1 Bandwidth is the foundation of everything, including Depin and AI
Bandwidth represents the data transmission capacity, which is the connection capability of the network. From a practical perspective, bandwidth can be thought of as a highway, a highway connecting two cities. If the highway is open, everything goes very smoothly. If the highway is congested, transportation problems between the two cities will occur, the travel time will be lengthened, and the efficiency will become low. Some fruits and vegetables go bad on the road.
In the network, bandwidth is the highway connecting computers, computing power, data centers, and personal computers. Whether it is the existing Internet or the Internet of Things, bandwidth is the foundation. Many people's stereotypes believe that bandwidth is something of the traditional Internet, which is far away from our market situation. In fact, this idea is very wrong. Because in our blockchain world, bandwidth is also extremely important. We can look at several use cases of Meson:
One hundred thousand decentralized nodes on the Meson network gather strength to provide high-availability Arbitrum decentralized RPC services. Helps Arbitrum become more decentralized, improve speed and data privacy.
Meson dCDN powers Arweave to reduce the load requirements on the Arweave gateway, and the decentralized network can be cached closer to the user to shorten the user's request speed from the original site. Solve the problem of small images taking too long to load.
BNB Chain has huge transaction data, and the entire network takes about 20 hours to synchronize snapshots. After taking advantage of Meson Network's global node distribution, BNB Chain is significantly shortened to 1 hour.
2 Basis for AI development
Because OpenAI’s GPT came out of the blue, it shocked everyone. AI has become the focus of human development as a whole. We know that AI is realized through massive data + algorithms. OpenAI and Google's AI have captured the most important data on the existing Internet. To achieve another order-of-magnitude improvement at the data level, we need to obtain data from the physical world. Depin can provide AI to provide data in the physical world. Depin, which uses blockchain technology, has a lot of overlap with the Internet of Things. Regardless of whether the project that collects physical world data uses blockchain technology, it requires decentralized bandwidth services. Because the physical world is distributed over a wide area and is not concentrated in data centers like the Internet. Then the bandwidth distributed in various places can meet the transmission of data.
3 Meson Introduction Meson is a new force in Depin, aiming to build a decentralized bandwidth network. It has 350,000 nodes in 150 countries/regions, achieving a bandwidth capacity of more than 20 Tb/s. Users include Filecoin, Arweave, Arbitrum, Greenfield, OKX chain, BNB chain and other well-known projects.
Meson nodes are very friendly to ordinary users and accept a variety of existing hardware such as PCs, servers, and IoT devices. The key point is that unlike other Depin projects, you do not need to purchase a mining machine first, which greatly reduces the user's investment cost. This allows Meson to quickly grow bigger and stronger, gathering long-tail resources of bandwidth to help fields such as AI, big data, and Depin.
Analyzing the Meson product line
GateWay X Gateway X is a gateway service provided by Meson Cloud Services, which can act as a bridge between Web3 and traditional Web2. GateWay mainly brings together bandwidth providers with certain strength, including
constant bandwidth users
Static IP for home users
IoT device owners
Dedicated server owner
IDC server (company/organization/school) owner.
Compared with GAGA, GateWay X is more of a stable, professional, and relatively powerful bandwidth provider. In fact, it uses the spare resources of these suppliers, or the resources that are idle at a specific time.
GaGaNode GaGaNode was developed to help users independently control idle home bandwidth resources. Users do not need a public IP and can participate in the Web3 network through Idle Electronics at home. Users run GaGaNode's node software on Mac, Linux, Windows, Android, TV BOX and Raspberry Pi. Different from other network Depin projects, users do not need to purchase mining machines like Helium, and there is no need for early investment, which greatly reduces users’ participation costs. It can be seen that Meson has spent a lot of effort in this area in order to add idle long-tail bandwidth resources.
IPCOLA If GateWay X and GaGaNode are used to collect IP and bandwidth resources, IPCOLA is responsible for profitability. IPCola is a customizable big data solution. It can provide data product support for static IP and dynamic IP. According to information disclosed by Meson Network team members, although IP Cola is still far away from the annual revenue of over 100 million US dollars of traditional companies such as Brightdata, it has grown rapidly, with overall revenue exceeding one million US dollars in the six months since its launch.
