Mask Network Price

Mask Network is a software suite that bridges the divide between Web2 and Web3 services. Mask Network’s browser extension allows users of social media platforms like Facebook, Twitter, and Minds.com to enrich their experience with advanced token swap and pricing info widgets, encrypted messages, non-fungible token (NFT) capabilities, and decentralized file storage powered by Arweave. Mask Network supports Ethereum, BNB Smart Chain, Polygon, Arbitrum, and xDai.

Here’s a quick overview of key facts about Mask Network and its core blockchain features:

• Mask Network is a social media extension and mobile application that brings Web3 functionality to Web2 services
• Mask Network is available on Chrome, Opera, and Firefox as well as on iOS and Android mobile devices
• The network supports Ethereum, BNB Smart Chain, Polygon, Arbitrum, and xDai
• Mask Network allows users to tap into NFTs, DeFi, decentralized storage, and other Web3 services
• MASK is the native token of the Mask Network crypto network, allowing users to participate in ITOs and project governance via MaskDAO
• MASK’s supply is capped at 100,000,000 coins, 7% of which were sold to public investors in the ITO

What is Mask Network (ORY) and how does it work?

Mask Network is a Web3 solution that supports Facebook, Twitter, and Minds.com social media networks. With the Mask Network browser extension, users can send and receive encrypted messages, participate in a unique crowdfunding model known as the Initial Twitter Offering (ITO), and enhance their social media experience with token swap and pricing info widgets.

In addition, Mask Network, which currently supports Chrome/Edge, Opera, and Firefox desktop browsers as well as iOS and Android mobile devices,  allows users to create their Web3 persona, along with NFT profile pictures, and claim crypto airdrops, participate in ITOs, and tap into the decentralized cloud storage powered by Arweave.

Launched in February 2021, Mask Network’s native MASK token allows holders to participate in token launches and airdrops and take part in Gitcoin grant campaigns on Twitter. In addition, MASK is the native governance token of MaskDAO, a decentralized autonomous organization (DAO) of the Mask Network ecosystem. 

Creation of Mask Network

The Ethereum-based decentralized social media-oriented protocol Mask Network was launched in 2019. The goal of the US-based company is to bridge the gap between Web2 and Web3, or more precisely, bring the familiarity of Web2 products to users of the Web3 realm.

In February 2021, the company started an ITO for the MASK token that raised more than $7,400,000 in the span of three days. 

Mask Network Price History

The price of Mask Network coins was $0.90 during the MASK token sale. After the token started trading on cryptocurrency exchanges, it quickly surpassed the $20 mark. The MASK token price has since fluctuated quite a bit.

Here is what the historical MASK price data tells us about key milestones in the token’s price history:

• $5 - The price of the MASK token surpassed $5 in February 2021, during an extensive bull run in the broader crypto market
• $10 - The Mask crypto token’s price reached $10 in March 2021
• $20 -  The price of the MASK coin surpassed $20 in the last days of March 2021

For a glimpse into potential future MASK price movements in addition to the MASK live price, you can follow our algorithmically generated Mask Network price predictions that take into account MASK’s current price and a number of market indicators, including Fear & Greed Index, market sentiment, overall volatility, and more. You can also check the up-to-date market rate of 1 MASK to USD via our handy crypto-to-fiat and crypto-to-crypto conversion feature.

Mask Network Market Cap 

The market cap of Mask Network has reflected high volatility in the crypto market ever since the token first became available to the broader community following 2021’s public token sale. MASK’s market cap chart has been virtually directly aligned with the price movements of MASK due to the token’s capped supply.

Here’s what the historical MASK price charts tell us about the crypto’s most notable market cap milestones:

• $100 million - The market cap of Mask Network reached $100 million almost immediately after the end of the token sale in February 2021
• $200 million - The total value of all MASK in circulation surpassed the $200 million mark in March 2021
• $500 million - In November 2021, Mask Network reached the half-a-billion-dollar mark

Mask Network Supply

Mask Network has a total supply of 100,000,000 MASK. The project abides by the following tokenomics model:

• Token Sale: 7%
• Team Fund: 23%
• Foundation Reserve: 39.95%
• Early Investors: 14.25%
• Token Round: 14.20%
• Airdrop: 1%
• Liquidity Pool: 1%