What Is Meson Network (MSN)?

Cryptocurrencies
What Is Meson Network (MSN)?

Meson Network (MSN) is a Decentralized Physical Infrastructure Network (DePIN) platform that enables individuals and businesses to trade surplus bandwidth for MSN tokens. Unlike traditional data storage vendors where large, centralized companies control the infrastructure and dictate the terms of service, Menson Network seeks to democratize data storage and bandwidth management.

By leveraging blockchain technology, Meson Network consolidates, monetizes and distributes idle bandwidth between its users, creating a decentralized and fair ecosystem. By doing so, bandwidth resources are utilized efficiently, providing equal opportunities for all participants and reducing reliance on centralized infrastructure. The MSN token, incentivizing participation by rewarding users who contribute their surplus bandwidth to the network, thus ensuring active and sustained engagement.

Who Created Meson Network?

Meson Network is based in Singapore and founded in 2020 by Leo Li and Sherlock Shi.

Sherlock Shi: Sherlock Shi is the co-founder and CEO of Meson Network. He holds a Bachelor’s degree in Information and Calculation Science from Zhejiang University of Finance and Economics. Prior to founding Meson, Sherlock was an Engineer and Project Manager at 8BTC. With a strong background in blockchain technology, Sherlock 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: As a co-founder and CTO of Meson Network, Leo Li 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.

Meson Network has received substantial investments, raising $3.5M in funding from leading venture capital firms and blockchain investors, including names such as Libertus, Mask Network, Digital Currency Group, YouBi Capital, Hashkey Capital and more.

How Does Meson Network Work?

To understand how the Meson Network works, we must first understand bandwidth. Bandwidth refers to the amount of data that can be transmitted over a network in a given amount of time.

Traditionally, large, centralized companies with hefty investments into data centers and physical servers manage bandwidth. These companies set the market price and terms of service, which others have to abide by in order to use their services. Ultimately leading to high costs, underutilized resources and limited access.

Meson Network’s bottom-up approach to data storage and bandwidth management

Meson Network treats bandwidth as a valuable resource that can be traded and monetized peer-to-peer between users. This allows users to efficiently utilize their idle and surplus bandwidth, creating a decentralized and fair ecosystem for data storage and transfer. These are the features that make it unique:

  1. Decentralized bandwidth trading:

    Meson Network enables 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.

  2. Data sharding:

    Meson 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.

  3. Proof of Storage:

    The Proof of Storage consensus mechanism ensures data integrity across the network. Nodes must prove they are correctly storing data, adding an extra layer of security and reliability to the network.

What problems does Meson Network solve?

  • Breaking data storage monopolies:

    The market for content acceleration services is dominated by giants like AWS and Cloudflare. These companies control prices and profit from a near-monopoly. Meson Network breaks this monopoly by providing a standardized protocol for connecting bandwidth resources and unlocking value from underutilized bandwidth.

  • Finding new uses for underutilized servers:

    Many developers, schools, and enterprises have underutilized general-purpose servers. Meson Network allows these resources to be monetized through a simple deployment process, reducing costs and enabling users to benefit from their existing infrastructure.

  • Enabling 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.

How can different stakeholders make use of Meson Network?

  • Businesses

Solution: Meson Network provides scalable and secure storage solutions, reducing risks associated with data breaches and downtime.

Example: A mid-sized tech company can leverage Meson Network’s decentralized infrastructure to store and manage large volumes of data more securely and cost-effectively than traditional centralized services.

  • Developers

Solution: Meson Network offers a robust environment for developing decentralized applications (dApps) that require reliable data storage.

Example: A blockchain developer can build a dApp on Meson Network, benefiting from its enhanced security, lower costs, and efficient data management.

  • Educational Institutions

Solution: Meson Network enables educational institutions to utilize their underused server capacities, turning idle resources into a source of revenue.

Example: A university can deploy Meson Network’s protocol on its servers, allowing it to monetize unused bandwidth and storage capacity, thereby reducing operational costs.

  • Small Businesses and Merchants

Solution: Meson Network aggregates smaller users, making their resources attractive to larger players without hefty manpower costs with MSN token as incentive.

Example: A small e-commerce business can join the Meson Network, leveraging its surplus bandwidth to earn MSN tokens and gaining access to more efficient and cost-effective data services.

