Mask Network (MASK)

Wat is Mask Network?

Mask Network is a protocol designed to enable Web3 features and encrypted communication directly on existing social media platforms, acting as a bridge between the current internet and the decentralized web. The project was launched in 2021 and was founded by Suji Yan. Its primary function is to allow users to send encrypted messages, interact with decentralized applications, and manage digital assets without leaving familiar social media interfaces. By integrating these capabilities, Mask Network provides users with tools for a more private and user-controlled online experience. It operates within the social and Web3 categories of the digital asset space, focusing on enhancing current platforms with decentralized technology.

Hoe werkt Mask Network?

As an ERC-20 token, Mask Network operates on the Ethereum blockchain, which uses a Proof-of-Stake (PoS) consensus mechanism. This system relies on validators, rather than miners, to confirm transactions and add new blocks to the chain. Validators are chosen to create blocks based on the amount of cryptocurrency they have staked as collateral.

The primary participants in this network are validators and nodes who maintain the network's operation. Validators are responsible for processing transactions and proposing new blocks, for which they receive rewards. Nodes store a copy of the blockchain's data, ensuring its distribution and accessibility across the network.

When a user sends a MASK transaction, it is broadcast to the Ethereum network for validation. Validators then bundle this transaction with others into a new block and propose it to the network. Once other validators attest to the block's validity, it is added to the blockchain, and the transaction is considered final.

Mask Network-toepassingen

Mask Network tokenomics

The tokenomics of Mask Network's MASK token are defined by a fixed supply model. The maximum supply of MASK is capped at 100,000,000 tokens, and no additional tokens can be created beyond this limit. This establishes a hard cap on the total number of tokens that will ever exist, creating a deflationary characteristic by design. As of current data, the circulating supply is also 100,000,000 MASK, which indicates that the entire token supply has been released into the market. This state is often referred to as being fully diluted. The fixed supply model ensures that the token's availability is finite and predictable for all participants in the network.

Prijsontwikkeling en mijlpalen van Mask Network

Mask Network (MASK) launched in 2021, introducing its protocol for integrating Web3 features into existing social media platforms. The token's price history shows volatility, a common characteristic in the digital asset market. According to available data, MASK reached its all-time high of $97.92 on February 24, 2021. The token's all-time low was recorded at $0.3326 on June 6, 2026. These price points reflect the extremes in its trading history since its inception. Based on its market capitalization, Mask Network currently holds a rank of 480 in the broader cryptocurrency market, indicating its relative position among thousands of other assets.