Mask Network (MASK) Live Price and charts Today

What is $MASK token?

$MASK is the native governance token of MaskDAO. The DAO is made of $MASK holders responsible for making decisions on all matters related to $MASK and the parameters and usage of the fund in Reserve. MASK token holders vote by staking their token on proposal contracts during the voting period. $MASK also serves as an incentive to facilitate governance. Only $MASK that has been locked in governance for the past seven days before a proposal voting session can be used to cast a vote during the voting period. Each $MASK represents one vote.

What is the tokenomics of $MASK?

The total supply of $MASK is 100,000,000. The initial circulating supply (9,000,000 $MASK) is made up of the Public Sale of $MASK, the liquidity pool, and airdrop. The rest of the token will be unlocked for 36 months by Feb 2024. The token release schedule is displayed below.

• Foundation Reserve is governed by MaskDAO and is used for things, including providing community grants, developing developer community, building the ecosystem, providing operations grants, creating partnerships and collaborations, etc.
• For tokens distributed to the core team, every team member is subject to the same lock-up period of 36 months with a 6-month cliff.
• Token Round: Mask Network raised funds from investors over the years at 5 different price levels with different vesting plans.
• Airdrop: The airdropped tokens are not subject to lock-up.
• Public Offering: There are two rounds of Public Offering. The first round will be fixed-price token sales using ITO with an allocation of 3% of the total supply. The second round is an auction using Balancer liquidity bootstrap pool, with an allocation of 4% of total supply. Tokens from public sales are not subject to lock-up.

• Initial Liquidity Pool: 1% of the token is used to launch a liquidity pool on Uniswap.