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

by Financial Economy

Mask Network coin allows Twitter and Facebook users to use Web 3.0 features. In this respect, it is the native cryptocurrency of the Mask Network platform. The purpose of using Mask Network is to purchase NFTs or distributed storage. Detailed information about what is Mask Network coin MASK, how does it work, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about Convex Finance coin (CVX).

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

Mask Network was first launched in July 2019 with an initial use case that allowed Facebook and Twitter users to encrypt posts on social media platforms. It then raised $2 million in a funding round jointly led by HashKey and Hash Global in November 2020, and another $3 million in February 2021 with participation from the Digital Currency Group and Fundamental Labs.

Based on the ERC-20 base, this coin is also used to distribute rewards on Mask Network. The goal of the Mask coin project is to create a cryptocurrency that acts as a bridge between Web 2.0 and Web 3.0. One of the functions aimed by the project is to allow Mask Network users to switch to a decentralized exchange without leaving the social network. As a result, trades can be executed faster.

Mask Network is a Shanghai-based startup founded by Suji Yan. Prior to founding Mask Network, Yan founded Dimension.im, a series of products throughout the cypherpunk movement aimed at advocating for social freedom, particularly the “Right to Cryptography and Freedom of Interpretation.”

Where to buy mask coin? How much is the MASK coin price?

Mask coin can be purchased from crypto exchanges where it is listed. But before making a transaction, it is necessary to make sure that the relevant exchange is “reliable”.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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