A Concept of Masa Finance
Until now, Masa has been the only Soulbound Token (SBT) Identity Protocol in existence. With the use of a protocol-level abstraction, Masa is able to fully handle SBTs and the data associated with them, and SBTs are used to represent users' qualities on web3 and in the real world.
The Masa Protocol provides the skeleton for an identity management layer on the web3 that can store any information about a person, whether it's stored in the real world or online.
The MASA Finance — performing more — the SBT becomes something like humanity passport, the online karma, MASA In a variety of use situations, non-fungible tokens can serve as a web3 user's identity:
What is the goal the project?
We thing that the main goal is to attract billions of users to the web3.
This is achieved by best identifying web3, where applications are built to establish their own image in the crypto-space in a standardized, composite, and privacy-preserving manner.
By the way, Masa Finance is successfully closing one of these problems:
- Web3 login using a single sign-on
- Verification of creditworthiness to get high-quality financial products
- Reputation staking for networks of mutual credit
- Identity verification for Souldrop (Soulbound airdrop) to stop a Sybil attack
- Proof of identity for voting on DAO governance
Say "Hello" to revolutional features in Masa Finance
Masa Soulbound Identity owners can connect their data attributes via web3 and web2, get a web3 credit report, and apply for a Soulbound pool loan based on Teller.
Teller's DeFi lending platform will connect Masa Soulbound Identity owners with lenders online, match offers and requests, and facilitate loan transactions between borrowers and lenders. Users' payment history will be put into their Masa Soulbound Identity, web3 credit record, and raise their online creditworthiness over time.
The Soulbound Credit Pool is a ground-breaking method of opening access to finance based on a distinct online identity. The overall objective is to assist billions of crypto fans in developing a unique online identity and using it to gain access to credit and cash. Soulbound Lending dismantles preconceptions and barriers in conventional lending and gives customers the tools they need to progressively build up their credit histories online.
What can you do now?
Right now, Masa is using the Goerly ETH testnet. By visiting to the website, we can register any free name. Downloading the Metamask wallet and obtaining test tokens to validate the transaction are necessary in order to obtain the name.
After this we’l can to join Soulbound Lending Pool Waitlist. Currently, 174k+ soulnames have been claimed. All test network users will have early access to the main network. After the launch of the main network, Masa Finance will give an airdrop to the first 50k users who claim a name.
How to claim your .soul name
1. Go to https://beta.claimyoursoul.masa.finance/
2. Connect your wallet and authenticate
3. Claim your unique .soul name
For complete information about Bug Bounty and eligibility, visit the Bug Bounty repository on GitHub here.
Post your problem or Pull Request to the correct GitHub repository - if it is a general problem not related to the public codebase - such as an infrastructure vulnerability, please post it to the Bug Bounty repository.
To get the reward, you must submit the bug using the template in the Masa Bug Bounty repository.
If you are a developer who wants to build a system based on Masa, submit your project information here.
Our thoughts
Our team really likes the project and its prospects. We honestly share its mission and values. We think it can be viewed as a project with a long term perspectiveThe team has cool experience and very strong partnerships going forward.
So please join on Masa Discord, don't miss out on the mainnet and airdop ;)
Masa Mainnet will go live on January 17th, 2023!
Most likely the testnet phase will also be open and you can continue node running in Q1 2023. Don't miss it!
Read More about Masa Finance on Tech Flow there
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