• Ticker: MASK
• Network: Ethereum
• Category: Decentralized Social Media, Infrastructure

About MASK

MASK is an ERC-20 token on the Ethereum network, and the governance and utility asset of the Mask Network ecosystem — a pioneering protocol that acts as a decentralized bridge between Web 2.0 and Web 3.0. MASK holders can propose and vote on key protocol decisions through its decentralized autonomous organization (DAO) to help shape the future of the Mask Network. MASK can also be used for staking to earn rewards and may grant access to premium features within the ecosystem.

Key points

• In-Platform Web3 Access: Mask Network lets you interact with DeFi apps (like Uniswap), send and receive cryptocurrencies, and view NFTs directly on social media.
• Encrypted Communication: The platform uses end-to-end encryption to allow you to post messages on platforms like Twitter/X or Facebook that are only visible to the intended recipient (who also needs the Mask extension).
• Decentralized Identity: It helps aggregate your different Web3 identities (e.g., ENS names) into a single profile, giving you a decentralized identity layer that is resistant to censorship.
• Multi-Chain Support: The network supports many Ethereum Virtual Machine (EVM) compatible chains, enhancing its utility across the crypto ecosystem.

FAQs

• What is MASK used for?

MASK is primarily a governance token for the MaskDAO. This means that by holding it, you get a vote on key decisions that shape the future of the Mask Network, such as protocol upgrades and treasury usage. Additionally, MASK is used for staking to earn rewards and may grant access to premium features within the ecosystem.

• How does MASK work?

The MASK token is an ERC-20 token on the Ethereum blockchain. It is the voting mechanism for the decentralized autonomous organization (DAO). The core technology is a browser extension that detects encrypted messages and blockchain interactions on Web2 sites. If you have the key (your private key), the extension decrypts the content, effectively acting as a decentralized filter that brings the functionalities of Web3 to the surface.

• How can I buy MASK on Bitso?

1. Log in to your Bitso account or sign up if you don’t have one.
2. Go to “Buy/Sell” and select MASK as the token you want to purchase.
3. Choose any available fiat currency (MXN, ARS, BRL, COP, or USD) as your base.
4. Enter the amount, review the details, and confirm your transaction.

You can track the token’s performance directly in the app.

Tokenomics

The MASK tokenomics are focused on creating a decentralized, community-driven structure. The total and maximum supply is capped at 100 million tokens. All MASK holders are members of the MaskDAO, giving them ownership and governance over the ecosystem and its reserve funds. Token rewards are structured to incentivize long-term holding and participation in staking and governance voting.

Example use case

Imagine you want to send a birthday gift of crypto to a friend you follow on Twitter/X. Using the Mask Network extension, you can compose a tweet and embed the crypto transfer directly into the post. The tweet looks like gibberish to everyone else, but because your friend also has the Mask extension and the correct encryption key, they can open the tweet and claim the crypto gift instantly. You used Web2 to complete a Web3 action, seamlessly.

Disclaimer

This Help Center article is for informational purposes only and does not constitute investment advice. Please conduct your own research (DYOR) and assess your risk tolerance before trading. As always, invest responsibly and stay informed.