Mask Network
Crypto Overview
Project Overview
Mask Network (formerly Maskbook) is a protocol that enables Web2 users to access Web3 features while using traditional social media platforms. The project aims to bridge the gap between Web2 and Web3 by allowing users to send encrypted messages, trade cryptocurrencies, and access decentralized applications directly through platforms like Twitter and Facebook.
Intended Utility
The MASK token serves multiple purposes within the ecosystem: governance rights for protocol decisions, access to premium features, and rewards for content creators and curators. The token is actively used for its intended purposes, particularly in governance voting and ecosystem incentives.
Actual Usage and Adoption
The platform has demonstrated significant real-world adoption, with active integration on major social media platforms. The project maintains consistent development activity, with regular updates and improvements to its core functionality. On-chain data shows regular token usage for governance and feature access.
Token Distribution and Governance
The token distribution shows a relatively balanced allocation: 35% for ecosystem incentives, 25% for team and advisors (with multi-year vesting), 20% for private sale, and 20% for community initiatives. Vesting schedules are transparent and extend over multiple years, reducing the risk of sudden selling pressure.
Development vs Marketing
The project maintains a strong focus on technical development, with regular GitHub commits and protocol improvements. Marketing efforts are present but not disproportionate to development activities. The team regularly publishes technical updates and maintains transparent communication about development progress.
Revenue Model and Operations
The protocol's revenue model is based on legitimate service provision and does not involve interest-bearing mechanisms or gambling elements. The platform facilitates genuine utility through its Web3 integration services and social networking features.
Crypto Impact
To assign a comfort level investing in Mask Network from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Mask Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.