Understanding the Distributed Supercomputer Muon Network in One Article

06/03/2023·1years ago

Muon Network is a decentralized oracle network that can execute data requests from any source. The decentralized Muon network is like a distributed supercomputer with a universal operating system. This creates a powerful and secure cloud computing service that can run any application/software and connect to all public blockchains. It is considered a perfect match for blockchain technology and will greatly promote the development of the blockchain economy.

As of 2021, Muon Network has partnered with DAOMake and will conduct an IDO on its platform, which is expected to take place in the first half of 2023.

Looking back at the development of blockchain, the concept of DeFi is gradually maturing, with the most important point being the construction of underlying protocols. After more than 3 years of polishing, the Ethereum public chain has ushered in the outbreak of DeFi. Therefore, for the Web3.0 concept to fully erupt, the construction of underlying protocols is essential. If the underlying protocol for DeFi is the public chain, then the underlying protocols related to Web3.0 are projects such as multi-chain and cross-chain. This article will introduce the content of Muon, a project specifically serving Web3.0's underlying protocol, and its specific IDO information.

Project Introduction

Muon is a global data availability layer that can run Web 2.0 and Web 3.0 applications, including off-chain, on-chain, and cross-chain. As a foundational layer, Muon Network receives and sends information between the real world and the blockchain, creating a fluid DeFi and crypto ecosystem. By providing the critical services needed to make the industry work, Muon Network has entered the rapidly growing blockchain-based industry: secure real-time global data availability and trustless cross-chain communication.

In a simple sentence, the vision of the Muon protocol is to connect all secure, decentralized, and powerful network nodes on the blockchain, and then connect on-chain, off-chain, and cross-chain, enabling any Web 2.0 / Web 3.0 application to run smoothly. In addition, MOUN also serves many other use cases for new projects, such as NFTs, GameFi, DeFi, and many other dApps.

The Muon protocol consists of a large number of nodes that process and sign valuable data as required, and push sensitive data to smart contracts on the blockchain using a secure threshold signature scheme, the integrity of which can be verified. Nodes are required to pre-stake collateral in the Muon smart contract to ensure that malicious behavior is punished. Partners can customize the required security level by selecting the number of nodes to sign and the collateral requirements for signing transactions. It is operated by a global community of node operators, all of whom are incentivized by the Muon token.

The unique advantage of Muon Network lies in its design and feasibility. The Muon team estimates that approximately 80% of effective projects can benefit greatly from interfacing with the platform. It is essentially a market participant like Lambda AWS, enabling decentralized microservices to access any arbitrary information through Muon's global data availability layer, making data or computational resources accessible through the Muon network seamless at the front end. This greatly enhances web3.0 applications, making them both secure and decentralized. Additional plug-and-play modules also make rapid adoption possible, as Muon will be designed for easy integration.

Key Features of Muon Network:

Secure Post-Consensus: In design, Muon looks very similar to a PoS system. However, the core consensus layer is a unique and brand-new system called secure post-consensus. Through adaptive collateral, the protocol can ensure fast execution time while ensuring node consensus can be reached. The keyword is "can," because consensus can be reached even after the transaction is mined. Collateral is dynamic based on transaction value.
Seamless Scalability: The scalability of blockchain is limited due to restrictions or high impact from cross-node state preservation. However, Muon Network is not a chain, nor does it permanently store data, so it can easily scale horizontally without any limitations.
Decentralized Computing: With Muon Network, any Web3.0 program can run advanced, tamper-proof computations (Python, Java, C, C++, Rust, etc.) in its own Muon application container. Nodes running the same application can collaborate to form a decentralized supercomputer. This also makes it possible to create Muon Keepers, which can execute transactions on-chain based on on-chain or off-chain events, creating a secure but highly optimized and automated environment. This is something that current blockchain infrastructure cannot achieve.
Customizable and Cost-Effective: Nodes do not need to run all applications; they can easily choose to join or leave the programs they want to run on their machines. Over time, we will begin to see a division between available node types in the network:
Dedicated Nodes: Nodes running specific applications
General (Ordinary) Nodes: Nodes running (almost) all applications

Therefore, Web3.0 developers can now switch between the trade-offs generated by this configuration: security and speed. Hardware requirements for nodes can also be compared with current software requirements, and each MuonApp can have its own node requirements based on its preferences, of course, there are also obvious "minimum requirements." For example, running Muon Core on your Windows machine, but the actual node requirements will be based on the MuonApps you want to install on your machine, and if you install more MuonApps on your machine, more requests will be generated, ultimately resulting in more Muon transaction fees. More information about the minimum requirements for running Muon nodes, initial MuonApp requirements, and potential updates to the "Muon App Store" will be announced after the token issuance.

