Twitter is the most actively used social media platform amongst crypto enthusiasts and traders. Now users can also participate in token sales through Twitter through Mask Network’s advanced token distribution feature.
Initial Twitter Offerings from Mask Network allows users to run token sales on the microblogging platform.
Initial Twitter Offering From Mask Network
Mask Network launched an exciting and cool feature through which the various projects that are exploring newer ways of selling tokens can implement Twitter token sales in their system. The users can add the Plugin through which the trading interface is accessible. The ITOs help the users buy relevant tokens without the need to undergo multiple KYC formalities or to traverse to third party trading websites.
The Initial Twitter Offerings bypasses the ICO formalities. Initial Twitter Offerings will allow users to indulge in public offerings through Twitter directly. The process is accomplished through the Decentralized applet infrastructure within Mask Network, which helps the various DApps to be displayed on the various social networks. The Fiat onramp aggregator called Transak would allow users to engage in the Offerings without holding any cryptocurrency.
Mask Network said that the ITO is much different than IPO/IEOs that require complex processes. They further added that global access to the best stock offerings is not available to everyone, especially to people outside the United States. IEOs solve the problem of global access; however, there is a lack of regulation and transparency. Since most of the crypto and Defi participants are on Twitter, the ITO will shorten the user processes and help them participate in token sales swiftly.
The Mask Network said that they welcome a variety of assets on their ITO platform wherein new tokens can be launched with Mask to stay ahead of the game. The method of offering on ITO is simple, the fiat price is considered initially, and then tokens can be provided at the fixed price. The company would also support auctions and bonding curves to serve diverse offering needs.
The firm has introduced another plugin for web browsers through which it allowed trading via Uniswap. The Plugin also allowed investors to send money and trade tokens directly through Twitter.
The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.