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₹73.86

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₹1.691394

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₹71.66

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₹75.59

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What is Mask Network (MASK)?

Mask Network is a decentralized protocol that aims to bridge the gap between Web 2.0 and Web 3.0. The platform enables users of popular social media platforms like Facebook and X to send cryptocurrency, interact with dApps, and share encrypted content. The platform is powered by its native currency, MASK. 

Who founded Mask Network (MASK)?

Mask Network was founded in 2019 by Suji Yan, a software engineer with experience in the blockchain industry.

Primary features of Mask Network (MASK)

• MASK token: MASK token plays a pivotal role in the Mask Network with utilities such as facilitating on-chain transactions, participating in the MaskDAO governance, and staking their MASK tokens to earn rewards.

• Decentralized transactions: Mask Network allows users to make transactions and trade tokens directly from their social media feeds without the need for centralized exchanges or intermediaries. 

• Promotes data privacy: Mask Network aims to give users more control over their online interactions and data privacy.

• NFT integration: Mask Network enables users to create, view, and trade NFTs directly via social media.

Is MASK a promising cryptocurrency?

Since the launch of MASK, the Mask Network team has continued to develop new features and partnerships, positioning the project as a leading player in the Web 3.0 ecosystem. The token is trading at $2.32 as of September 2024 with a market cap of $232,171,260. MASK is currently the #197 crypto by market cap and #183 by trading volume, making it a popular crypto. It hit an all-time high of of $97.92 on February 24, 2021. With the platform’s focus on Web 3.0 and its innovative features, Mask Network is poised to go up in price in the next few years, with experts estimating around $33.20 by 2030.

Download the CoinSwitch app to invest in MASK.

How do I use MASK?

• MASK can be exchanged, bought, and sold from crypto exchanges to leverage the price fluctuation. 

• The token is used to facilitate all on-chain transactions.

• MASK token holders can vote on ecosystem initiatives via MaskDAO.

• With Mask Network’s staking mechanism, token holders earn rewards by staking their MASK tokens.

Pros & Cons of Mask Network (MASK)

Pros

• The Mask Network processes faster transaction times at lower fees without compromising on privacy and security. 

• The platform offers end-to-end encryption for social media interactions and also enables direct payment on social media platforms.

• With the integration of NFTs, users can sell or buy NFTs on social media platforms.

Cons

• MASK is subject to market volatility which may impact its price.

• Mask’s reliance on Web 2.0 platforms like X and Facebook can be seen as a weakness by some users.

• The concept of bridging Web3 and Web2 offered by the Mask Network might be too complex for some users.

How to trade in Mask Network (MASK) on CoinSwitch?

• To trade in MASK on CoinSwitch, download the app.

• You can start with as low as ₹100.

• With CoinSwitch, users can trade in over 300+ cryptos with just a nominal trading fee.

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FAQ's on Mask Network

1. What is the Mask Network (MASK) coin?

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Mask Network (MASK) is a decentralized platform that enhances social media by allowing users to send cryptocurrency, interact with decentralized applications, and share encrypted content directly on platforms like Facebook and Twitter. Launched in February 2021, the MASK token serves multiple purposes within the ecosystem, including governance, staking, and accessing premium features.

The network acts as a bridge between traditional social media and Web3, providing users with greater privacy and control over their data

2. How does Mask Network (MASK) cryptocurrency work?

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Mask Network (MASK) is a decentralized platform that bridges Web 2.0 and Web 3.0, allowing users to interact with decentralized applications (dApps) and send encrypted messages and cryptocurrencies through popular social media platforms like Twitter and Facebook. Founded by Suji Yan in 2017, it operates primarily as a browser extension and mobile app, facilitating seamless access to the decentralized internet without needing centralized servers or APIs.

3. Is Mask Network (MASK) safe?

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Mask Network (MASK) is generally considered safe due to its focus on privacy and security features, including:

1. Encryption: It allows users to send encrypted messages and files, enhancing data protection.

2. Decentralization: The platform operates on a decentralized model, making it more resistant to censorship and centralized control.

3. Community Trust: Many users do not view it as a scam, indicating a level of community confidence in the platform.

However, potential risks include code defects that could compromise security. Users should practice good security hygiene to mitigate risks.

4. Is Mask Network (MASK) a good investment?

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Evaluating Mask Network (MASK) as an investment involves considering several factors:

1. Potential for Growth: Some forecasts predict a significant increase in MASK’s value, with estimates suggesting a rise of up to 229% by late 2024, reaching around $7.66.

2. Market Trends: Currently, MASK is experiencing bearish trends, indicating volatility that could present both risks and opportunities for investors.

3. Investment Viability: The decision to invest in MASK should be based on individual risk tolerance and investment goals. While some analysts see the potential for high ROI due to market fluctuations, others advise caution.

Ultimately, it’s important for potential investors to conduct thorough research and consider their financial situation before investing.

Highlight

Mask Network is an open-sourced browser extension that brings privacy and benefits from Web3 to Web2 platforms like Facebook and X.

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Mask network Price Statistics

MASK Price Today

MASK Price

₹73.86

Price Change 24h

percent_change_icon

2.29%

Price Change 7d

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7.55%

Market Rank

#358

Market Cap

₹714 Cr.

Trade Vol 24h

₹202 Cr

Circulating Supply

₹10 Cr. MASK

Trading Activity

87% Buy13% Sell

Similar Pages
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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