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Mask Network Stock

Mask Network

MASK

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Mask Network Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
COINSPACEMASK/USDT1.21276,176.3310,177.7911.75 M0.18cex2347/9/2025, 6:21 AM
BiboxMASK/USDT1.332,469.192,494.83.6 M1.37cex1797/9/2025, 6:21 AM
AstralXMASK/USDT1.2154,929.7666,991.612.63 M0.42cex337/9/2025, 6:21 AM
IBIT GlobalMASK/USDT1.21272,581.34295,918.191.76 M0.18cex4467/9/2025, 6:21 AM
CoinUp.ioMASK/USDT1.217,123.382,005.281.59 M0.07cex1717/9/2025, 6:18 AM
CoinlocallyMASK/USDT1.21001.4 M0.1cex17/9/2025, 6:21 AM
BYEXMASK/USDT1.21126,193.47172,223.21.38 M0.07cex227/9/2025, 6:21 AM
MillioneroMASK/USDT1.58229,315.65249,892.671.34 M0.11cex1706/15/2025, 5:33 PM
BinanceMASK/USDT1.21177,188.29205,788.771.32 M0.01cex5757/9/2025, 6:23 AM
HTXMASK/USDT1.2120,847.8126,793.721.17 M0.06cex4667/9/2025, 6:23 AM
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Mask Network FAQ

Title: Understanding Mask Network (MASK)

Mask Network is a protocol enabling users to transmit encrypted messages via Twitter and Facebook. It serves as a bridge connecting the internet with a decentralized network operating in parallel. Initially launched in July 2019, Mask Network's first application allowed users of Facebook and Twitter to encrypt their posts on these social media platforms. Subsequently, the network secured $2 million in a funding round co-led by HashKey and Hash Global in November 2020, followed by an additional $3 million funding round in February 2021, with contributions from Digital Currency Group and Fundamental Labs. Currently, Mask Network facilitates the direct funding of Gitcoin grant campaigns from Twitter and has plans to introduce peer-to-peer payments and decentralized storage capabilities. It functions as a decentralized portal that empowers users to engage with DApps, such as crypto payments, decentralized finance, decentralized storage, e-commerce involving digital goods/NFTs, and decentralized organizations (DAOs), seamlessly integrating these features into existing social networks. This integration creates what is known as a decentralized Applet (DApplet) ecosystem. For further insights into Mask Network, visit its profile on Eulerpool.

Founders of Mask Network

Mask Network is an enterprise established by Suji Yan. Before initiating Mask Network, Yan established Dimension.im, a collection of products designed to promote social liberty aligned with the cypherpunk movement, with a particular focus on the "Right of Cryptography and Freedom of Interpretation."

What Distinguishes Mask Network?

Mask Network enables users to enhance the privacy of their online interactions. It facilitates the sending of encrypted messages to friends, the transmission and receipt of cryptocurrency, file sharing, and engagement with decentralized applications (DApps), all within a decentralized framework.

What is the Circulating Supply of Mask Network (MASK) Coins?

In February 2021, Mask Network introduced their MASK governance token, which is designed to facilitate the network's mission of connecting Web 2.0 with Web 3.0. The MASK governance token is managed by a decentralized autonomous organization (DAO) known as the MaskDAO. Token holders are empowered to participate in key decision-making processes within the MaskDAO, with each MASK token equating to one vote. Initially, 100,000,000 MASK tokens were generated, with the remaining supply set to be gradually released over a three-year timeline. The distribution of the MASK supply allocates 7% for a "Community Public Offering," with additional portions designated for the reserve (39.55%), early investors (14.25%), and the team (23%).

How is Mask Network Secured?

Mask Network operates on the Ethereum network, which has transitioned to a proof-of-stake model following the Merge. For further information, refer to Eulerpool.

Where can you purchase Mask Network (MASK)?

Mask Network (MASK) can be purchased on leading exchanges such as Huobi Global, OKEx, Balancer, and 1inch. For detailed guidance on converting fiat currencies to cryptocurrency, refer to the guide available on Eulerpool.

Investors interested in Mask Network are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.