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The live Mask Network price today is $17.83 USD with a 24-hour trading volume of $39,456,453 USD. Mask Network is down 3.57% in the last 24 hours. The current CoinMarketCap ranking is #310, with a live market cap of $176,211,974 USD. It has a circulating supply of 9,882,562 MASK coins and a max. supply of 100,000,000 MASK coins.
Mask Network is a protocol that allows its users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top.
Mask Network was initially launched in July 2019, with its first use case of allowing Facebook and Twitter users to encrypt posts on the social media platforms. It then raised $2 million in a funding round in November 2020, co-led by HashKey and Hash Global, and a further $3 million funding round in February 2021 with participation from Digital Currency Group and Fundamental Labs.
Now, Mask Network offers the ability to fund Gitcoin grant campaigns directly from Twitter, as well as plans to offer peer-to-peer payments and decentralized storage functionality. It is a decentralized portal that also allows users to use DApps like crypto payments, decentralized finance, decentralized storage, e-commerce (digital goods/NFTs) and decentralized organizations (DAO) over the top of existing social networks without migrating, creating what is referred to as a decentralized Applet (DApplet) ecosystem.
Mask Network is a Shanghai-based startup founded Suji Yan. Prior to founding Mask Network, Yan had founded Dimension.im, which is a series of products meant to advocate for social liberty along the cypherpunk movement, specifically “Right of Cryptography and Freedom of Interpretation.”
The Mask Network allows users to add a level of privacy to their online interactions. By letting users send encrypted messages to friends, send and receive cryptocurrency and share files, and interact with DApps, all on a decentralized level.
Learn more about Monero.
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Take a look at the CMC blog.
In February 2021, Mask Network launched their MASK governance token, which aims to help the Mask Network in its aim to build a bridge between Web 2.0 and Web 3.0.
The MASK governance token is governed by a decentralized autonomous organization (DAO) called the MaskDAO. Token holders can vote on key decisions for the MaskDAO, where each one MASK represents one vote. At the genesis, 100,000,000 MASK tokens were created, and the rest of the supply will be unlocked over a three-year period.
7% of the MASK supply goes to a “Community Public Offering,” while another portion of the tokens will go to the reserve (39.55%), early investors (14.25%) and the team (23%).
For more information on turning your fiat currencies into cryptocurrency, check out CMC’s guide here.
|Mask Network Price||$17.83|
|24h Low / 24h High|
|Volume / Market Cap||0.2239|
|Fully Diluted Market Cap||$1,783,059,698.94|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time HighFeb 24, 2021 (2 months ago)
All Time LowFeb 28, 2021 (a month ago)
|Mask Network ROI||No Data|
|Circulating Supply||9,882,562 MASK|
|Total Supply||100,000,000 MASK|
|Max Supply||100,000,000 MASK|