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About Mask Network
Key Points
- Mask Network is a protocol that allows users to send encrypted messages over Twitter and Facebook.
- Launched in July 2019, with $2 million funding in November 2020 and $3 million in February 2021.
- Offers decentralized portal for DApps, peer-to-peer payments, and decentralized storage.
- Founded by Suji Yan, who also founded Dimension.im.
- MASK governance token launched in February 2021, with 100,000,000 tokens created.
- Token holders can vote on key decisions for the MaskDAO.
- Mask Network runs on the Ethereum network, which has transitioned to proof-of
About Mask Network
In the realm of decentralized social networks, Mask Network is pioneering a novel paradigm, empowering users to reclaim their digital identities and unlock the true potential of Web 3.0.
Introducing Mask Network (MASK): A Revolutionary Decentralized Platform
Mask Network is a pioneering protocol that empowers users to transmit encrypted messages seamlessly across Twitter and Facebook, effectively bridging the gap between the traditional internet and a decentralized network operating in tandem.
Mask Network was initially unveiled in July 2019, introducing its inaugural use case: empowering Facebook and Twitter users to encrypt posts on the social media platforms. The project subsequently secured $2 million in funding in November 2020, co-led by HashKey and Hash Global, followed by an additional $3 million funding round in February 2021, with notable participation from Digital Currency Group and Fundamental Labs.
Mask Network now empowers users to directly fund Gitcoin grant campaigns from Twitter, with plans to introduce peer-to-peer payment capabilities and decentralized storage functionality. As a decentralized portal, it enables users to seamlessly interact with decentralized applications (DApps) encompassing crypto payments, decentralized finance, decentralized storage, e-commerce (digital goods/NFTs), and decentralized organizations (DAOs) atop existing social networks, without the need for migration. This innovative approach gives rise to a decentralized Applet (DApplet) ecosystem.
The Visionary Founders Behind Mask Network
Mask Network was founded by visionary entrepreneur Suji Yan, who previously established Dimension.im, a suite of products championing social liberty in alignment with the cypherpunk ethos, emphasizing the “Right of Cryptography and Freedom of Interpretation.”
Unveiling the Unparalleled Attributes of Mask Network
The Mask Network empowers users to safeguard their online interactions with an added layer of privacy. By facilitating the exchange of encrypted messages with friends, the seamless transfer and receipt of cryptocurrencies, and the sharing of files, as well as seamless interactions with decentralized applications (DApps), all within a decentralized ecosystem.
What Is the Circulating Supply of Mask Network (MASK) Coins?
In February 2021, Mask Network introduced its governance token, MASK, a pivotal step towards bridging the gap between Web 2.0 and Web 3.0, thereby realizing the network’s ambitious vision.
The MASK governance token is overseen by a decentralized autonomous organization (DAO) known as the MaskDAO, where token holders wield significant influence by casting votes on pivotal decisions. Notably, each MASK token carries a single vote, ensuring a democratic process. At its inception, a total of 100,000,000 MASK tokens were created, with the remaining supply set to be incrementally unlocked over a three-year period.
A significant 7% allocation of the MASK supply is dedicated to a “Community Public Offering”, while a substantial portion of the tokens will be reserved (39.55%), with additional allocations designated for early investors (14.25%) and the team (23%).
Ensuring the Integrity of Mask Network: A Multilayered Security Framework
Mask Network operates on the Ethereum network, which has successfully transitioned to a proof-of-stake consensus mechanism following the Merge.
Where to Acquire Mask Network (MASK) Tokens
You can acquire Mask Network (MASK) on prominent cryptocurrency exchanges, including Huobi Global, OKEx, Balancer, and 1inch, which are renowned for their reliability and liquidity.
For a comprehensive overview on converting traditional fiat currencies into cryptocurrency, explore CMC’s in-depth guide
here
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