OKX Jumpstart Lists Meson Network for BTC and ETH Staking Event

Meson Network, a decentralized physical infrastructure network (DePIN) project focused on establishing a streamlined bandwidth marketplace, is poised to debut on OKX Jumpstart. The event is slated to kick off on April 26, 2024, at 6:00 AM (UTC), featuring Meson Network’s native token, MSN.

During the Jumpstart Mining event, OKX users will have the opportunity to stake BTC (Bitcoin) and ETH (Ether) to mine MSN tokens. The event will offer a total of 800,000 MSN tokens, split evenly 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 staking requirement. The mining period will span two days, concluding at 6:00 AM UTC on April 28, 2024.

To participate, users must complete identity verification with OKX. However, individuals from Mainland China, Hong Kong, and Korea are ineligible to join the staking program.

Staking rewards will be calculated in real-time based on the proportion of a user’s staked tokens relative to the total amount staked in the pool. OKX has provided a formula to illustrate this calculation.

Participants retain the flexibility to stake and unstake their BTC or ETH at any time during the mining period. Unstaked tokens will be automatically returned to users' funding accounts within 2 hours after the event concludes if not unstaked prior.

The opening time for trading mined MSN tokens will be announced at a later date.

Meson Network: Empowering DePIN

Meson Network, the driving force behind the MSN token, aims to transform Web3 by establishing a streamlined bandwidth marketplace through blockchain technology. The MSN token serves various critical functions within the Meson ecosystem, including granting users access to bandwidth and big-data services, rewarding miners for contributing server resources, enhancing mining efficiency when staked, and facilitating governance processes such as voting and decision-making.

With a total supply of 100,000,000 tokens, Meson Network seeks to disrupt traditional labor-based sales models in the bandwidth market, offering a more efficient and decentralized alternative. The project envisions an ecosystem where users can exchange their unused bandwidth resources with Meson, creating value and providing flexibility and scalability in bandwidth access for a broader audience. Currently, the network boasts over Network Edge locations, serving 10TBps+ in network capacity with an average latency of 90ms.