Mask Network (MASK), Oasis Network (ROSE) and Orchid (OXT): a three-part story

In this article, we’ll take a quick look at three things: Mask Network (MASK), Oasis Network (ROSE), and Orchid (OXT). Without further ado, let’s get started.

Network of masts (MASK)

What is the mask network (MASK)?

Mask Metawork (MASK) is a protocol that bridges the current Internet, Web 2.0 and Web 3.0, allowing users to send encrypted messages and encrypted money through Twitter and Facebook. The ultimate goal of Mask Network is to expand users’ freedom from censorship on the Internet and social networks, and to provide more privacy on social networks.

Shanghai-based Mask Network was founded by Suji Yan. Launched in July 2019, MASK’s first use was to allow Facebook and Twitter users to encrypt posts on social media platforms. In November 2020, MASK raised $2 million in a capital campaign jointly led by HashKey and Hash Global, while an additional $3 million was raised in February 2021 with participation from Digital Currency Group and Fundamental Labs. During the same period, Mask Network’s native MASK token was released.

Mask Network now offers the ability to pay for Gitcoin fund campaigns via Twitter. It also plans to offer peer-to-peer payments and decentralized storage functionality. MASK also allows users to make crypto payments through social media networks and use dApps such as decentralized finance, decentralized storage, NFT markets, and DAOs without logging out of social media networks.

What does Mask Network do?

Mask Network offers its users the possibility of using Web 2.0 platforms such as Twitter and Facebook with Web 3.0 innovations. Mask Network can easily use it as an add-on installed in the browser.

With Mask Network, users can:

  • Encryption: They can share their social media posts in an encrypted way and ensure that only the target audience can see them.
  • ITO (Initial Twitter Offer): They can participate in Token launches directly on Twitter.
  • Social Commerce: They can buy and sell cryptocurrencies via Twitter with the support of Uniswap, Sushi, 0x. You can trade cryptos on platforms like bitlq.
  • Verifiable NFT Avatars: They can easily use their NFT as their Twitter profile picture.
  • Web 3 profile: They can have a profile to showcase all Web 3 assets, especially NFTs.
  • Social Markets: With OpenSea support, they can buy and sell NFTs directly on Twitter.
  • Gifts: They can gift tokens to their friends via Twitter.
  • File service: They can share their files on Twitter by encrypting them.

What is the Mask Network (MASK) coin?

The MASK coin is the native token of Mask Network based on Ethereum (ERC-20) and was launched in February 2021. The Mask Network ecosystem is owned by the DAO and the owners of MASK are also members of MaskDAO. MASK coin holders are considered owners of the Mask Network ecosystem through the DAO and have a say in decisions about the Mask Network.

As a governance token, MASK gives its holders the right to vote in the decisions to be made. Each MASK represents one vote.

Mask Network Economy (MASK)

The maximum supply and current total supply of MASK coins is 100,000,000 units. As of December 16, 2021, the outstanding supply of MASK is 29,130,723.

Oasis Network (ROSE)

What is the Oasis Network (ROSE)?

Oasis Network (ROSE) is a Decentralized Finance System (DEFI) which is a blockchain project that features a privacy-focused, open source and scalable data economy. It was founded in 2020. With the Oasis Network (ROSE), the objective is to bring together open finance data and confidential transaction data in decentralized finance systems (DEFI).

Oasis Network (ROSE) consists of two main layers, Consensus and ParaTime. These two layers allow different uses of the system.

Oasis Network (ROSE) collaborates with many prominent cryptocurrency, blockchain and fintech companies. There are many applications and validators on the network, where the overall participation is quite high.

The Oasis Network system aims to bring innovation and solve the problems of decentralized financial systems such as high fees and data security.

Oasis Network (ROSE) is a cryptocurrency with its own network, it works as a cheaper and faster system than the Ethereum network. Oasis Network (ROSE) also supports all decentralized applications (DApps) available on the Ethereum network.

Oasis Network (ROSE) and Privacy

The most important element of the Oasis Network (ROSE) system is confidentiality. There is a special privacy protocol in which transactions on the network are encrypted. This privacy is provided by this privacy support in ParaTime from network layers.

Applications created in this layer are intended to benefit from all the advantages of blockchain technology. Developers who wish to benefit from blockchain technology with this privacy can apply on the official website of Oasis Network.

