Smart Chain Investment Research Institute — Briefing on CoinList’s new project Meson Network

DePIN project Meson Network announced on the X platform that it has completed a new round of strategic financing led by Presto Labs, with a valuation of US$1 billion. The specific amount of financing was not disclosed.

Meson Network says it focuses on DePIN+AI. As previously reported, CoinList issued a statement stating that the DePIN project Meson will launch a public sale of MSN tokens on CoinList on February 9, 2024.

Meson’s native token is called MSN. The token sale will begin at 18:00 UTC on February 8, 2024, with the following details:

Quantity: 2,500,000 MSN tokens, accounting for 2.5% of the total supply.

Price: US$1.75/piece

Locking period: 1/6 will be unlocked around March 15, 2024, and the remaining tokens will be unlocked every month within 6 months.

Initial purchase limit: minimum $50, maximum $3,000, USDT, USDC only.

As the incentive and governance token of Meson Network, the total supply of MSN is 100, 000, 000

Meson Network focuses on DePIN+AI and aims to create a decentralized physical network authorized by people. Meson Network "DePIN" nodes are developed using user-friendly technology and can accommodate various hardware, such as personal laptops, servers, and IoT devices. etc.

Utilizing the idle bandwidth of these network nodes, Meson establishes an economic cycle that connects idle resources with business needs. Its vision is to become the cornerstone of decentralized storage, computing, and even the thriving Web3 Dapp ecosystem.