Mask Network (MASK)
| Market Cap | $192,891,132 |
|---|---|
| Trading Volume | $108,069,275 |
| Volume / Market Cap | 0.56 |
| Total Supply | 100,000,000 MASK |
| Max Supply | 100,000,000 MASK |
Mask Network is currently trading at $2.8282, after a price change of 6.07% in the last 24 hours.
Ranked as cryptocurrency #131 by capitalization today, MASK market cap is valued at $192,891,132. MASK trading volume reached $108,069,275 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on MASK coin price prediction page.
What is Mask Network?
Mask Network is a blockchain platform that enables users to send encrypted messages, tokens, and decentralized applications through social media. The network functions by bridging Web2 and Web3 allowing users to benefit from the latter without the need for APIs and centralized servers. Mask is built on the Ethereum blockchain and benefits from the network’s proof-of-stake consensus algorithm. The network is currently listed on major exchanges, including Binance, Coinbase, Huobi Global, and Kucoin.
MASK is the governance and utility token native to the Mask Network. The token is managed through MaskDAO, where token holders are enabled to vote on important protocol decisions. There are currently 29,130,722.72 circulating MASK tokens from a total supply of 100,000,000 and a matching hard cap.
The total MASK token supply was minted at the genesis and set to be unlocked in three years. 39.55% of the supply was allocated for reserves, 14.35% for early investors, 23% for the team, and 7% for community public offering. Mask raised $2 million in November 2020 in a funding round led by Hash Key and Hash Global. Another round of $3 million was closed in February 2021. Mask was launched in 2019 by founder Suji Yan with the first use cases enabling Facebook and Twitter users to share encrypted posts on Twitter and Facebook.