4 Meson Current Situation
According to the official data panel, GateWay X, which represents a professional bandwidth provider, currently has 32,000 nodes and 127,000 GaGaNode nodes. There are more than 100,000 nodes from 150 countries active every day. The bandwidth capacity of GataWay X is 21.5T/s. We know that the speed of ordinary home Internet is usually between tens of Mbps and hundreds of Mbps. 21.5 Tbps is tens of thousands of times faster than this speed. Such bandwidth can support thousands of high-demand applications at the same time, such as large-scale cloud computing, high-performance computing, big data analysis, etc. Meson's bandwidth has now reached 1/10 of Akamai Technologies, the world's largest distributed computing company.
From the perspective of geographical distribution, the largest supplier of GateWay X bandwidth comes from Europe, with the number of nodes reaching 18,000, accounting for 56%, and the bandwidth capacity as high as 16.1T/s, accounting for 75%. Therefore, Europe accounts for the absolute majority, followed by North America and Asia, and Africa accounts for the smallest proportion.
5 Meson project benchmarking and prospects
The bandwidth market Meson is involved in is huge, worth billions of dollars every year, and growing rapidly, with an annual growth rate of about 12%. The explosive growth of AI has driven bandwidth market demand, and developers' needs for data retrieval and crawling have surged.
There are already mature and large-scale enterprises in the traditional centralized bandwidth market, which are divided into:
Focusing on enterprise-level bandwidth Cisco/Akamai Technologies, etc.
Focusing on home bandwidth Brightdata (annual revenue disclosed in 2023 will exceed US$100 million)
In the decentralized bandwidth market, in addition to Meson, another benchmark project is Grass led by Polychain: Meson
Covers enterprise nodes (32,000)/personal nodes (127,000)
The test network has been running stably for more than two years, and the mainnet will be launched soon.
Already have revenue (a million US dollars in the first 6 months)
There are mature cooperation cases for Web 2 and Web 3 (mentioned above) Grass
More than 80,000 personal nodes (calculated based on desktop browser downloads)
The testnet was just launched in June (but the community response is not very stable yet)
No revenue at the moment
A few Web 3 cooperation cases such as Saga mobile on Solana
Meson occupies the first-mover advantage in the decentralized market and has successfully bundled a large amount of bandwidth resources through the token economy. Meson is more efficient than the cold-start bandwidth resources required by centralized enterprises. Currently, Meson has achieved profitability, demonstrating the feasibility of its business model. In the next few months, the competition between Meson and Grass and Meson's revenue performance are worthy of attention.
6 Token Economics
The supply of MSN is 100 million, and the specific distribution is as follows
Private sale: 26,000,000 MSN (26%)
- After TGE, monthly linear unlocking lasts for 12-36 months.
Public community sale: 5,000,000 MSN (5%)
- After TGE, it is unlocked linearly every month for 6 months.
Ecosystem: 27,000,000 MSN (27%)
- It is fully locked after TGE and will be unlocked linearly every month for 8 years.
Reserved by the Foundation: 20,000,000 MSN (20%)
- It is fully locked after TGE and will be unlocked linearly every month for 8 years.
Technical team: 15,000,000 MSN (15%)
- It is fully locked after TGE and will be unlocked linearly every month for 8 years starting from the 6th month after TGE.
Partners: 6,000,000 MSN (6%)
- Fully locked after TGE and will be unlocked linearly every month for 6 years.
Testnet mapping: 1,000,000 MSN (1%)
- Circulates directly after TGE.
Since the release of chips from the private placement sale is not very specific, it is difficult to estimate. So we expect the initial circulation to be around 5%.
MSN will inflate every year to reward miners, 5% in the first year, 4.5% in the second year, 4% in the third year, and so on until the end of the 10th year.
MSN features:
The MSN token gives users access to bandwidth and big data services that were previously only available to large companies like Google and Akamai.
As a reward for Meson network miners.
Miners pledge MSN to increase rewards
Meson’s governance decisions
