Sounds like an interesting concept, however the name MASS has been used in the past and has a negative image surrounding it. I would like to know whether escrow will be used for the pre-ICO and ICO? And is there a 100% payout of stakes to token holders, or is a certain % of revenue reserved for the crew?
From our FAQ (
https://mass.cloud/faq):
Isn't there already a MASS Token/Crypto?
There was awhile ago that was abandoned by the creators before it even hit exchanges. We are not related to that project whatsoever.
Also from our FAQ:
Is there an escrow agent for this? If so who is your escrow agent?
The code to the Smartcontracts acts as our escrow agent, no offense to people who are escrow agents, but we would rather trust in the blockchain and emotionless code. The contract handles all of this automatically.
As far as your other question, as the White Paper states, 10% of mass will be given to the MASS Cloud Ltd. and locked for 1 year, also 10% of all Ethereum raised will be given to MASS Cloud Ltd. to be used for operational expenses, infrastructure, and future development. After the first year the 10% share of MASS will unlock, and be used to further "pay the bills". All fees accrued in the system are paid for from *OUR* funds (The ETH and then the MASS), MASS Cloud Ltd. does not receive *ANYTHING EXTRA*, we are exactly like all of the other MASS holders when it comes to staking/rewards. What that means is your share of MASS represents 100% of the pool of assets inside MASS as far as staking goes (we just happen to also own some).
Hopefully this helps answer your questions!
In the topic it's written: 12 July 2017, pre-sale.
But the topic started 17 July 2017.
You've meant that you'll give the info on 12 July about pre-sale or what?
Correct, the pre-sale is already started. We started the pre-sale in order to reward the people who have been around the project since day 1. This meant we started the pre-sale with basically zero advertising and only just word of mouth from people who caught wind of the project and have been following it. We wanted those people to be able to get into the pre-sale without any worry of missing out because of that.
Right now is the time we begin our marketing campaigns (bitcointalk ANN, advertising on sites etc), without much advertising the word of mouth has raised nearly 50% of the pre-sale cap in just 5 days.
Hopefully that makes sense.
What does it give?
MASS is an easy way for anyone to gain exposure to a distributed set proof of stake and Masternode coins while giving the option for a daily payout from staking into our smart contract in ETH.
Basically instead of having to follow all of the various PoS and Masternode coins, secure your wallets, set up Masternodes, keep your computers on 24/7, we make it so holders of MASS can stake a proportional share in a distributed pool of them, with the click of a button. Earnings for staking are paid out daily, in ETH to start, once the project goes live shortly after stakers will be able to choose what coins they are paid out in.
Hopefully this clarifies things.
Wherever Jamshoot is it is a scam.
We hired Jamal to handle the bounties etc, if you have issues with Jamal you should probably take them up with him and not project your illogical views that any project that hires someone to do bounty support is a scam, where we come from that is called 'jumping to conclusions'. Come in and have a chat with us in Telegram, I suspect we can turn your illogical views around.
https://t.me/MASSTokenThe phrase don't judge a book by its cover applies here, don't judge a project by the person it hires on bitcointalk to run bounties.
Please read the White Paper, and the FAQ, come and talk with us, before throwing out blanket statements.
Thanks!
