Mask Network

Project Overview

Mask Network (formerly known as Maskbook) is a protocol that allows users to encrypt content on traditional social media platforms like Twitter and Facebook. The protocol enables features such as encrypted messaging, crypto payments, and decentralized file storage through existing social networks.

Purpose and Utility

The MASK token serves multiple functions within the ecosystem: governance rights for protocol decisions, access to premium features, and rewards for content creators using the platform. The token is actively used for its intended purposes, particularly in governance voting and feature access.

Technical Implementation

The project operates as a browser extension that adds a layer of Web3 functionality to Web2 social media platforms. This includes encrypted messaging, cryptocurrency transfers, and decentralized storage integration. The development team maintains regular updates and improvements to the platform.

Business Model Analysis

The business model focuses on enhancing social media privacy and enabling Web3 functionality without requiring users to leave traditional platforms. Revenue is generated through premium features and ecosystem growth rather than lending or interest-bearing activities.

Development Activity

The project shows consistent development activity with regular GitHub commits and protocol updates. The team maintains transparency about development progress and future roadmap.

Token Distribution

The token distribution includes allocations for team members and early investors with standard vesting periods. While there is a significant allocation to the founding team, the vesting schedules are transparent and designed to align long-term incentives.