Hi everyone.
I hope you are all well. 👍
In these days when the digital currency market is very hot, I thought I would write an article about a new and good currency.
I hope it is useful.

Mask Network is a decentralized portal that allows users to seamlessly send encrypted messages to others. In fact, this network introduces itself as an open Internet where you can encrypt your messages and chats on social networks and only allow your friends to decrypt.

What is a Mask Network?

Mask Network is a protocol that allows its users to send encrypted messages via Twitter and Facebook. It basically acts as a bridge between the Internet and a decentralized network that runs on it.

The Mask Network was launched in January 2019, and its first use was to allow Facebook and Twitter users to encrypt posts on social media.
The project raised 2 million dollar in a fundraiser in November 2020 in collaboration with HashKey and Hash Global, and raised another 3 million dollar in February 2021 in partnership with Digital Currency and Fundamental Labs.

The Mask network now has the ability to credit Gitcoin applications directly from Twitter, as well as programs for peer-to-peer payments and decentralized storage performance.

Mask Network is a decentralized portal that allows users to use decentralized applications (DApp) such as cryptographic payments, decentralized finance (Defi), decentralized storage, e-commerce (digital goods / NFTs), and decentralized stand-alone organizations (DAOs). Use an existing community, which they call a decentralized Applet (DApplet) ecosystem.

The Mask Network uses the ITO (Initial Twitter Offering) system, allowing users to participate directly in the issuance of new tokens on Twitter. This type of capital raising is completely new and its example has not been seen yet.

Ability to trade on Uniswap via Twitter

Mask Network has launched a tool that allows Twitter users to trade #Ethereum based cryptographic assets with Uniswap without leaving the social platform.

Using UniSwap and CoinMarketCap, the new Mask tool creates a window with market data and an interface for trading in UniSwap when users hover the mouse pointer over the encrypted asset mark.

Mask (formerly known as Maskbook) tweeted that it hopes to extend the new service tool to other popular social media sites such as Facebook, as well as other decentralized financial protocols (DeFi).

What is a MASK token?

The native token is MaskDAO. DAO owns the mask ecosystem.

MASK holders are members of MaskDAO and through this decentralized autonomous organization or DAO, they own the Mask ecosystem.
MASK is a sovereign token and each number represents a vote in this system. Of course, in addition, the Mask network team and members of its ecosystem are expected to produce more products and services that will increase the value of the MASK token.

Mask Network will actively collaborate with the top Web 3 and Defi projects. The project is currently working with Metamsk, Mirror, #Uniswap, Transak and #CoinMarketCap to increase the value of the MASK token.

How to distribute MASK tokens

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Most MASK digital currency offerings are subject to long-term network lock-in. Circulating tokens consist of public sales, cash pools and airdrop.
All resources created at startup are locked for up to 36 months.

The chart below shows the gradual increase in supply in circulation when the token is opened.

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MASK is priced at $ 18.55 at the time of writing, and its 24-hour trading volume is over $ 40 million.
The cryptocurrency is currently ranked 300th in the crypto market in terms of trading volume and has a market volume of more than $ 183 million.

Masks can be bought and sold at many reputable digital currency exchanges such as Huobi, OKEx and UniSwap.

You can use all wallets that support the Ethereum network to hold this digital currency.
Atomic wallet, Trust Volt, Coinomi, Metamsk and MyEtherWallet are among the wallets in which MASK can be stored. If you want to keep this currency for a long time, I suggest using hardware wallets like Ledger.

Conclusion

In 2021, Mask Network has been able to make itself more and more popular with users. Using an encryption system for social networks can be effective even after a lot of hacking has taken place on these networks.
But its progress depends on the future.