What did MASK's madness show us?
The recent MASK can be said to be popular in the entire circle. Whether you have just entered the circle or have become an old leek, you only need to invest in MASK now.
Its original ITO financing form has attracted unanimous approval from the market once it was issued, but what is everyone generally aware of about MASK? It is not very clear what problem to solve. Today I will take you to learn more about MASK Network.
Let us first look at the market situation. A total of 3 million MASK tokens were sold in the three rounds of ITO, with prices ranging from $0.85 to $0.95. Each MASK account bound to a Twitter account is limited to 2,000 MASK tokens. The price of IBP starts at $3.9, and the final price is $13.22. The value has soared a lot, but the airdrop and ITO tokens have not yet circulated.
At present, the official has put 4 million US dollars equivalent of MASK, ETH and USDC (worth 2 million US dollars of MASK, 1 million US dollars of ETH, 1 million US dollars of USDC) into the Uniswap pool, instead of the previous decision only in MASK and ETH Invest $1 million each. Unsold MASK in LBP will be reserved as future MASK liquidity supply.
From the actual role of Mask Network, it plays the role of a middleware. Mask Network integrates decentralized privacy social networking, borderless payment network, decentralized file storage and sharing, decentralized finance and governance (DAO) in Integration, so that users can better protect their privacy and rights on traditional social giant platforms such as Twitter and Facebook, and help users create a decentralized application ecosystem, thereby building a network that connects the current Internet and The bridge to a new kind of open web.
The role of middleware is to break the Internet blockade and become a bridge from Web2 to Web3, which is a prerequisite for large-scale applications. A great cause must first build bridges and pave the way, so we see that $LINK and $GRT have been sought after by the market, and capital is the smartest. But it is not enough to have an oracle and a reverse oracle. These two are for machines, and Mask is user-oriented, so that more users can use blockchain products conveniently.
After understanding MASK, we need to know what ITO is all about, because ITO is used in this token sale.
The full name of ITO is Initial Twitter Offering, which means the first issuance of tokens on Twitter. From the literal meaning, we can know that there is an inseparable connection between this ITO and Twitter.
One of the most important features of ITO is that it allows Twitter users to directly subscribe for tokens on the Twitter platform. The reason why Mask Network chooses the ITO model is also very obvious. It wants to use the huge traffic of the Twitter platform to attract traffic for its own projects. From this perspective, Mask Network's ITO has indeed achieved good results.
When Mask Network launched the ITO promotion plan, it also cooperated with Balancer and adopted the LBP sales method to provide Mask with more liquidity. The simultaneous launch of these two sales models has made the launch of Mask a great success.
Among them, MASK has also attracted a lot of controversy due to the token sales model. For example, the first round of ITO panic buying caused a downtime and was delayed for 24 hours. Many people even bought fake MASK tokens, and then returned Some "scientists" took advantage of the loopholes in the second and third rounds, and the proportion of its allocation to the team and foundation was high. Some users complained loudly, and even criticized its founder Sujiyan.
But I think that MASK's products still have some positive effects on existing blockchain products. Most blockchain applications are still in the "self-promotion" stage. Only insiders find it easy to use, and outsiders don't Did not understand the instructions for its use. MASK builds products based on the Twitter user base, which itself is a unique and innovative application product that achieves what it wants to achieve, rather than just relying on white papers or concepts to make money.
However, the share of MASK token airdrop and ITO subscription will be released at 11:00 tomorrow morning. We need to continue to observe how the market reacts.
