Mask Network Price

Mask Network (MASK) is a cryptocurrency that serves as the governance token for the Mask Network, a protocol bridging Web 2.0 and Web 3.0. Currently ranked #358 with a price of $1.17, it has seen a -0.33% change in the last 24 hours. The token operates primarily on the Ethereum platform and has a market cap of $117.7M. Launched in February 2021, Mask Network enables users to send encrypted messages across traditional social media platforms like Twitter and Facebook, effectively creating a decentralized layer on top of existing internet infrastructure. The token supports funding on Gitcoin grants directly from Twitter and facilitates peer-to-peer payment capabilities. With a circulating supply of 100M MASK and a maximum supply capped at 100M MASK, Mask Network has a 24-hour trading volume of $129.46K. The token is integral to the network's governance and future development of Web3 social features.

Mask Network was created on February 21, 2021. It was launched as the governance token for the Mask Network platform, which serves as a bridge between Web 2.0 and Web 3.0 by enabling encrypted messaging and other decentralized features on traditional social media platforms. Since its launch, Mask Network has developed into a key token in the Web3 ecosystem, supporting various functionalities including social media integration, NFTs, and metaverse applications.

The founder of Mask Network is Suji Yan, who established the project in 2018. As the founder and CEO, he leads the development of blockchain-based tools that enable cryptocurrency transactions and access to decentralized applications directly through social media platforms. Under his leadership, the team launched the Bonfire Union in 2021, which serves as the venture arm funding various initiatives including social platforms and blockchain infrastructure projects. Suji Yan's vision focuses on creating decentralized social networks that prioritize user privacy and data ownership, positioning Mask Network as a bridge between traditional social media and Web3 technologies.

Mask Network works as a decentralized protocol that bridges Web2 social platforms with Web3 functionality. Currently priced at $1.17 with a market cap of $117.7M, MASK enables users to send encrypted messages and share cryptocurrencies directly on traditional social media platforms like Twitter and Facebook. The token operates primarily on the Ethereum blockchain, with additional implementations on Polygon and BNB Chain. MASK holders can use the token for governance voting, accessing premium features, and participating in the ecosystem's growth. With a total supply of 100M MASK and current ranking of 358, MASK facilitates encrypted communications, NFT displays, and crypto transactions within mainstream social networks. The protocol essentially creates a bridge between conventional social media and decentralized applications, allowing users to wrap tokens into smart contracts and share them with others who have the Mask Network extension installed.

Mask Network operates on a multi-chain architecture primarily built on Ethereum. The technical foundation includes: 1. Smart Contract Layer: Deployed on Ethereum (ERC-20), BNB Chain, and Polygon networks, enabling cross-chain functionality. 2. Protocol Layer: Features encryption protocols that allow secure messaging and transactions across Web2 social platforms. 3. Application Layer: Includes browser extensions and mobile apps that serve as the interface for users to access Mask Network's features. 4. Token Utility System: MASK tokens power the ecosystem, with a total supply of 100M MASK and current circulating supply of 100M MASK. The architecture employs zero-knowledge proofs for privacy and implements a decentralized identity system. This technical design enables Mask Network's core functionality of bridging Web2 social networks with Web3 capabilities, allowing encrypted communications and cryptocurrency transactions directly through platforms like Twitter.

Mask Network has an ambitious roadmap focused on expanding its Web3 social ecosystem. In the near future (2025-2026), MASK plans to enhance its core privacy features and expand cross-chain compatibility beyond Ethereum, Polygon, and BNB Chain. By 2027, Mask Network aims to launch improved decentralized social media tools, NFT marketplaces, and metaverse integrations. The team is investing in funding innovative projects through their Bonfire Union venture arm. Long-term goals (2030 and beyond) include creating a comprehensive Web3 social infrastructure with seamless DApp integration across all major social platforms. With a fixed maximum supply of 100M MASK, MASK is positioned for potential value growth as adoption increases. Led by founder Suji Yan, Mask Network is committed to revolutionizing how we interact online, prioritizing user privacy and data ownership in the evolving digital landscape.