As Web3 technology accelerates, MASK (Mask Network) cryptocurrency is drawing attention as a unique entity that bridges the world of social media, which we use daily, with the blockchain. Its innovation, allowing users to leverage privacy protection and crypto functionalities without leaving existing social media platforms, truly foreshadows the “next-generation digital experience.”
This article will clearly explain the information investors and those interested in Web3 need to know, from MASK’s basic information to its tokenomics, price trends, and future prospects. Let’s explore the potential MASK holds together.
Table of Contents
- What kind of project is this currency? Basic information and background of its creation
- Tokenomics and Supply Structure: What numbers should investors care about?
- Market Movements: Price Charts and Volatility Trends
- Is it actually being used? Checking Use Cases and Future Potential
- Future Outlook and Considerations: Is this currency a “buy”?
What kind of project is this currency? Basic information and background of its creation
“Mask Network” is a project that integrates Web3 functions into existing social media platforms like X (formerly Twitter) and Facebook. With a dedicated browser extension, it allows for encrypted messages, cryptocurrency transfers, NFT viewing and trading, and file uploads to decentralized storage directly on social media. This approach, introducing Web3 technology into existing social media to address the privacy issues of centralized social networks, feels groundbreaking.
This project was founded in July 2019 by Suji Yan, who emphasizes the protection of individual privacy. Mask Network aims to transform existing social media into more secure and feature-rich platforms, rather than prompting a migration to new decentralized social networks, which will lower the barrier to entry for Web3.
Mask Network Basic Information
| Item | Details |
|---|---|
| Currency Name | Mask Network |
| Symbol | MASK |
| Total Supply | 100,000,000 MASK |
| Consensus Mechanism | PoS (Proof of Stake) |
| Supported Chains | Ethereum, BSC, Polygon, and over 15 others |
| Founder | Suji Yan |
Source: Mask Network Official Website, CoinDesk Japan, Crypto.com
Tokenomics and Supply Structure: What numbers should investors care about?
MASK is a governance token that determines Mask Network’s operational policies. Holders participate in the project’s DAO (Decentralized Autonomous Organization) and can exercise voting rights on important decisions such as adding new features, system changes, and blockchain compatibility priorities. This is the core of the decentralized model where all participants grow the project together.
What investors should pay attention to is that the total supply of MASK is fixed at 100 million tokens. This is the maximum supply, and the current circulating supply is also stated to be 100 million tokens. Cryptocurrencies with a capped supply tend to increase in value due to scarcity. The stability of the supply might be a comforting factor.
Mask Network adopts Proof of Stake (PoS) as its consensus mechanism. PoS consumes less power and is more environmentally friendly compared to PoW. Unfortunately, as of June 2025, MASK cannot be directly staked, but we can hope for future service expansions.
Market Movements: Price Charts and Volatility Trends
The price of MASK has fluctuated significantly due to cryptocurrency market trends, project-specific news, and external factors. It has indeed shown high volatility.
It was listed on overseas exchanges in February 2021, initially at around **$13.6**, and on February 25th of the same month, it reached an all-time high of $97.92. This was a result of the unique “SNS × Web3” concept being recognized.
During the market downturn of 2022, it dropped to around **$1**, but then suddenly surged in October 2022 with news of Elon Musk’s acquisition of Twitter, being treated as a “Twitter-related stock,” reaching approximately **$14.5** in just a few days.
In 2023, with the advent of the Social-Fi boom, it recovered, rising from approximately **$1.85** at the beginning of the year to approximately **$3.60** by year-end. However, in 2024, competition intensified with the emergence of rivals like Lens Protocol, and the price saw a slight decrease from approximately **$3.25** at the beginning of the year to approximately **$3.02** by year-end. The current price is approximately $1.31.
MASK Price Trend Highlights
| Period/Event | Price Movement (approx.) | Main Factors |
|---|---|---|
| February 2021 Listing | $13.6 | Listing on major exchanges, DeFi/Web3 expectations |
| February 25, 2021 | ATH $97.92 | Unique “SNS × Web3” concept recognized |
| October 2022 | Sudden surge from $1 to $14.5 | News of Elon Musk’s Twitter acquisition |
| 2023 | Recovered from $1.85 to $3.60 | Social-Fi boom, ecosystem expansion |
| 2024 | Slight decrease from $3.25 to $3.02 | Increased competition due to emergence of rivals |
| Current (as of July 2025) | Approx. $1.31 | Overall market fluctuations, individual project progress |
Source: Crypto.com, CoinDesk Japan, meta land (Prices fluctuate and are for reference only)
Is it actually being used? Checking Use Cases and Future Potential
The true value of MASK lies in its concrete use cases that extend daily social media usage into the Web3 world. Its functions are diverse and will bring new value to digital life.
- Sending and receiving encrypted messages: Safely conduct private conversations on social media.
- Sending and receiving cryptocurrencies: Directly exchange cryptocurrencies on social media, making Web3 more accessible.
- Viewing and trading NFTs: Display NFTs from your wallet on social media, or even trade them directly.
- File uploads using decentralized storage: Encrypt and share images, videos, and even PDFs, with view restrictions.
Mask Network also has an “ITO (Initial Twitter Offering)” function that allows token sales for new projects to be conducted on X (formerly Twitter). The ease of purchase without leaving the platform offers significant benefits to both projects and users.
For future prospects, the increasing demand for SNS privacy and the growth of the Social-Fi market are tailwinds. With stricter data privacy regulations, Mask Network’s value will likely increase. The trend of Social-Fi, where creators can receive direct support from fans, is also expected to expand.
Furthermore, DWF Labs’ purchase of approximately $5 million worth of MASK, among other strategic fundraising efforts, strengthens the project’s growth foundation. This indicates a high valuation of Mask Network’s future potential and contributes to increased trustworthiness.
Future Outlook and Considerations: Is this currency a “buy”?
Mask Network has the potential to enrich digital communication as a bridge between Web2 and Web3. The growing need for privacy protection will likely be a long-term growth driver for this project.
However, investments always require caution. One concern is the adoption trends of decentralized social networks. If platforms like Bluesky or Threads attract many users away from existing social media, it could impact Mask Network’s business model. Also, the fact that MASK cannot be directly staked as of June 2025 is a point that investors seeking passive income should consider.
So, is MASK a “buy”? The final decision depends on individual risk tolerance and market outlook, but the value of “seamless integration of existing social media and Web3” could play a crucial role in the general adoption of Web3. The growing need for privacy and the expansion of the Social-Fi market will be tailwinds for MASK.
However, the cryptocurrency market is characterized by high volatility. MASK is no exception, so when considering an investment, always gather the latest information yourself, fully understand the risks, and make a careful decision.
MASK can be purchased on various exchanges, including some major international ones. If you’re using an exchange, ensure it supports MASK and understand any transfer fees or processes involved.