How To Buy Mask Network (MASK)?

A common question you often see on social media from crypto beginners is “Where can I buy Mask Network?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. Thanks to its massive popularity, you can now buy Mask Network on most cryptocurrency exchanges, including Coinbase and Binance in 3 simple steps.

Step 1: Create an account on an exchange that supports Mask Network (MASK)

First, you will need to open an account on a cryptocurrency exchange that supports Mask Network (MASK).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Mask Network (MASK) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Mask Network (MASK)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Mask Network (MASK) or Mask Network (MASK) trading pairs. Look for the section that will allow you to buy Mask Network (MASK), and enter the amount of the cryptocurrency that you want to spend for Mask Network (MASK) or the amount of fiat currency that you want to spend towards buying Mask Network (MASK). The exchange will then calculate the equivalent amount of Mask Network (MASK) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Mask Network (MASK) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Through the usage of the Mask Network extension, users are provided with access to the world of the decentralized web, also known as Web 3.0. Mask Network functions as a gateway. Instead of building an entirely new platform, Mask Network acts as a bridge between Web 2.0 and Web 3.0. This gives users the ability to access Web 3.0 while still using their preferred mainstream platform. The term “internet” is often misunderstood by the general public and is instead synonymous with Web 2.0. Reclaiming decentralized control of user data and developing a censorship-resistant, open internet powered by new technologies such as the blockchain are two primary goals of the Web 3.0 initiative.

The problem that Mask Network is attempting to solve is the fact that technology companies currently control the majority of the internet. These companies have a significant amount of power over how users interact with the online world, including what users publish, what users see, and who they communicate with. Users often do not have total control of the material that they post onto Web 2.0 platforms because these platforms may make content disappear if it does not comply to the standards that firms have established. In addition to this, the platform is of the opinion that several problems have been brought to light on social media. Users can only rarely make payments over international borders, have little storage capacity for long-term data, and do not have access to encryption that is really safe. The social media platforms profit off the data and work contributed by users, but individuals have little power to stop this from happening.

The extension known as Mask Network works at resolving the previously outlined problems that have persisted for some time. Users are able to link their wallets, log in using their Mask IDs, and install the Mask Network extension, all of which are instructions that can be found on the website. Users will be able to use well-known Web 2.0 sites that also have Web 3.0 connections in this manner. Blockchains such as Ethereum, Binance Smart Chain (BSC), Polygon, and others are supported by the extension for the Mask Network. In addition, Mask Network is compatible with a wide variety of social networking websites, including Twitter and Facebook.

Who are the founders of Mask Network (MASK)?

The Mask Network was established by Suji Yan, who also serves as the platform’s Chief Executive Officer. Suji Yan is now serving as a mentor for the RadicalxChange Fellowship and has written articles in collaboration with the organization. His work has been featured in a variety of publications, including the South China Morning Post, Wired, the New York Times, and the Wall Street Journal, amongst others. At the moment, he is focusing his attention on open source, encryption, and the preservation of personal privacy.

What is the MASK Token?

The native token of MaskDAO, which is the decentralized autonomous organization (DAO) that governs the Mask ecosystem, is $MASK. The Initial Twitter Offering (ITO) function of Mask was used in February 2021 when the Mask Network debuted its $MASK cryptocurrency. An initial coin offering (ITO) is a feature of a decentralized asset offering that gives consumers the ability to take part in token launches directly on Twitter. By either creating a new token or giving a discount on their already-existing tokens, projects may reward consumers or boost awareness via initial coin offerings (ITOs).

At the moment of the genesis, a total of 100,000,000 $MASK tokens were generated. Due to the fact that $MASK serves as the governance token for the MaskDAO, each $MASK grants its owner one vote on matters pertaining to the DAO. Over the course of time, the team behind Mask Network and the members of its ecosystem will develop additional blockchain social media products and services. One example of this is the Mask Grant Program, which will offer monetary assistance to projects that have the potential to contribute to or be integrated into the crypto ecosystem that Mask Network has created. 

Official website: https://mask.io/

Best cryptocurrency wallet for Mask Network (MASK)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Mask Network (MASK)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).

• Market Capitalization And Daily Trading Volume
• Current Market Price Of Every Cryptocurrency Relative To USD (And Some Local Currencies)
• Circulating And Total Supply
• Historical Charts With Prices Relative To USD, Bitcoin (BTC), And Ethereum (ETH).