Team and Partners

Muon Network is composed of a team of over 30 experienced engineers from around the world. For example, one of the co-founders, Lafayette Tabor, is an experienced engineer in the blockchain and programming fields, as well as the co-founder and project leader of the DEUS Finance protocol, CEO and CTO of Infinite Holding Limited, a metaverse and immersive virtual experience service provider, and an independent cryptocurrency researcher at Bitstamp Bitcoin Exchange.

Currently, Muon has negotiated many cooperative projects and has released multiple versions of the test network, supporting partners to run nodes and deploy projects. Projects currently running on the test network include DEUS, a blockchain DeFi protocol that allows trading of various stocks; NFTD, a cross-chain NFT protocol; FEAR, a game development agency that has already built multiple games on Muon; and the partner for this IDO, DAO Maker, among others.

Economic Model

The $MUON token forms the backbone of the network, aiming to incentivize network participants in the most efficient way and maximize network value, including technical development, marketing/community, and network incentives. Its main practical applications and long-term economic utility are as follows:

Node Operation: To protect the network from potential fraudulent activities, these nodes need to stake a certain amount of $MUON as collateral. When the network becomes public, node operators will be eligible to receive $MUON network rewards as an incentive for maintaining network security and decentralization.
Network Fees: The use of $MUON is similar to other Gas tokens. Users of the Muon network pay fees to node operators to incentivize them to continue validating data on the network.
Liquidity: $MUON will be launched on multiple chains and markets (including CEX and DEX). Listing on DEX will provide users with the opportunity to provide liquidity with their $MUON and receive rewards.
DAO Governance: The future Muon DAO governance structure will be a decentralized initiative to make decisions about the direction of Muon. $MUON holders who hope to have a greater say in the project will be able to contribute to the DAO.

The total supply of $MUON is 1 billion tokens, with the allocation and specific details as follows:

30% (300 million tokens) - Ecosystem Rewards: Used to incentivize node operators and other network activities
19% (190 million tokens) - Development, Projects, and Team: Used for the token supply of development, projects, and the Muon team
17% (170 million tokens) - LP Deposits/Incentives, Market Making, and Staking: Used to incentivize deep trading of $MUON on multiple markets (including centralized and decentralized exchanges) and to incentivize holders to stake
7% (70 million tokens) - Angel Round: Allocated to community presale and other early sales of tokens
9% (90 million tokens) - Marketing and Reserves: Used for funds for information/marketing activities/events + reserve token funds
6% (60 million tokens) - Seed Round: Allocated to early investors who provided initial funding for the project
6% (60 million tokens) - Partners and Advisors: Allocated to selected early project partners and advisors
6% (60 million tokens) - SHO (DAO Maker Community Presale): Used for the token supply of the DAO Maker community presale SHO (Strong Hands Offering).

The total supply of $MUON is vested over 4 years (48 months), with regular unlocks for each allocation. Below is an image introduction and details of the vesting and release schedule for $MUON.

10% of all community investment rounds (seed + angel + SHO) will be unlocked at launch; these will be fully unlocked within 27 months. (This will include the community presale.)
45 million tokens (4.45% of the total supply) will be unlocked at launch. After 4 weeks, this will increase to 74 million (7.4%).
Tokens for development and partners will not be unlocked until 1 year later and will take a full 4 years to fully unlock.

Although the total supply of MUON is theoretically 1 billion, ecosystem incentives for node operators will be released over a long period of time (estimated to be between 4-10 years).

Upcoming IDO on DAO Maker

Muon Network will conduct an IDO on DAO Maker, and this IDO will be in the form of SHO (Strong Holder Offering), which means that only participants who have been rigorously screened and selected will be able to purchase MUON tokens. The total supply of this IDO is 60 million tokens, priced at $0.03 per MUON. This project belongs to the Web3.0+ infrastructure track and aims to achieve cross-chain systems and oracle systems through the construction of an aggregated network, objectively forming a high-quality track and competing with the current infrastructure projects. After the specific IDO date is determined, we will continue to monitor the future price trend of $MUON. If you are interested in learning more about the Muon Network IDO, the following media can help you explore:

Official Website:

https://www.muon.net/

Official Twitter:

https://twitter.com/muon_net

Discord:

https://discord.com/invite/rcK4p8g7Ce

Gitbook:

https://docs.muon.net/muon-network/

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