Mask Network MASKPrice $ 0.441

MASK Network [MASK] allows users of large social media networks to transfer cryptocurrency, access and communicate with decentralized applications (dapps), and share encrypted content. Owners of the MASK token are granted a right to vote on ecosystem modifications via a decentralized autonomous organization known as MaskDAO. The live market price of MASK is available on this chart.

What is MASK Network?

MASK Network is a portal that lets people effortlessly send encrypted messages, crypto assets, and even dapps (decentralized finance, non-fungible tokens, DAO) over the top of popular social media platforms without the need to migrate. Thus, MASK creates a decentralized Applet (DApplet) ecosystem. In simple words, MASK Network seeks to build the New, Open Internet on top of the existing one.

MASK Network aims to connect Web2 (the current Internet) and the so-called Web3 to provide the general public with a better web experience on the current mainstream platforms without the need for any API or centralized server.

The current version of the Internet is primarily dominated by giant technological corporations that control how users interact with the online space: what users post, what content they can view, and whom they interact with. Users often don't fully own the content they publish because modern Web 2.0 platforms can easily remove the undesired content if it doesn't meet their requirements.

MASK Network aims to provide new functionalities over traditional social media platforms that are compatible with the decentralized world, while ensuring the new Internet maintains a high degree of resemblance with Web 2.0. By doing so, the MASK system wants to enable more people to interact with the Web 3.0 Internet without the need to leave the familiar Web 2.0 websites.

For ordinary people, Web 2.0 is a full synonym to the “Internet”: it allows for sharing information, crowdsourcing different projects, accessing multidirectional data flows, and participating in social media platforms. Web 3.0 is all about bringing the control of user information back to the user in a decentralized way and creating a censorship-free open web that is based on new disruptive technologies like blockchain.

How Does MASK Network Work?

Today, MASK Network supports several decentralized applications including Uniswap and SushiSwap. Striving to change how people manage their finance, MASK has launched the Twitter trading widget empowered by CMC and Uniswap.

MASK is going to integrate a comprehensive set of Decentralized Finance applications to popular social media networks such as Facebook and Twitter to facilitate the next-gen personal finance experience. This will allow users to transfer payments, trade crypto assets, borrow/offer crypto loans, follow successful traders, part take in public offerings, issue personal tokenized assets, bet on the outcomes of events, and access professional portfolio analysis – all within their favorite social networks. 

Another important part of the new network is decentralized storage. The combination of decentralized payments and storage with enhanced privacy controls and anti-censorship attributes will forever change the way multimedia content is distributed and e-commerce is conducted over the Internet. Multimedia content, works of art can be easily converted into NFTs and then stored in decentralized storage solutions. This will be done through the integration of Arweave (MASK’s strategic partner) with major socials. Users will be able to send and trade NFT files right on Twitter and Facebook. 

The Initial Twitter Offering (ITO) is also one of the primary features of MASK. ITO is all about enabling startups to arrange token sales right through Twitter. This will allow Twitter users to participate in token offering events directly through their social media presence by clicking a few buttons.

For nascent projects, the possibility to be exposed to a large social media audience and be able to accept funds from all interested parties is a huge benefit compared to ICOs and IPOs. Moreover, it’s much cheaper to conduct an ITO vs. an ICO as there is no centralized middleman to pay for being listed. Also, projects get immediate access to liquidity with the help of an ITO.

MASK works in the following way.

A user needs to install the MASK extension to their browser or download the MASK app and then connect their social media accounts to MASK. Once this is done, a user can display their NFTs on the connected socials, access NFT marketplaces (OpenSea, Rarible) without leaving the social network’s website, send donations to projects/creators, transfer crypto with a social media post, and perform a variety of other activities. 

The release of MASK Network version 2.0 includes the multi-chain Mask wallet, the MaskID login system (it combines a user’s social media profiles and Web 3.0 addresses), and a dapp online supermarket called D.Market. You can obtain MASK software from the Chrome Web Store and Firefox add-ons. MASK Beta is also available for iOS and Android smartphones.

What is MASK Network Token?

$MASK is the native currency of MaskDAO, a governing decentralized autonomous organization (DAO) of MASK Network. The entire MASK ecosystem belongs to the DAO. $MASK owners are participants of MaskDAO and have their share in the ownership of the ecosystem through the DAO. As a native token, $MASK incentivizes governance initiatives. Each $MASK token is equal to one vote. 

The DAO is the final decision-maker in all affairs related to $MASK and the parameters and use of the Reserve Fund. $MASK token holders can vote by placing their tokens on proposal contracts during the voting period. The voting timeframe usually lasts from 1 hour to 3 days. Only a $MASK token that has been locked in the governance in the last seven days prior to a proposal voting period may be accounted for during the voting session.

$MASK token holders can also participate in subDAOs to pick the best projects for Initial Twitter Offerings. Active users of MASK receive crypto rewards in $MASK tokens.

Where to Buy MASK Network [MASK] Token?

$MASK Coin is listed on several large crypto exchanges including Binance, Coinbase, Gate.io, and WazirX. Before investing in cryptocurrency, be aware of the fact that the market price of MASK is volatile, meaning it can drastically change over time.

Where to Store MASK Network [MASK] Token?

Since MASK Network is hosted on the Ethereum Blockchain, you can store your $MASK token assets on any ETH-compatible wallet. Some popular options include hardware wallets Ledger and Trezor and software products such as MetaMask, Trust Wallet, and Exodus.