Mask Network Token Distribution Mechanism: The team holds 23.6% and will airdrop to the DeFi and Web3.0 communities

Rhythm BlockBeats news, on February 11, according to the official news of Mask Network, the governance token MASK will be launched, with a total of 100 million creation tokens, due to the distribution of tokens by the team and early investors There is a lock-up period, so the tokens will complete the full circulation process in 3 years.

Official reminder: Up to now, MASK tokens have not been opened for trading on any platform.

The specific circulation situation is as follows:

Estimated annual MASK market circulation data As shown below:

MASK token distribution is as follows:

Genesis total: 100 million;

VC round: 14.2% (14.2 million)

Early investor round: 14.25 % (14.25 million pieces)

Mask Network The number of tokens and lock-up period obtained by early investor investment institutions will be based on the following five Classification:

The unit price of angel round tokens is 0.08 US dollars, and a total of 8 million pieces will be issued, which will be unlocked linearly in 18 months and will start to unlock after 6 months;

The unit price of the seed round tokens is 0.13 USD, and a total of 6.25 million tokens have been issued, which will be unlocked linearly in 18 months;

The unit price of the A round of financing tokens is 0.2 USD, and a total of 2.85 million tokens have been issued 18 months of linear unlocking, starting to unlock after 6 months;

The unit price of the B round of financing tokens is 0.3 US dollars, a total of 574 issued, 12 months of linear unlocking, 6 months

The unit price of the C round of financing tokens is 0.5 US dollars, a total of 5.61 million tokens will be issued, and the unlock will be linear within 12 months;

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The number of tokens held by the team: 23.6% (23.6 million), Each team member has the same 36-month lock-up period and 6-month linear unlock period;

The number of foundation tokens: 39% (39 million pieces), Foundation reserves are managed by MaskDAO;

Number of public sale tokens: 7% (7 million pieces)

The public sale will be conducted in two stages. The first phase will be a fixed-price token sale using the ITO, allocating 3% of the total supply.

The second stage is to use the Balancer liquidity self-service pool for auction, and the configuration accounts for 4% of the total supply.

There is no lock-up period for public sale tokens.

The number of tokens in the liquidity pool: 1% (1 million pieces)

The first transaction will On Uniswap, the team needs to provide liquidity for the MASK liquidity pool. The initial liquidity pool will be established by the Mask team. An updated article will be published with specific content in a few days.

Amount of airdrop tokens: 1% (1 million pieces)

The airdrop is not only to MASK Network community, and airdrops to the wider DeFi and Web3.0 communities. There is no lock-up for airdropped tokens.

According to the official introduction, the governance of the Mask Network ecosystem is carried out by MaskDAO, which is composed of Mask token holders. It is the final decision maker on all matters related to MASK, including participation in determining the parameters and use of funds in the reserve. MASK token holders need to pledge their tokens to the proposal contract during the voting period before they can vote. Voting periods typically range from 1 hour to 3 days. During the voting period, only MASK locked in governance 7 days before the proposal voting meeting can be used to vote.

Official Reminder: MASK tokens are not yet traded on any platform, everything is official Information prevails.

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