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MASK

NFTX Hashmasks IndexMASK

Rank #2031
Coin
On 1,393 watchlists

NFTX Hashmasks Index Price (MASK)

$3,176.90
3.39%

0.05608 BTC2.49%

0.7031 ETH1.17%

Low:$3,170.90
High:$3,306.57
24h
MASK  NFTX Hashmasks Index MASK
Price:
$3,176.90
 3.39%
Market Cap
$665,982
3.39%
Fully Diluted Market Cap
$1,524,913
3.39%
Volume
24h
- -
Volume / Market Cap
--
Circulating Supply
209.63 MASK
44%
Max Supply
480
Total Supply
210
Sponsored

NFTX Hashmasks Index to USD Chart

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MASK Price Live Data

The live NFTX Hashmasks Index price today is $3,176.90 USD with a 24-hour trading volume of not available. We update our MASK to USD price in real-time. NFTX Hashmasks Index is down 3.39% in the last 24 hours. The current CoinMarketCap ranking is #2031, with a live market cap of $665,982 USD. It has a circulating supply of 209.63252650 MASK coins and a max. supply of 480.00000000 MASK coins.

What Is NFTX Hashmasks Index (MASK)?

The NFTX Hashmask Index is a fund on the NFTX platform for non-fungible tokens (NFT) that allows users to use Hashmasks as collateral. The process earns the loanee the fund’s base asset called MASK.

Hashmasks is a hot new digital art trend created by Swiss-based Suum Cuique Labs, labelled as one of the largest collaborative NFT art projects ever. It features a living digital art collectible of over 16,0000 digital portraits created by more than 70 artists worldwide. Artwork holders accumulate daily Name Changing Token (NCT) rewards, which can be used to name your portrait on Ethereum’s blockchain.

With other collectibles, the creators normally establish the rarity of their NFTs, Hashmasks uses two scarcity layers: It issues a set of traits as a blanket guidance to end-users, but there are also many implicit traits to be considered, chief among them the naming of of the collectible. It is the first collectible whose artworks’ value and rarity are not set in stone, but will change over time.

The Hashmask Index commoditizes naming through its fungible NCT asset, which can be exchanged with other collectible participants. Every name is truly unique and attributable to only one NFT.

NFTX is a platform that enables users to invest and create index funds based on collectibles such as Axies, CryptoPunks and CryptoKitties. More importantly, non-fungible tokens (NFTs) back the funds at a ratio of 1:1. NFTX creates a link between decentralized finance (DeFi) and NFT ecosystems.

The NFTX network added the index fund in early Feb. 2021. Note that Hashmask is a digital art and collectibles project powered by the Ethereum blockchain.

Who Are the Founders of the NFTX Hashmasks Index?

The Hashmask project is run by Suum Cuique Labs, an LLC based in Switzerland. The Hashmask artworks are rare digital portraits produced by globally-distributed artists and stored on the second-largest distributed platform, Ethereum.

Executives at Suum Cuique Labs include Hansen Wang and Gautham Nekkanti.

What Makes NFTX Hashmasks Index Unique?

We’ve seen that interacting with an index leads to users holding the index’s native currency, MASK. MASK is usable to provide liquidity on SushiSwap or any other DeFi protocol using the automated market-making model.

However, these networks must support tokens created using Ethereum’s ERC-20 standards. Notably, the Hashmasks pool doesn’t consider the rarity of a Hashmask. As such, even floor Hashmasks (the most simplistic Hashmasks) have a place on the pool. The project sits at the center of DeFi and NFT.

Moreover, the NFTX Hashmask Index maintains floor prices through arbitrage opportunities that arise when the price drops or skyrockets.

Note that funds created using the NFTX platform can be traded or redeemed using the platform’s native currency, NFTX. The token provides exposure to NFTs for those without the time or knowledge about NFTs.

Learn more about NFTX.

Learn more about Name Changing Token (NCT).

Learn more about Terra Virtua Kolect (TVK).

Don’t forget to read our blog!

How Many NFTX Hashmask Index (MASK) coins Are There in Circulation?

The coin has a maximum supply of 480 tokens.

How Is the NFTX Hashmasks Network Secured?

The network runs on the Ethereum blockchain. Therefore, the network leverages the security of the second-largest decentralized platform. Although Ethereum is migrating from a proof of work (PoW) to a proof of stake (PoS) consensus mechanism, the MASK-driven platform’s security leans on Ethereum’s PoW mechanism for now.

Where Can You Buy NFTX Hashmask (MASK)?

For those looking to lay their hands on the coin, it is available on SushiSwap, a DeFi exchange that offers token swaps. On the exchange, MASK pairs with wrapped Ethereum (WETH). If you’re a beginner looking to make your first crypto investment, look no further from our fiat on-ramp guide.

Our most recent articles about NFTX Hashmasks Index:

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MASK Price Statistics

NFTX Hashmasks Index Price Today
NFTX Hashmasks Index Price$3,176.90
Price Change24h$-111.64
3.39%
24h Low / 24h High
$3,170.90 /
$3,306.57
Trading Volume24hNo Data
Volume / Market CapNo Data
Market DominanceNo Data
Market Rank#2031
NFTX Hashmasks Index Market Cap
Market Cap$665,981.83
3.39%
Fully Diluted Market Cap$1,524,912.58
3.39%
NFTX Hashmasks Index Price Yesterday
Yesterday's Low / High
$3,201.15 /
$3,306.57
Yesterday's Open / Close
$3,239.56 /
$3,209.33
Yesterday's Change

0.93%

Yesterday's VolumeNo Data
NFTX Hashmasks Index Price History
7d Low / 7d High
$2,082.83 /
$3,306.57
30d Low / 30d High
$0 /
$32,019.44
90d Low / 90d High
$0 /
$27,391.02
52 Week Low / 52 Week High
$0 /
$27,391.02
All Time High
Oct 27, 2021 (a month ago)
$27,391.02
88.40%
All Time Low
Nov 16, 2021 (16 days ago)
No Data
NFTX Hashmasks Index ROI
No Data
NFTX Hashmasks Index Supply
Circulating Supply209.63252650 MASK
Total Supply209.63252650 MASK
Max Supply480.00000000 MASK