Greetings Masarians!

Welcome to the first installment of the Masari Update series. It has been an exciting two weeks for MSR so let’s cover some of the happenings.

Rebrand

The Masari community came together to produce and vote on new logo concepts. There were some great submissions but in the end a logo created by Dink captured 60% of the vote. It is:

The new logo pays homage to Masari’s roots in Monero while providing a modern aesthetic that appeals to all. The logo also represents the evolution of the project through community cultivation. Congrats and thanks to all who participated in the rebrand. If you would like to use this logo, please check out the branding guide on Github.

Development

Lead dev Thaer has announced Masari will fork at block #170,000 on May 1. This will be v5 for the mainnet and follows suit with many other cryptonight coins that have forked to deter ASICs. Users will need to clear their wallet caches and instructions for pool operators have been provided. Miners using 2.4+ XMRStak will need to switch their algo to Monero7 once the fork is complete.

After the fork, miners should look to distribute their hashing power across the available pools with the goal of restricting centralization. You can view available pool listings and their respective hash rates here: http://masaripools.org/. The scheduled fork couldn’t come at a better time as the remaining cryptonight ASICs have pointed their miners at MSR and completely perverted the network hash rate in the past two weeks. May 2 onward we could see a reduction of up to 90% of current network hash rate (125 MH/s). If you’ve ever flirted with CPU or GPU mining, the beginning of May would be a good time to join in on the fun with Masari.

The fork will bring some other nice additions to Masari as well. We will soon see multisignatures, subaddresses, and all upstream updates from Monero. If you have questions about how to handle the fork as a miner, trader, or hodler, please hop into the Masari discord or subreddit and ask away.

Also this week Thaer submitted a pull request to Monero which was approved by Monero-mooo. This is another demonstration of the commitment Masari has to advancing the space.

Marketplace

On April 12 Trade Ogre listed a MSR/BTC pairing — making it the third exchange to list MSR. It debuted at a price around 2500 sats, and at the time of writing MSR was trading around 18,000 sats! The price increase has been seen across the other two exchanges as well, limiting arbitrage opportunities and legitimizing the increase.

On April 24 MSR was listed on Coin Market Cap. Accurate information may not show on the MSR page for up to 7 days after the listing. In the mean time, please use LiveCoinWatch or CoinLib to track MSR’s progression.

Social

Masari received a positive mention for being sans ICO in The Merkel last week.

@masaricurrency: 556 followers

masari discord: 926 members

r/masari: 591 subs

A house favorite of the Masari store is the onesie…take that as you may. The store creator is working on new designs and provided one to the discord. It was very well received.

Well designed wallpapers showed up on social media:

discord — Max84

About

Masari (MSR) is a scalability-focused, untraceable, secure, and fungible cryptocurrency which uses the RingCT protocol. Masari did not have an ICO, nor a premine. Its genesis block was on September 2, 2017. Masari block time is 120 seconds with a current reward of around 26 MSR. For wallets and other information, please visit getmasari.org