Mass Network Acquired by Mycelium’s CEO

News and Analysis

Online advertising is a problem as big as the industry itself. However, Mass Network plans to solve this problem by letting users take part in revenue this industry produces, and applying the ancient old saying “If you can’t beat them, join them”.

Mass Network is Blockchain-based project that will help people monetize their browsing data and attention by allowing users to install a plugin that shields them from ads and allows them to set a price for seeing said ad and/or for sharing their browsing data.

The team is currently hosting an Initial Coin Offering period, in which 70% of the total supply (1,000,000,000,000) of MassCoins, a colored coin asset issued on the strongest and most popular blockchain: Bitcoin, will be sold to investors. This ICO will last until the first of December and the distribution will occur on the following day. The 10% investment bonus period has recently been extended until the 1st of November.

While the software and project development is currently ongoing and progressing according to plan, there have been some changes in the leadership of the project.

According to Coremedia, Mycelium CEO, Alexander Kuzmin has recently acquired the project for $1.1 million and committed to further advance its development and reach as the new CEO. No changes will be made to the distribution of MassCoin, but some improvements will be made to the overall project.

Changes to the current website will be made, a new website for webmasters to understand the benefits of Mass and how to leverage those benefits will be opened along with new channels of communication like Slack, Weibo, Telegram, WeChat and a youtube channel. Furthermore, there may also be some new changes to the internal development team and management team.

“My involvement in Mass does not mean Mycelium technologies will have any predetermined preferences compared to any other solutions that can add value to the payment system Mass needs to incorporate. But, of course, I will use all my expertise and connections to improve Mass for those involved directly as well as for the bitcoin community at large.” Alexander Kuzmin said.

The one-time public offering of Mass Сoins will end on December 1, 2016, at 11:59:59 am PST. On December 2, 2016, the one-and-only distribution of Mass Сoins will take place when one trillion indivisible Mass Coins are issued publicly.


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