Understanding Mask Network
Mask Network empowers users of popular social media platforms to send cryptocurrencies, interact with decentralized applications (DApps), and share encrypted content. The native MASK token serves governance functions within MaskDAO, allowing holders to vote on ecosystem initiatives.
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Current Market Performance
- Price: €1.05 (7% increase from €0.99 24hrs ago)
- All-Time High: €83.02 (Feb 24, 2021) — 99% below current value
- Circulating Supply: 100M MASK (100% of total/max supply)
- Market Cap: €105.53M
Price History Snapshot
| Period | Price | Change |
|---|---|---|
| 24 Hours | €0.99 | ↗7.30% |
| 1 Week | €1.07 | ↗0.40% |
| 1 Month | €2.26 | ↘51.64% |
| 1 Year | €2.25 | ↘48.45% |
Network Technical Details
| Blockchain | Contract Address |
|---|---|
| Ethereum | 0x69af81e73A73B40adF4f3d4223Cd9b1ECE623074 |
| Polygon | 0x2B9E7ccDF0F4e5B24757c1E1a80e311E34Cb10c7 |
| BNB Smart Chain | 0x2eD9a5C8C13b93955103B9a7C167B67Ef4d568a3 |
Core Features and Technology
Mask Network bridges Web 2.0 platforms with Web3 functionality through:
- End-to-end encrypted messaging
- Direct DApp interactions
- Decentralized file sharing
- Gitcoin grant integrations
The protocol generates unique secp256k1 key pairs for each user "character," enabling AES256-GCM encrypted posts with ECIES-protected key distribution via GunDB nodes.
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Frequently Asked Questions
What makes Mask Network unique?
It enables Web3 interactions atop existing social platforms without migration, combining privacy tools with decentralized finance (DeFi) integrations.
Who founded Mask Network?
Suji Yan launched it in July 2019 after establishing Dimension.im. The project raised $5M across 2020-2021 from investors including Digital Currency Group.
How does governance work?
MaskDAO manages protocol decisions through MASK token votes (1 token = 1 vote). Initial supply is 100M tokens with 3-year vesting schedules.
What are the main use cases?
- Private social media interactions
- Cross-platform crypto transfers
- DApp interactions without leaving platforms
- Decentralized storage solutions
Market Position and Trends
- Ranked #190 among Coinbase tradable assets
- 48% of Coinbase users recently increased MASK positions
- 24hr trading volume: €23.61M