Editor's Note: This article comes fromBlock beats BlockBeats (ID: BlockBeats), reprinted by Odaily with authorization.
Editor's Note: This article comes from
Block beats BlockBeats (ID: BlockBeats)
Block beats BlockBeats (ID: BlockBeats)
, reprinted by Odaily with authorization.
Mask Network officially issued an article on February 17th, introducing in detail the issuance rules of Mask Network token MASK and the ITO subscription and airdrop collection tutorials. Rhythm BlockBeats organizes it as follows.
MASK distribution rules
Note: MASK has not yet been issued and is not in circulation anywhere.
Total amount: 8% (locked for 1-4 days)
Initial Twitter Offering (ITO)
Initial Twitter Offering (ITO): 3%
Liquidity Startup Pool (LBP): 4%
Airdrop: 1%
Initial Twitter Offering (ITO)
The public offering of Mask Network will first be carried out through Mask Network's exclusive function - Initial Twitter Offering (ITO), which allows any Twitter user to subscribe without leaving the Twitter platform itself.
Mask Network has conducted two ITOs before. The first one was the LRC of Loopring, which was sold out within three minutes. The second ITO is Mirror Protocol's synthetic asset mTSLA.
In order to achieve the fairness of token distribution, the ITO of MASK will be held for 3 consecutive rounds, and the pricing will gradually increase.
MASK can be subscribed through USDT, USDC, DAI, BUSD, HUSD and ETH. Each address can subscribe up to a maximum of 2,000 MASKs per round.
The MASK subscribed during the ITO period will be temporarily locked, and will be unlocked at 11 am on February 26, 2021, Beijing time.
Liquidity startup pool
Subsequently, Mask Network will use Balancer's LBP to purchase 4% of MASK tokens.
When designing the public sale, Mask Network followed the two principles of fairness and user-friendliness, specifically:
(1) Allow ordinary people to participate fairly, without having to compete with robotic scientists.
(2) Prevent manipulation of token prices and let the market determine the fair value of tokens.
(3) To simplify the process, any user can create a wallet on Twitter and apply for $MASK.
MASK LBP Details (total duration 36 hours)
End time: 11:00, February 25, 2021, Beijing time
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Duration: 36 hours
Number of tokens: 4,000,000
Subscription Currency: USDC
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Inspired by projects such as Uniswap and Badger, Mask Network will expand the scope of airdrop objects to participants of Mask Network and the entire Web 3.0 ecosystem.
The unclaimed part will be airdropped again to eligible new Mask Network and other social software client users within the next 3 to 12 months.
governance
Classification of Airdrop Reward Objects
Donor
Airdrop rewards will be distributed to all users who have contributed to Gitcoin in two different rounds or more (8 rounds in total so far). Mask Network has released Gitcoin donations many times, and all addresses that donate to Mask Network's Gitcoin Grant project before January 1, 2021 will receive more rewards.
governance
The airdrop rewards will be distributed to voting users on Snapshot, as well as voting users of other core protocols whose governance systems are not on Snapshot, such as Maker, Compound, AAVE, and Curve, and the time will end at 8 am on January 2, 2021, Beijing time. Voting users who are active in multiple projects will get more rewards. Any user who casts more than 2 votes will be rewarded, and those who vote more than 10 votes will be identified as heavy users and get more.
ENS user
Anyone who binds ENS to Twitter account will be rewarded until February 16, 2021, Beijing time.
Mask product users
Mask Network collects on-chain interaction data of Mask Network contracts, such as encrypted red envelopes, NFT and ITO, etc. Users who have used these three functions before February 16, 2021, Beijing time will be rewarded.
Time to check and claim the airdrop
Users can check whether they have airdrop rewards on February 21, 2021, the day before the first round of ITO starts, but they can only claim airdrops 24 hours after the end of LBP.
Future Incentive Program
The core of this airdrop is to give back to the early users of Mask Network and inspire users of the Web 3.0 and DeFi ecosystem. In the future, Mask Network will encourage more traditional Internet users to enter the Web 3.0 ecosystem. The detailed incentive plan will be determined by MaskDAO.
Trading start time
Mask Network will put US$1 million worth of MASK and ETH (a total of US$2 million) into the Uniswap pool in accordance with the ratio determined by the LBP auction. The time will be earlier than 11 am on February 26th, Beijing time, that is, within 24 hours after the end of LBP.
Any MASK trading pairs created by themselves before the official establishment will have very low liquidity, and it is not recommended to obtain MASK tokens from them.http://mask.ioParticipate in tutorials
How to install Mask Networ
-download
click
Download and install the Mask plugin;
You can also search for Mask Network in the Chrome or Firefox add-on store and install it.
- Install
(1) New users can install for the first time according to the prompt steps, create identity -> connect Twitter account;
(2) Mask Network will automatically jump to the Twitter page and identify your username. After confirming the username, click "Connect";
- Set up wallet
(1) Mask Network will automatically create an ETH wallet address for the user when the user creates an identity, click the blue smiley face logo of Mask in the upper right corner;
(2) Click "Enter Dashboard" to enter "Wallets" to check, remember to back up your wallet!
Mask Network also supports wallet import:
method 1:
(1) Click on the blue smiley face logo of Mask in the upper right corner;
(2) Click "Enter Dashboard", and click "Wallet" in the function list on the left;
(3) Click on the ETH wallet address that has been automatically generated;
(4) Click "Change" to import the wallet. (Now supports MetaMask and WalletConnect wallet import)
Method 2:
(1) Search $XXX on Twitter;
(2) Click "Swap";
(3) Click on the existing wallet address;
(4) Click "Change" to import the wallet.
How to participate in ITO
(1) After the start of each round of ITO, users can find ITO-related tweets on the Mask Network official Twitter account (@realmaskbook), and click "Enter" to participate in the ITO;
*The $MASK subscribed during the ITO period will be temporarily locked and will not be unlocked until 11 am on February 26, 2021, Beijing time.
(2) After carefully reading the transaction reminder, check "I understand" -> click "Continue";
(3) Enter the quantity you want to buy and click "Unlock" to confirm the transaction (the upper limit of each round of subscription for each address is 2000 MASK);
(4) After the transaction is confirmed, the transaction success interface will appear.
How to claim $MASK airdrop and ITO unlock
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