MASK worth rallied 30% inside just some hours backed by an enormous surge in buying and selling volumes on Monday. It follows after Mask Network introduced the upcoming MASK staking providing holders to obtain further tokens from core companions and tasks below the Mask ecosystem.
Mask Network Launches Staking for Additional Token Rewards
Decentralized social community ecosystem Mask Network announced plan to begin providing staking to present again rewards to the neighborhood and MASK token holders. The transfer is a dedication to the event of decentralized know-how and social media options whereas supporting the neighborhood, companions, and tasks inside the ecosystem.
MASK token holders will obtain further tokens from its core companions and tasks linked to Mask Network. The staking and reward mechanism is designed to create alternatives to discover blockchain companies and purposes. Over 120 tasks have joined Mask Network amid investments from its enterprise arm Bonfire Union.
Recently, Mask Network Web3 Social Ecosystem Grant has come to its third spherical. Mask Network introduced 33 tasks set to obtain assist from the agency for additional Web3 developments.
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MASK Price Rally 30%
MASK price jumped 30% up to now 24 hours, with the worth at the moment buying and selling at $5.26. The 24-hour high and low are $4.23 and $5.50, respectively. This signifies buyers and merchants are dashing to purchase MASK tokens to get extra tokens as a part of its staking program.
Furthermore, the buying and selling quantity has skyrocketed by greater than 400% within the final 24 hours, indicating an increase in curiosity. According to CoinMarketCap, the token is at the moment ranked 30 when it comes to buying and selling quantity, with over $573 million in buying and selling quantity.
The worth noticed a pullback amid revenue reserving by buyers. MASK futures open curiosity has elevated by 45% up to now 24 hours, however it dropped by 6% within the final 1 hour. This signifies clear revenue reserving in spot and derivatives merchants.
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