Paris, France, April 18, 2024 – Massa Labs, the team behind the Massa blockchain, has announced a series of milestones following their highly successful token sales. The Layer 1 blockchain, which boasts a unique combination of autonomous smart contracts, on-chain web hosting, and a high-throughput architecture, is now listed on Bitget and MEXC exchanges. Simultaneously, Massa has launched its Ethereum bridge and a substantial liquidity incentive program.
Record-breaking token sales and low market cap
Massa's recent DAO Maker sale was 104x oversubscribed, ranking as the third-biggest sale in the platform's history in terms of over $20 million in total commitment. The project's Republic sale also sold out, raising $3 million from more than 1,300 investors. Despite this success, Massa's market capitalization currently stands at approximately $15 million, which is relatively low compared to other layer-1 blockchain projects.
Strong APY and liquidity incentive program
To further incentivize liquidity providers, Massa has allocated 17,000,000 MAS tokens to a six-month liquidity program. Providers can earn rewards through native yield on bridged assets, a seasonal mechanism for on-chain activity, protocol token incentives, and generated fees. The program will initially focus on three key liquidity pools on Dusa Labs, Massa's first DEX. With over 2,000 stakers running full nodes, the Massa community has demonstrated strong commitment and organic activity in just two months since the mainnet launch.
Ethereum Bridge and ecosystem growth
The recently launched Massa Bridge enables seamless asset transfers from Ethereum to the Massa ecosystem, supporting USDC, DAI, and WETH. The bridge employs a multi-sig architecture and smart contracts audited by a leading firm to ensure the security of transferred assets. Massa's ecosystem has seen substantial growth, with millions of blocks processed, more than 200,000 transactions recorded across 30,000 wallets, and significant social media growth in the past year.
Unique technology and automation potential
Massa's unique technological features, including autonomous smart contracts, on-chain web hosting, and a parallel block architecture capable of processing up to 10,000 transactions per second, position the project as an ideal platform for automation across various domains, such as:
DeFi: Automated yield farming, self-adjusting lending and borrowing, autonomous liquidity management, and automated portfolio rebalancing.
Gaming and NFTs: Auto-generating or evolving NFTs, autonomous in-game asset interactions, automated royalty distributions, and cross-game NFT interoperability.
Governance: Automated proposal execution, time-locked actions, continuous voting mechanisms, cross-chain management for DAOs, and automated treasury management.
Payments: Automated subscription services, scheduled and recurring payments, and cross-chain payroll systems for Web3 companies.
Cross-Chain Operations: Automated token swaps, cross-chain DeFi strategies, NFT interoperability, decentralized identity verification, and streamlined DAO governance actions.
Upcoming developments and commitment to decentralization
With a robust ecosystem, strategic partnerships, and a 20 million MAS grant program for developers, Massa offers a solid foundation for further development and adoption. The project has hinted at upcoming releases, including new NFT series, marketplaces, autonomous creatures, and a DNS smart contract enabling users to purchase domain names and link on-chain websites to these domains. Massa remains committed to true decentralization, with 2,000 permissionless nodes on the mainnet, a fair token distribution, and plans for community governance.
For more information about Massa, please visit https://massa.foundation
About Massa Foundation
Massa Foundation is the Swiss Foundation behind the Massa blockchain, a Layer 1 network characterized by its autonomous smart contracts, on-chain web hosting, and high-throughput architecture. The project aims to provide a truly decentralized and scalable platform for the development and deployment of dApps and DeFi solutions.