users to exchange their unused bandwidth resources with Meson, creating value and providing flexibility and scalability in bandwidth access for more people. The network currently has Network Edge locations offering over 10 TBps of network capacity with an average latency of 90 ms.

Disclosure: Some investors in crypto Briefing are also investors in Sanctor Capital.