Future Plans

Meson Network has ambitious plans to expand its capabilities and enhance its user experience. The roadmap includes several key milestones:

  • Mainnet-2.0: EVM-Compatible Bridges (2024): Meson Network aims to support various EVM-compatible chains, lowering the threshold for users to access the network. Part of these plans include integrating distributed home nodes to complement the network's existing infrastructure, enhancing decentralization and usability.

  • Bandwidth Exchange (2024): Meson Network plans to launch a bandwidth exchange with both spot and derivative markets, allowing users to trade bandwidth resources more dynamically, providing more flexibility and opportunities within the network.

  • Mainnet-3.0: Meson Blockchain (2025): The Meson Blockchain will launch with a sustainable ecosystem, onboarding developers, cloud service providers, telecom companies, and data centers. The focus will be on serving images, short and long videos, live streaming, downloading, and gaming applications.

MSN Tokenomics

MSN serves as an incentive and governance token in the Meson Network with four primary functions:

  • Reward for Miners:

    MSN tokens are awarded to miners who contribute to server resources for the network's infrastructure, incentivizing users to provide the necessary computational power and bandwidth.

  • Staking:

    Miners can stake MSN tokens to enhance their mining efficiency, allowing them to earn greater rewards for their contributions. Staking improves efficiency by providing miners with prioritized access to mining opportunities and potentially lowering operational costs through optimized resource allocation.

  • Pay for Services:

    Users utilize MSN tokens to pay for various services within the Meson ecosystem such as additional bandwidth or data storage.

  • Governance:

    Token holders have voting rights, enabling them to participate in decision-making processes regarding protocol developments and modifications.

Token Distribution

The initial supply of MSN is 100 million tokens, which were distributed as follows:

  • Jumpstart: 0.80%

  • Airdrop: 2.20%

  • Public Sales: 5.00%

  • Partners: 6.00%

  • Technical Team: 15.00%

  • Foundation Reserves: 20.00%

  • Ecosystem: 25.00%

  • Investors: 26.00%

Read more about MSN Tokenomics.

Market Capitalization

As of 24 July 2024, the market capitalization of MSN tokens is approximately $42,890,356 USD.

Should You Trade MSN?

Not sure if you should start trading MSN tokens? Let’s explore its potential.

Why Trade MSN?

  • Growing Demand for Decentralized Data Services:

    The demand for decentralized data storage is expected to grow significantly. A report by Markets and Markets suggests that cloud storage is expected to grow from USD 99.2 billion in 2023 to USD 234 billion by 2028 at a CAGR of 18.8%. Investors or traders who believe in the growth of decentralized, cloud-based data storage services might find the MSN token to be a promising asset.

  • Monetize Idle Bandwidth:

    Meson Network's unique approach to monetizing idle bandwidth sets it apart from traditional data storage solutions. By allowing peer-to-peer trading of bandwidth, Meson Network creates a new market for a previously underutilized and unmonetized resource for the average user. Such a model can potentially attract a wide range of users, increasing the network's value and, consequently, the value of MSN tokens.

  • Continuous Demand Integrated into the Network:

    MSN tokens are integral to the functioning of the Meson Network. They are used to pay for storage services, reward users for contributing bandwidth, and facilitate transactions within the network. The strong utility ensures a steady demand for the tokens, which can support their value as the network grows over time.

  • Drives User Activity with Participation Rewards:

    The Meson Network’s tokenomics are designed to incentivize participation. Users earn MSN tokens by contributing their surplus bandwidth, ensuring that the network remains robust and efficient. The incentive structure can lead to a growing and engaged user base, further driving demand for MSN tokens.

Why Not to Trade MSN?

  • Competition:

    The market for decentralized storage and bandwidth solutions is competitive. While Meson Network has unique features, it faces competition from other blockchain projects and even established centralized data storage players. The success of competing projects could affect Meson Network’s market position and the value of MSN tokens.

  • Lack of Certainty Regarding Network Adoption:

    The value of MSN tokens is closely tied to the adoption and growth of the Meson Network. If the network fails to attract a sufficient number of users or if adoption grows more slowly than expected, it could negatively impact the value of the tokens.

  • Limited Accessibility:

    Currently, only servers can join the network, preventing individual users from participating directly. This limitation can hinder the network's growth and accessibility, potentially affecting the value of MSN tokens.

Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with significant risk of loss due to its high price volatility, and is not suitable for all investors.