Mask Network is a bridge to transition Web 2.0 users to Web 3.0, integrating encryption and cryptocurrency transactions directly on popular social networks like Twitter.
The project provides decentralized utilities for messaging, sharing information, and buying and selling Tokens directly, contributing to the expansion of Blockchain applications in modern social network experiences.
MAIN CONTENT
Mask Network integrates DApps and cryptocurrency wallets on Twitter, facilitating easy Token transactions.
The MASK Token is a governance and utility Token, with a clear vesting and allocation mechanism.
The project is supported by many reputable investors and has practical applications on large platforms.
What is Mask Network?
Mask Network is a project built on Ethereum, allowing users to encrypt messages and transact cryptocurrency on Web 2.0 platforms like Twitter and Facebook. The mission is to transition users to a decentralized Web 3.0 environment.
This application helps secure messages, make payments, and share NFTs safely, opening up convenient Blockchain interaction opportunities without leaving familiar social platforms.
What are the highlights of Mask Network?
Mask Network does not replace existing social platforms but enhances the experience by integrating DApps and cryptocurrency wallets.
What DApps are integrated on Mask Network?
Currently, the project supports many DApps like Uniswap and Sushiswap directly in the social network interface, allowing users to exchange Tokens and participate in fundraising on Gitcoin quickly.
Integrating DApps into social networks is a breakthrough that helps expand DeFi capabilities to millions of users.
Suji Yan – Founder of Mask Network, 2022
How does Mask Network support cryptocurrency transactions?
Users can buy and sell Tokens directly through the extension on the Chrome browser, allowing for sending and receiving Tokens right on Twitter through Smart Contracts, integrating payments via VISA to simplify the experience.
How is the Mask Network application on mobile?
In addition to the browser extension, Mask Network provides an app on iOS and Android with a user-friendly interface similar to Twitter, making it easy for users to access anytime, anywhere.
What is an overview of the MASK Token?
MASK is an ERC-20 standard Token on the Ethereum Blockchain, serving utility and governance purposes in the MaskDAO ecosystem with a total supply of 100 million Tokens.
Currently, there are about 68.2 million Tokens in circulation, with the remaining distributed according to the vesting schedule over 36 months to ensure market balance.
How is the MASK Token allocated?
Tokens are allocated to various stakeholders, including the development team, investors, ecosystem development funds, and the community with reasonable ratios to maintain sustainable development.
MASK Token allocation
How does the MASK Token payout schedule work?
The MASK Token follows a 3-year vesting schedule, with 68.2% already unlocked and distributed through Public Sale, LP liquidity, and Airdrop. Locking Tokens helps maintain stability and supports effective governance by the community.
MASK Token payout schedule
What is the utility of the MASK Token?
MASK serves as a utility and governance Token, including the right to participate in project decisions through MaskDAO. Token holders can vote directly to guide long-term development.
How does MaskDAO manage the project?
MaskDAO is a decentralized autonomous organization, consisting of MASK holders, who participate in voting through Smart Contracts. The voting process takes place within 1 to 3 days, and only Tokens locked for 7 days have the right to vote.
Who is the development team of Mask Network?
Mask Network was founded by Suji Yan in Shanghai, who has significant experience and is recognized in prestigious publications like Wired and The New York Times. The remaining members have not been publicly disclosed.
Suji Yan – Founder of Mask Network
Who are the main investors and partners of the project?
Mask Network receives investment and collaboration from many leading funds and partners such as Binance Labs, Alameda Research, and Animoca Brands, helping to expand the ecosystem and develop applications.
14/4/2022: Investment from Hard Yaka supports ecosystem development.
28/10/2021: Arweave supports network expansion.
19/9/2021: Strategic partnership with Protocol Labs.
Development partners of Mask Network
What is the assessment of the Mask Network project?
The practical application of Mask Network on Twitter shows the potential of Web 3.0 applications in digital life, with many new features helping users interact with cryptocurrency more easily.
Data shows that daily transaction volume increased from 1 million USD to 538 million USD according to Messari's report, reflecting the project's attractiveness and rapid growth.
The growth in transaction volume of Mask Network clearly shows the demand from users for practical Blockchain-integrated products.
Messari Report, 2023
However, investors should consider price volatility and adjustment trends after large vesting events, ensuring appropriate investment strategies and adhering to risk management.
Summary
Mask Network is a pioneering project that brings Blockchain experiences to social networks, enabling users to easily use cryptocurrency and NFTs on familiar platforms. The MASK Token has a clear governance mechanism, along with support from many large investors.
Practical application and transaction growth promise many development opportunities, but careful monitoring of market fluctuations is also necessary to make informed decisions.
Frequently Asked Questions
What platform does Mask Network operate on?
Mask Network is built on Ethereum, integrating utilities on social networks like Twitter and Facebook, making it easy to transition users to Web 3.0.
What role does the MASK Token play in the project?
MASK is a utility and governance Token, allowing holders to participate in voting and contribute to project development through MaskDAO.
Does Mask Network have any outstanding practical applications?
The project has successfully deployed an extension on Twitter, allowing message encryption, cryptocurrency transactions, and direct Token buying and selling.
Who is the development team of Mask Network?
Mask Network was founded by Suji Yan, a reputable Blockchain expert with achievements recognized by international media.
Which partners support Mask Network?
The project receives investment from Binance Labs, Alameda Research, Animoca Brands, and many large funds, promoting comprehensive ecosystem development.
Source: https://tintucbitcoin.com/mask-network-mask-la-gi/
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