Editors Note: This article comes fromBlocklike（ID：iblocklike）, reprinted by Odaily with authorization.
Editors Note: This article comes from
, reprinted by Odaily with authorization.As early as February 11th, Mask Network officially announced that it will issue its own token Mask, which will be sold in the latest ITO (Twitters initial offering).
In many community-made Mask new strategies, it is generally recommended to prepare $500-$800 of ETH for the Gas fee required for the snap-up. Masks initial ITO plan was postponed due to the traffic overload of the Ethereum RPC provider QuikNode, and the subsequent second and third rounds of ITO flooded in with a large number of community participants at home and abroad.
At present, the off-market price of Mask has been pushed up several times. After the completion of the third round of ITO today, Mask announced an airdrop for all traders who participated in the ITO contract interaction. Everyone has a share once again boosted investor sentiment.There are many reasons for community investors to participate in Mask on a large scale, and the innovative ITO method is one of the most important. Users with an optimistic view think: ITO is the Coinlist of the encryption community.
Initial Twitter Offering (ITO)This is a new distribution method with a strong community style.ITO means Initial Twitter Offering (Initial Twitter Offering, referred to as ITO). This release of Mask has made more people understand this innovative concept.According to the official introduction, ITO is a new type of token issuance and subscription. The ITO allows any Twitter user to subscribe without leaving the Twitter platform itself.In terms of operation, participating in ITO is very user-friendly. Before users participate, just download and install the Mask plug-in. Then, new users can follow the prompt steps to create an identity and connect their Twitter account. When a user creates an identity, Mask Network will automatically create a new ETH wallet address for the user. Similarly, it also supports importing the users own original wallet.To some extent, this method improves the interactive experience of simple wallets, DeFi, NFT, etc.
(After the Mask Network plug-in is installed, find the relevant tweets to start ITO)This is a new issuance method following ICO, IEO, and IDO.Looking back on 2017, ICO (Initial Coin Offering) broke through many limitations of traditional financing methods, linking funds with the Token issued for the projects initial public offering, which ushered in a surge in blockchain projects and triggered a surge in the digital currency market. bull market. However, the exposure of disadvantages such as low thresholds and lack of supervision eventually became the reason for the end of the bull market.By 2020, traditional ICO and IEO activities are progressing slowly. After the market turns its attention to DeFi, IDO (Initial Decentralized Offering) has become a new crypto-native issuance method, and it will gradually become popular as DeFi users expand. However, it is difficult to avoid complicated pre-processes in these methods.From the perspective of development direction, ITO is more like a function based on IDO. According to the idea of Mask Network, Mask starts from the perspective of obeying the users usage habits. For many users who are used to and use DeFi, most of the information and user behavior are based on Twitter, and the shorter user process has become the core distinguishing point of ITO.
The community talks about Web 3.0 againIf SushiSwap initially obtained traffic from UniSwap, then Mask is more like directly taking over traffic from Twitter.According to official data, since its release on April 1, 2019, the number of Mask Network plug-in users in Chrome has exceeded 10,000. It can be speculated that the user base of this ITO is not low.This is the third ITO of Mask Network.Mask Network has conducted two ITOs before, the first being the LRC of Loopring. Through the new method of ITO, the token was sold out in less than 5 minutes.The second ITO is Mirror Protocols synthetic asset mTSLA.This is a very innovative variety, introducing the currently highly topical Tesla stock. Through the mapping of the Mirror Protocol, real-world stocks are converted into digital world assets mAsset ($mTesla), and users use native digital assets as a medium of exchange, reducing the complicated process required to buy U.S. stocks in reality.In the overseas encryption community, some users refer to ITO as Web 3.0 links Web 2.0.In fact, with Crypto and blockchain open protocols, many changes are actually happening.Dont equate Web 3.0 with the Polkadot series. You dont understand what Web 3.0 is at all. The feature of Web 3.0 is that data rights return to individuals. From the DeFi community, we media exploration cat thinks so.Some industry analysts believe that for a long time, Web3.0 has been called the embryonic form of the next-generation Internet. Generally speaking, the vision of Web3.0 is to break the monopoly of platforms and establish a new global digital economic model. In this model, the intermediary platform that creates value by promoting the transaction interaction between different user groups or users will be eliminated, and producers and consumers will be directly matched together, and more favorable treatment will be given to both parties. And user data has become a moat between platforms.Through the application of blockchain technology and economic settings, it is also one of the visions of Web3.0 to realize the return of the data value created by users in the interaction process to users. The introduction of the concept of ownership economy also gave the market new thinking on the evaluation of blockchain projects.From the perspective of ownership economy, rewards are just icing on the cake. They are more of a means of binding and motivating the community. The blockchain must first have a clear business before there will be positive feedback, otherwise it will be funds idling. The community began to rethink Web3.0, thinking that it should not be limited to native blockchain products, but think about the broader Web2.0 world.If it is too difficult to let users leave the traditional Web2.0 platform and switch to Web3.0, then ITO may bring more new ideas.
