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. 

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

• 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.

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.

• 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.

• 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.

• 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.

• 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.