What is Mask Network? Detailed information about MASK token

Mask Network (MASK) is emerging as a groundbreaking solution that connects social media platforms with the world of cryptocurrency and DeFi. This project not only provides security and personal data management features but also integrates decentralized applications directly onto major social networks.

In this article, AZCoin will explore in detail Mask Network and the MASK token, highlighting the benefits and notable features it offers.

What is Mask Network (MASK)?

Mask Network is a Web3 protocol that allows users to encrypt messages, share secure content, and interact with DeFi applications directly on social media platforms. By integrating with major platforms like Twitter and Facebook, Mask Network enables users to secure their personal messages, conduct cryptocurrency transactions, and even engage in decentralized trading without leaving the social media platform.

With Mask Network, users can seamlessly and securely access decentralized financial services, creating a powerful Web3 experience right within traditional social media environments.

Team, investors and Partners

Development team

Mask Network was founded by Suji Yan in 2019, an entrepreneur who serves as an advisor and co-author at RadicalxChange Fellowship. His achievements have been featured in prestigious publications such as Wired, South China Morning Post, Wall Street Journal, and New York Times. Currently, detailed information about other members of the project team has not been disclosed.

Investors

Mask Network has received funding from major organizations such as HashKey, Hash Global, Digital Currency Group, Fundamental Labs, Longling Capital, Animoca Brands, Moonwhale Ventures, Block0, 3Commas, and AHP Investments.

Additionally, well-known individual investors like Raymond Wang (co-founder of ele.me), Qiufan Chen (a prominent Chinese science fiction writer and screenwriter), Max Webster, Qiao Wang, and Imran Khan have also invested in the project. Furthermore, Mask Network has successfully raised strategic funding from other large institutions like Binance, Filecoin and Alameda Research.

Partners

Mask Network boasts a rich network of partners, including notable names such as Near Protocol, Nym Technologies, PlatON, and many other projects.

How does Mask Network work?

Mask Network operates by directly integrating with social media platforms like Twitter and Facebook. Users only need to install the Mask Network extension, after which they can encrypt messages, share secure content or perform DeFi transactions without leaving the social media application.

Mask Network uses end-to-end encryption technology to ensure that only the sender and recipient can read the message content. Additionally, users can utilize the integrated wallet to make payments or conduct transactions with cryptocurrencies like Bitcoin, Ethereum or MASK token directly on social media platforms.

Key features of Mask Network

Mask Network stands out with several features, including:

• Decentralized Application (DApp) Integration: Currently, Mask Network supports integration with several DApps such as Uniswap and SushiSwap on popular social networks. Additionally, the platform also offers sharing and fundraising features for projects on Gitcoin.
• Cryptocurrency Transactions on Social Media: Mask Network functions as a cryptocurrency wallet, allowing users to buy and sell cryptocurrencies directly. Through the Chrome extension, users can trade tokens and share them on Twitter using smart contracts.
• Mobile Application: Besides browser extensions for Chrome, Firefox, and Opera, Mask Network has also launched an official mobile app with an interface similar to Twitter, providing a familiar experience for users on smartphones.

Basic information of MASK token

Technical specifications

• Token Name: Mask Network
• Ticker: MASK
• Blockchain: Ethereum
• Token Standard: ERC-20
• Contract: 0x69af81e73a73b40adf4f3d4223cd9b1ece623074
• Token Type: Utility & Governance
• Total Supply: 100,000,000 MASK
• Circulating Supply: 100,000,000 MASK

MASK token allocation

• Team: 23%
• Reserve (Foundation): 39.55%
• Early Investors: 14.25%
• Token Sale: 14.2%
• Airdrop: 1%
• Liquidity Pool: 1%
• Public Offering: 7%

What is MASK token used for?

The MASK token is the primary currency of MaskDAO. Holders of MASK are not only members of MaskDAO but also have the right to participate in the project’s development. MASK token also serves as a voting mechanism, making governance and decision-making more accessible and effective.

Where to buy and sell MASK tokens?

You can buy and sell MASK tokens on the best crypto exchanges like Binance and Coinbase. Additionally, MASK token is also available on decentralized exchanges (DEX) such as Uniswap and SushiSwap, allowing for flexible and convenient transactions.

Which wallets support MASK tokens?

MASK token can be securely stored in ERC-20 supported wallets, including MetaMask, Trust Wallet, and hardware wallets like Ledger and Trezor. These wallets offer security features and asset management convenience for cryptocurrencies.

Should you invest in Mask Network (MASK)?

Mask Network is one of the pioneering projects in bringing security features and decentralized trading to social media, which has garnered significant attention from the community. With a strong development team, notable partnerships, and support from major investors, Mask Network has potential for future growth.

However, it’s important to consider the risks associated with investing in MASK token, including price volatility and legal risks. Therefore, users should thoroughly research and consider their investment goals before making a decision.

Conclusion

In summary, Mask Network (MASK) not only offers groundbreaking solutions for social media and DeFi but also opens up new opportunities for users and investors. To learn more about security in cryptocurrency and current market trends, follow AZCoin’s articles for the latest updates and analysis!