Mask Network

Purpose and Utility

Mask Network (MASK) is a protocol that enables Web2 users to access Web3 features seamlessly. It serves as a bridge between traditional social media platforms and the decentralized web, allowing users to send encrypted messages, trade cryptocurrencies, and interact with decentralized applications without leaving platforms like Twitter or Facebook.

Core Features

The protocol includes encrypted messaging, decentralized file storage and sharing, and a decentralized payment network. MASK tokens serve as the native cryptocurrency of the platform, used for governance, staking, and accessing premium features.

Business Model and Implementation

The project generates value through its ecosystem of decentralized applications and services. Users can utilize MASK tokens to pay for premium features, participate in governance decisions, and stake tokens to earn rewards from network activities. The business model is transparent and focused on providing legitimate Web3 services.

Current Usage and Development

Mask Network has demonstrated real-world adoption through its browser extension, which has over 500,000 users. The project maintains active development on GitHub, with regular updates and improvements to its core infrastructure. Notable partnerships include integration with Twitter, Arweave, and various DeFi protocols.

Token Distribution and Governance

The initial token distribution allocated 35.5% to private sale, 30% to the team and advisors (with vesting schedules), 14.5% to the ecosystem fund, 10% to the treasury, and 10% for public sale. The vesting schedule for team tokens extends over 3 years, indicating a long-term commitment to the project.

Revenue Model

The protocol generates revenue through protocol fees and premium features, which are distributed to token holders and ecosystem development. This model does not involve interest-bearing mechanisms or prohibited activities under Islamic law.