Mask Network Price

What Is Mask Network (MASK)?

Mask Network (MASK) is a browser extension that brings crypto/web3 functionality to Web 2.0 resources, such as web pages and social media platforms. The extension is based on a multi-chain decentralized app (DApp) hosted on several blockchains including Ethereum, BNB Chain, Polygon, Arbitrum and xDai/Gnosis. 

Mask Network allows you to use certain crypto services, such as coin swaps and NFT trading, directly via your social media pages. It supports Twitter, Facebook and Minds, with the majority of the app’s services currently concentrated on Twitter.

By installing the Mask extension, you may access various web3 DApp services directly via your social media (primarily Twitter) account page, such as:

• Launch of and participation in Initial Twitter Offerings (ITOs) — the sale of crypto coins and tokens via Twitter pages 

• Crypto trading on Uniswap, SushiSwap and 0X

• NFT trading via the OpenSea and Rarible marketplaces

• Twitter profile avatar verification using on-chain NFT data

• Decentralized file storage via the Arweave protocol.

The MASK token exists in the ERC-20 format on Ethereum and Polygon, and in the BEP-20 format on BNB Smart Chain.

Mask Network Price

MASK started trading on February 24, 2021, hitting its all-time high of $41.45 that day. It then dropped sharply, falling below $10 after its first few days on the market. The token’s initial trading weeks were characterized by extreme turbulence. After some wild ups and downs, MASK touched a local peak of $24.81 in early April 2021.

MASK then set out on a downtrend that took its price to a low of $3.10 by late July 2021. This was followed by a volatile but gainful period, and by late November, MASK had risen to nearly $20. However, the crypto market crash during that period soon affected MASK, with its price dropping. By January 2022, the token fell below $10 and then below $5 by mid-March. 

MASK’s price had sunk to $1.60 by mid-May, 2022. From then until late October, MASK traded largely in the narrow range of $1–$2. Following the news of Elon Musk’s acquisition of Twitter in late October, the token’s fortunes have improved slightly, but it still trades in sub-$5 territory.

What Is MASK Used For?

The MASK token’s main function is governance of Mask Network, which is carried out via MaskDAO, a decentralized autonomous organization (DAO) controlled by MASK token holders. Each MASK token is worth one vote on the DAO. MASK holders decide on all key matters concerning changes to and future developments of Mask Network. MASK is also used for voting on ITO launches.

Mask Network Tokenomics

MASK has a maximum and total supply of 100 million. Its circulating supply stands at 68.2 million. The token’s distribution shares are as follows:

• 39.55% — Project Foundation

• 23% — Team

• 14.25% — Early investors

• 14.2% — Token round

• 7% — Public offering

• 1% — Airdrop

• 1% — Liquidity pool

Who Is the Founder of Mask Network? 

Mask Network was founded by Suji Yan, who is also the founder of Japan-based internet start-up Sujitech.

How to Store MASK

Based on the two most popular token standards, ERC-20 and BEP-20, MASK may be stored using a wide variety of hot and cold wallets, such as MetaMask, Trust Wallet, Binance Chain Wallet, MathWallet, Atomic Wallet, MyEtherWallet (MEW), Ledger and Trezor. Note that the Trezor wallet supports only the ERC-20 format of the token.

Where to Buy Mask Network (MASK)

You can buy MASK from any top crypto exchange, including Bybit. On Bybit, you can trade MASK as a USDT spot pair (MASK/USDT) or a USDT perpetual (MASKUSDT).