MASA finance has its name related to the historic impact of maize or corn in the world when their where drought in the land. MASA or maize was the last resort of the people at that time. At this present age of technological advancement, Masa is emerging as transforming Blockchain project that is designed to make life easier and further increase acceptance of web3 technology across the world. This is achievable through it’s well developed Mechanism to keep people’s privacy pseudonymous while having access to web3 economy. Accessing web3 has been through centralized intermediary( service providers). Such intermediary are not reliable and Information entrusted to them are prone to external access. Accessing mobile and web application requires identification of users which is done through single sign on authentication. This process help reduce or avoid repeated authentication process which will is frustrating. Since authentication is always required there is a need to have an intermediary between users and identity provider. Service providers are the intermediary that keeps user Information which is always sent to identity providers anytime users request access to a mobile or web application.
WHAT IS MASA FINANCE
Masa finance is the first Decentralized soulbound identity protocol project that secures users Information from any form of central controlling bodies or unauthorized access to users Information. The goal of the project is to enable web3 unique identity of every users across the globe. This will help users to have access to various product on the web3 economy. Every user or participant is granted the privilege to mint their soul name which is their domain name. Soulbound identity and soul name will grant users access to ecosystem utility such as authentication, proof of participation soulbound lending, souldrop, one-click NFT, community reputation score and many more. soul name (domain name) is tradable on opensea. Masa and it’s interesting features is set to bring a billion people to web3 ecosystem. Masa finance is built on the basis of allowing everyone an easy access to benefit associated to web3 economy. In order to realize this great idea, Masa finance was birthed to bring this dream and idea to realization. Since the inception of Blockchain, Decentralization has become a welcomed advancement for liberalization. The quest to be in control of one’s asset brought Decentralization to the fore front. However there are some shortcomings that need to be addressed such as means of identification . A unique identity that is non transferable with which an individual can be represented while keeping the privacy of the user pseudonymous is required.
PROBLEM WITH CENTRALIZED PROVIDERS
For years , people have depended on centralized providers to access mobile and web application. This intermediaries (centralized providers ) are not trustworthy as personal information entrusted to them are used without owners consent or subject to cyber attack.
MASSA SOLUTION
Masa finance is designed to help people all over the world have access to web3 product through their soulbound identity and soul name. This will enable billions of people( both users and developers) have access to capital ONCHAIN through their soulbound token . The soulbound token contains information about the user which encrypted which can only be accessed by permission from the owner. With this opportunity to have access to different web3 product and while one’s personal information is kept intact makes Masa finance unique and exceptionally special. This is a great way to experiencing the true Decentralization ever yearned for. Masa SBT will be used as single sign on to access mobile and web application and social media applications. Unlike centralized system that keeps Information on a central storage system, Masa finance operates on a Decentralized system. Developers and users are rest assured on the security level of their information.
MASSA BENEFITS.
Masa finance benefits are numerous , only few of it’s benefit will be discussed:
DeFi loans(You can have access to loans through through your soulbound identity . Decentralized finance loans will be granted base on the fact that you have web3 identity. Through SBT lenders and borrowers are rest assured on the security of their operation. ) ,GameFi Applications, Web3 KYC and ID Verification ,Soulbound Token Single Sign-On, Soulbound Airdrops , One-Click NFT Whitelist Registration, Proof-of-Identity for DAO governance voting, Masa Green (Proof-of-Uniqueness for Sybil attack prevention)
MASA TESTNET AND MAINNET
MASSA has undergone series of testing to ensure the proper working of the system and to be the most reliable , dependable, secured , transparent and trustworthy first Decentralized soulbound identity project . Masa TESTNET is held on Ethereum Goerli Testnet.
MASA MAINNET WILL BE LUNCHED ON ETHEREUM MAINNET ON JANUARY 17th 2023
How to use SBT SSO(SINGLE SIGN ON) on MASA
Connect Metamask account
Sign up by connecting your wallet and signing to authenticate
Claim your .soul name (an SBT name that links to your Masa Identity)
Mint a Masa Soulbound Identity SBT
The user is now logged into the Masa application using decentralized Single Sign-On
Mint and connect a web3 wallet to generate a web3 credit score SBT,
Access a variety of financial services built on Masa
MASA DEVELOPMENT TOOLS
Masa development tools is available on MASA for every developers who wants to mint SBT.
USEFUL LINK
Website: https://www.masa.finance/
Twitter: https://twitter.com/getmasafi
Medium: https://https//masafinance.medium.com
Telegram : https://t.me/masafinance
GitHub: https://github.com/masa-finance
Discord: https://discord.gg/HyHGaKhaKs
Reddit: https://www.reddit.com/r/MasaFinance/
WRITER’S INFORMATION
Bitcointalk Username: forever101
Profile link : https://bitcointalk.org/index.php?action=profile;u=3485510
Proof of authentication: https://bitcointalk.org/index.php?topic=5430758.msg61549327#msg61549327
WALLET address: 0x5C3ba341c60d34D544f6819887b07Ce0013c58Be