What is PINK?

ROSE is the cryptocurrency released for use on the Oasis network for all operations. This name and this symbol were chosen because the ROSE is used as a symbol of secrecy.

With ROSE, the Oasis Network system provides built-in tokens and uses them for staking. Additionally, fees for smart contracts used to develop the ParaTime layer in the Oasis Network system are paid.

ROSE will be released as 10,000,000,000 ROSE in total, there are currently 1,500,000,000 ROSE released.

It is believed that ROSE, the cryptocurrency of the Oasis Network system, will make greater inroads in the future, thanks to the innovations it has brought to decentralized finance projects (DEFI).

Orchid (OXT)

What is Orchid (OXT)?

Orchid Labs was founded in 2017 and launched the Orchid Token (OXT) in 2019. They built the Orchid Token on the Ethereum blockchain. The goal of the project is to provide virtual private network (VPN) service to users. As a payment method, they aim to do so with the Orchid Token (OXT). Orchid describes itself as “the world’s first incentivized peer-to-peer privacy network”.

Orchid (OXT) is software that aims to make using the computer interesting by changing the computer’s existing Internet Protocol (IP) address through a VPN. Widely used to manage web traffic, VPNs (virtual private networks) allow users to hide browsing details and data transfers by altering the way the data they create travels the Internet.

Who is part of the Orchid team?

Orchid Labs, which brought Orchid to life, was founded in 2017 by Stephen Bell, Jay Freeman, Gustav Simonsson Brian, J. Fox and Steven Waterhouse. When we look at the CVs of the founders, we see that they are experienced in open source software, technology management, Blockchain investing, application package management, and security. In Orchid token, they aimed to bring all of these experiences together.

Steven Waterhouse, one of the founders of the project, founded Pantera Capital, a crypto-focused venture capital firm that made a name for itself through its investments in cryptocurrencies. Jay Freeman created Cydia, an alternative to the Apple App Store for Apple devices. Brian Fox created the first interactive online banking system at US bank Wells Fargo, and Gustav Simonsson was one of the main Ethereum network security developers when Ethereum was launched in 2015.

How does Orchid work?

There is bilateral trading on the Orchid platform. Bandwidth users and bandwidth providers. Those who wish to benefit from the bandwidth can connect to the VPN by paying OXT tokens. Sellers earn OXT tokens in exchange for this.

There can be benefits for users, especially those who want to bypass local networks, but VPNs can still create security issues for users. In particular, users must be confident that VPN providers will not steal, otherwise access, compromise or monetize their data inappropriately. As a solution, Orchid aims to provide a solution by transferring the operation of the virtual private network (VPN) to a network of users on the Ethereum blockchain.

Specifically, it aims to develop an application designed to prevent users from leaving data behind while browsing apps and websites. To achieve this, Orchid connects users who need bandwidth with sellers who want to resell their bandwidth. Orchid’s OXT cryptocurrency is used to facilitate payments between these buyers and sellers. This peer-to-peer connection is then encrypted and sent through the provider’s internet servers. This means that the user cannot monitor their own internet usage activities. User information is further hidden from third parties.

What is the purpose of Orchid?

Orchid’s goal is to allow users to purchase bandwidth from any participating provider and unblock the internet by making payment via OXT tokens. At the same time, it is a Blockchain-based peer-to-peer VPN service and the decentralized nature of the network allows users to protect their security and privacy while surfing the Internet.

Why is the orchid valuable?

Orchid (OXT) is the currency in which services are priced on the Orchid platform. That is, users must redeem it when they activate their service in the app. In order to access Orchid’s services and securely connect to the Internet through a virtual private network (VPN), users must keep the Orchid token in a wallet. As the Orchid app consumes bandwidth, its payments automatically decrease.

These processes are also necessary for users who want to sell bandwidth. To take advantage of bandwidth deals and compete, users must lock OXT into private contracts, a process called “staking” (a promise not to sell their oxt tokens). The Orchid client weights providers based on how much OXT they lock (stack). The more OXT a user has in their account, the more likely they are to be selected to provide bandwidth to users and earn OXT. Orchid (OXT) is different from the traditional staking model. Buyers only pay sellers for providing bandwidth.

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