Mask Network (MASK)
Mask Network provides a simple interface for using various Web3 apps, allowing users to swap assets using Uniswap and SushiSwap—all without leaving Twitter.
Basics
- Based in: Shanghai (17-11-2020)
- Started in / Announced on: 2018
- Mainnet release:
- Twitter privacy tool
- From Decrypt (27-2-2021):
"Mask Network, a browser extension that creates an easy-to-use bridge between Web 3 technologies and Twitter and Facebook"
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
"Allowed users to send encrypted messages and trade tokens directly on social media, launched what it drolly called an Initial Twitter Offering. The “ITO,” which rolled out in three rounds to accommodate investors from all timezones, sold 3% of the $MASK coins it holds in reserve. According to Suji Yan, founder of Mask Network, the ITO sold out, raising nearly $3 million."
Token Allocation
Utility
- Governance token (17-11-2020).
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Built on: Ethereum, Binance Smart Chain, and Polygon (28-10-2022)
How it works
Fees
Upgrades
Staking
Liquidity Mining
Scaling
Interoperability
Other Details
Privacy Method
Oracle Method
Their Other Projects
- It also enables users to display non-fungible tokens (NFTs) on their social media profiles and make bids on marketplaces such as OpenSea or Rarible.
Roadmap
- Can be found [Insert link here].
Usage
"The protocol currently has over 800,000 downloads across its product suite but only 30,000 active users."
Projects that use or built on it
"Mask Network currently partners with companies such as Arweave to send encrypted files and MakerDAO for users to send DAI via Twitter “red envelopes,” which founder Ethereum founder Vitalik Buterin took advantage of this Chinese New Year."
Competition
Pros and Cons
Pros
Cons
Had investment from bankrupt Alameda Research/FTX. This could mean fall-out risk.
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
- Suji Yan; founder
Funding
"Announced a $2 million funding round Tuesday co-led by HashKey and Hash Global. Other participants included Alameda Research, Sino Global and personal investors including Balaji Srinivasan, who touted the network back in September."
"This strategic investment is part of Binance’s $100 million accelerator fund for developers to build blockchain projects on Binance Smart Chain and Mask Network will work closely to build the Multi-Chain Universe."
Partners
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