The 1 billion valuation project is unearthed from the dog line MESON Network.

Author: Climber, Bitchain Vision Realm

On August 7, OKX officially announced that it would be removed from the Meson Network project token MSN.After the announcement was issued, the community was discussing. Most of them asked why it was online for more than three months and the valuation of up to $ 1 billion after the OKX Jumpstart was online.

In the face of doubts, OKX officially said that the exchanges off the tokens or transactions after the platform was comprehensively evaluated by the platform according to multiple factors.In this regard, Sherlock SHI CEO Sherlock SHI responded that the company would continue to work hard to comply with OKX requirements and plan to launch its own chain in the future.

After the tokens plummeted, Meson Network still said that it continues to develop

On August 7, OKX announced that it would officially go offline on August 9th MSN/USDT, OMN/USDT and other transactions.On April 26th, more than three months ago, Okx Jumpstart launched the new mining project Meson Network (MSN).

However, the tokens of the project performed less satisfactory.On April 29th, the MESON Network project tokens was touched at the highest touches of $ 10 after launching the exchange, but fell quickly to nearly $ 3.Since then, it has fallen to nearly $ 0.2.

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After OKX’s announcement was issued, MSN plunged 34%in a short time.As of the writing, the price of MSN was only $ 0.11, a distance of more than 99%from the highest point.

At the same time, the announcement also caused heated discussion in the community.Some people have questioned that OKX has not strictly closed, and randomly online and offline projects have caused investors to lose money. Some people say that Meson Network is ugly after a large amount of financing.

Regarding the above -mentioned questions, OKX officially responded that the exit of the tokens or transactions is a regular standard procedure for OKX to protect users and ensure the high standards of the project.The delisting decision of some currencies is the result of continuous monitoring of multiple factors, including risk assessment, liquidity consideration, development activities, overall transaction performance, and supervision environment.This decision was made after careful discussion with their compliance, products, listing and market monitoring teams.

MESON Network responded to OKX’s removal announcement and the recent community’s Fud, which said that it would not succumb to external pressure and interference, and will still adhere to its beliefs for a long time.

Sherlock Shi, CEO of Meson Network, also posted that the company will continue to work hard to achieve the goals and comply with OKX requirements, although OKX’s decision is frustrated.At the same time, he also explained several key aspects of the company:

· Meson Network’s core business is the operating bandwidth market, providing dynamic/static IP agency services for customers who need agency services;

· The company’s customers are mainly from the Internet field, and their demand is not easy to be affected by the price of the tokens;

· Choose the token model to provide a smoother experience and more convenient resource acquisition method;

· The company is developing its own chain to meet market demand;

· The company has found the product market that is based on residential IP products. In the future, it will focus on increasing the number of nodes and expanding the income scale of these products;

· In addition, plan to launch its own chain (EPIC: MESON-3.0).

Reasons for the reason for getting off the shelves: The founder of the community blindly guess the founder, and the project party only cares about shipping inaction

MESON Network is a project dedicated to creating an efficient bandwidth market on Web3. It aims to use the blockchain protocol model to replace the traditional labor -based sales model.The goal of the project is to integrate the user’s idle bandwidth and monetize it.

MESON Network’s DEPIN node is developed with user -friendly technology, which can accommodate various hardware, such as personal laptops, servers, and IoT devices.With the idle bandwidth of these network nodes, Meson established an economic cycle that connects free resources with business needs.MESON Network is the data transmission basis of decentralized storage, computing, and the emerging Web3 DApp ecosystem.

In terms of project financing, Meson completed a total of 4 rounds of financing. In 2024, MESON completed two rounds of strategic financing, with a total valuation of up to $ 1 billion.There are many well -known institutions behind it, such as OKX Ventures, DCG, Hashkey Capital, etc.

Many research institutions believe that Meson Network has two popular narratives of AI and DEPIN, and it will have great development potential in the future.However, the actual situation is that the tokens of the star project have encountered a rare short life cycle.Regarding the reason for the removal of it, neither OKX or Meson Network project party himself did not give a clear reason.However, many senior members of the community still give their own opinions.

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KOL@Ab Kuai.dong posted a statement saying that after the MESON Network founder, the founder of Meson Network began to be unwilling to contact the community, and as the project valuation increased, it sold it.The most strange thing is that everyone, including exchanges, can’t reach him.

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KOL@CXPITTER4 believes that Meson Network does not do the biggest reason. The project party did not conduct market maintenance transactions during the MSN continuous decline, and did not even communicate with the community to solve the problem.

Another community member@Wnghil887577 directly pointed out that it was shipped by the MESON Network project party, otherwise it would be almost zero.Most of the points for pre -sale buying are $ 1.75, so there is no profit at all.OKX was removed from the project that the project party had been shipped without the bottom line.

A deep participant and investor of a Meson Network@0xcannn cried that he started buying from $ 1 and invested more than $ 21,000 in the project, but his losses are currently more than 85%.He said that he has been engaged in the cryptocurrency industry for 7 years, and has never experienced such a big decline in any project in any project, and never regrets his investment as he is now.

In addition, he also said that he ranked among the top 700 in the project test network, but the project party gave him 14 MSN as a reward.Even in the main network, he runs more than 30 VPS, but he has not even accumulated a MSN that has accumulated in the past few months.

Such projects have not made progress, no AMA is organized for publicity, and there is no emergency repurchase to protect the value of the project, which makes this project look like a joke.

summary

Meson Network, which once had two popular narrative concepts of AI and DEPIN, gave investors a great faith, but with OKX’s removal declaration, Meson Network has also become a typical representative of the first good cards.Although the project’s official and its CEO strongly stated that the project will continue to work to meet the listing requirements of OKX, it is obviously difficult to restore the confidence of investors.Of course, if Meson Network can smooth the losses of investors, there seems to be a little hope.

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