MASK (Mask Network) Token Price & Latest Live Chart

What is MASK (Mask Network)?

Mask Network is a revolutionary platform designed to integrate the burgeoning decentralized web, known as Web3, with the existing social media and web infrastructure, Web2. It serves as a bridge that enables users to send encrypted messages, conduct cryptocurrency transactions, and interact with decentralized applications (DApps) directly within the familiar interfaces of popular social networks like Twitter and Facebook. By leveraging blockchain technology, Mask Network empowers users with enhanced privacy, security, and financial capabilities without the need to leave their preferred online platforms or adopt entirely new systems.

The core of Mask Network's functionality is its encryption protocol, which allows for secure, peer-to-peer communication within the confines of traditional social media. This is achieved through the generation of personas, each tied to a unique cryptographic key pair, enabling users to share messages that are only accessible to intended recipients. Beyond secure messaging, Mask Network has expanded its offerings to include the transfer of cryptocurrencies and the creation of innovative social interactions. These features are not only designed to enhance user experience but also to introduce the broader public to the potential of Web3 technologies in a user-friendly manner.

Mask Network's vision extends beyond mere technical innovation. It also aims to reshape the internet's power dynamics by reducing reliance on centralized authorities and returning control to individual users. The platform's development roadmap includes addressing current limitations such as Ethereum's high gas fees and the complexity of managing private keys. By integrating smart wallets, fiat onramps, and cross-border payment solutions, Mask Network is working towards a seamless and inclusive ecosystem where users can engage in decentralized finance (DeFi), non-fungible token (NFT) commerce, and other Web3 applications with ease. The ultimate goal is to foster a new internet paradigm where personal finance, e-commerce, and social interactions are reimagined and conducted on the principles of privacy, autonomy, and decentralization.

How does MASK (Mask Network) work?

MASK operates by overlaying a decentralized layer on top of existing social media platforms. Mask Network utilizes cryptographic techniques to enable secure and private interactions within the familiar environments of Web2 services like Twitter and Facebook. Users can send encrypted messages, share files, and transact in cryptocurrencies without leaving their preferred social networks with Mask Network's innovative browser extensions and mobile applications.

The encryption process within Mask Network is intricate yet user-friendly. Each user can create multiple "personas," each associated with a unique cryptographic key pair derived from the secp256k1 standard. When a user wishes to send an encrypted message, they encrypt the content with an AES256 key in GCM mode, creating a unique ciphertext post. This AES key is then asymmetrically encrypted with the recipient's public key using ECIES (Elliptic Curve Integrated Encryption Scheme), ensuring that only the intended recipient can decrypt the message. Mask Network decentralizes the encryption key management by syncing the encrypted AES keys to GunDB nodes, a peer-to-peer database system, ensuring end-to-end encryption and enhancing user privacy.

Beyond encryption, Mask Network interprets and injects its components into the social platform's user interface in order to allow for a seamless experience when interacting with Web3 features. For instance, when a user encounters an encrypted post, Mask Network decodes the message and checks if the user has the necessary permissions to decrypt it. If so, it retrieves the encrypted AES key from GunDB and decrypts it with the user's private key, displaying the plain text message within the social media interface. Additionally, Mask Network has developed a suite of "applets" that extend its capabilities, such as the Ethereum red packet feature, which allows users to send and receive cryptocurrency through social media posts. These applets are designed to integrate smoothly with the user's browsing experience, enabling interactions with decentralized applications, participation in Gitcoin grants, and even trading cryptocurrencies directly within the social media ecosystem. Through these mechanisms, Mask Network is building a bridge to the new, open internet, where users can enjoy the benefits of Web3 without disrupting their current online habits.

MASK (Mask Network) market price & tokenomics

The Mask Network's vision for MASK is to serve as the native token of MaskDAO with a total supply of 100,000,000 tokens. The tokenomics of MASK are designed to support a decentralized governance model, where token holders can vote on proposals and ecosystem decisions within MaskDAO. A significant portion of the token supply is subject to long-term lockups, ensuring that the majority of MASK tokens will not be immediately available for trading, which could help maintain a stable token value and encourage long-term holding.

The distribution of MASK tokens includes allocations to the foundation reserve, core team, prior investors, community public offering, and initial liquidity pool. The foundation reserve, governed by MaskDAO, is intended for community grants, ecosystem development, and partnerships. The core team's tokens are locked up for 36 months with a 6-month cliff, aligning their interests with the long-term success of the project. Public sale allocations and airdrops are also part of the distribution strategy, aiming to engage the community and distribute tokens to early supporters and participants in the DeFi and Web3 space. The initial circulating supply comprises tokens from the public sale, liquidity pool, and airdrop. As of now, MASK (Mask Network) is ranked #242 by CoinMarketCap with market capitalization of $285,107,953 USD. The current circulating supply of MASK coins is 96,025,000.

Why do you invest in MASK (Mask Network)?

Investing in the MASK project presents an opportunity to capitalize on the growing demand for privacy and security in the digital SocialFi sector. As a protocol that layers onto existing social media platforms, Mask Network provides users with end-to-end encrypted messaging, ensuring that personal communications remain private and inaccessible to third parties. This level of privacy is increasingly valuable in an era where data breaches and surveillance are prevalent concerns.

Beyond privacy, Mask Network facilitates the direct transfer of cryptocurrencies over social media channels, streamlining the process of sending and receiving digital assets. This feature not only enhances the utility of cryptocurrencies but also has the potential to significantly increase their adoption by making transactions as simple as sending a message. The platform's native token, MASK, serves as the backbone of its ecosystem, functioning as a medium of exchange, a utility token for accessing network services, and a governance token for community voting. Investing in MASK is a chance for the continued convergence of social media with decentralized technologies, where privacy, ease of use, and innovative financial mechanisms are paramount.

Is MASK (Mask Network) a good Investment?

Whether the MASK token is a good investment depends on various factors, including one's investment goals, risk tolerance, and the project's long-term viability. Mask Network offers a compelling proposition by enhancing privacy on social media platforms through encryption and enabling seamless cryptocurrency transactions within these channels. The growing concern over data privacy and the potential for increased adoption of cryptocurrencies could drive demand for Mask Network's services, potentially leading to an appreciation in the value of MASK tokens.

However, the investment landscape is dynamic, and the success of Mask Network will depend on its ability to continuously innovate, maintain a high level of security, and comply with evolving regulations in the future. The platform's unique features could provide it with a competitive edge. Nevertheless, the cryptocurrency market is known for its volatility and the success of such projects is not guaranteed. Investors should conduct thorough research, and consider the project's market adoption, development roadmap, and community support before making an investment decision. It is also advisable to diversify one's portfolio to mitigate risks associated with investing in a single cryptocurrency or technology.

Find out more about MASK (Mask Network):

• Homepage

• Explorer: Etherscan, Bscscan, Polygonscan

• Whitepaper