Announcing the Second ITO Project: $mTSLA

2021-02-03

We’re thrilled that our ITO feature is so well received after its release within a month! In our last ITO with Loopring, ~$50000 worth of $LRC was sold out in less than 3 minutes. Now, we are ready to announce our second ITO project: $mTSLA！

In light of recent events involving WallStreetBets, Robinhood and Elon Musk, which grabbed everyone’s attention throughout the world, Mask Network, together with Mirror Protocol, OKEx,Transak are excited to offer $mTSLA on Twitter. The ITO will grant exposure to the power of Mirrored Assets (mAssets) to a social media audience anxiously anticipating an alternative to conventional trading apps like Robinhood.

Permissionless for users worldwide, synthetic assets, censorship-resistent— all inside Mask and without leaving Twitter. With Tesla stock among the most popular equities for young traders and Twitter memes, it serves as a fitting inaugural ITO choice for mAssets.

The ITO for $mTSLA will enable its users to directly purchase $mTSLA using $wBTC, $UST or $OKB via Mask Network plug-in on Twitter. The total offering will be 100 shares of $mTSLA (~$80K) at a 10% discount. ITO participants are limited to 1 $mTSLA per address.

The ITO will officially begin on 02/03/21 at 1 PM EST — New York (02/04/21 at 2 AM CST — Beijing). Mirror will provide the direct link to the ITO just prior to the launch.

This image is for reference only.

Mask Network offers a direct fiat gateway to $UST (by Transak), meaning that users can purchase $UST with fiat right on Twitter. Go from $USD → $UST → $mTSLA in minutes. Direct $wBTC purchase and other major cryptocurrencies work as well.

ITO Details

Token Type: ERC20

Symbol: $mTSLA

Quote Tokens: $wBTC, $UST, $OKB

Launch Time：02/03–1 PM EST — New York / 02/04–2 AM GMT+8— Beijing

Offering Value: 100 shares of $mTSLA

Limit Per Address: 1 $mTSLA per address

Discount: 10% off

This tweet will be released by [email protected]_protocol just prior to the launch.
The price of $mTSLA will be based on the price at the moment the ITO begins.
Recommend using Mask Network plug-in for Chrome and Firefox, Android and iOS version is still in beta testing.

Please make sure the Mask Network plug-in is all set up and the wallet is connected in advance. (MetaMask, Wallet Connect, and Mask Wallet is supported)

As Elon Musk said earlier, “In hindsight, it was inevitable.” Mask Network is looking forward to engaging with Mirror further about avenues to bring more mAssets to the Twitter world — giving financially disenfranchised users access to macro asset classes via permissionless technology.

Mask Network’s Twitter Offering is a brand-new way of token issuance and swapping. Its permissionless nature allows anyone to launch offerings at any time without leaving Twitter. You can also create an ITO of your own. We look forward to seeing more individuals and projects to join us and enjoy offering your token directly on Twitter!

How to participate in an ITO?

- Download

Download and Install Mask at http://mask.io. You can also search Mask Network in the Chrome or Firefox extension store.

- Onboarding

New users can follow the instructions on setup. Create a new persona → connect with a Twitter account.

Mask will automatically jump to the Twitter page and detect your username. Confirm your username and click “Connect to twitter.com”.

Now you can say hi to your friends! Just click “Compose Encrypted Post” and choose who can decrypt your post.

- Set up Wallet

Mask will automatically create a new wallet address for new users. Click the Blue Mask Icon on the top right corner. → Click “Enter Dashboard” → Click “Wallet” to view your wallet. Remember to back it up.

-Mask supports importing other wallets.

Method1:

Again, Click the blue smiley face on the top right corner. → Click “Enter Dashboard”. → Click “Wallet”.→ Click the existing wallet address. → Click “Change” to connect with your daily wallet. (Now supports “MetaMask” and “ WalletConnect” )

Method2:

Search $XXX in Twitter. → Click “Swap🔥”. → Click the existing wallet address. → Click “Change” to connect with your daily wallet.

- ITO

Find the ITO tweet on Twitter (@mirror_protocal) after it begins. Click “Enter”.

The tweet will be released by Twitter @mirror_protocol just prior to the launch.

“MSKB” in this image is for reference only

Review the Swap Reminder carefully and click “I understand”→ Click “Continue”.

“Mask Token B” in this image is for reference only

Enter the amount you want to buy and click “Enter”→Confirm your transaction.

“MSKB” in this image is for reference only

After the transaction is confirmed, you will see a success page and also you can check your assets on the Mask Dashboard.

“MSKB” in this image is for reference only

-About Mirror

Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). mAssets mimic the price behaviour of real-world assets and give traders anywhere in the world open access to price exposure without the burdens of owning or transacting real assets. Mirror is a community-governed project that seeks to unlock the wealth creation of major asset classes to users around the world via a permissionless access model.

-About OKEx

OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks We provide spot and derivatives trading including futures, perpetual swap and options of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

-About Transak

Transak is a global fiat to crypto payment gateway. On a mission to make crypto and DeFi simple and accessible, Transak allows businesses to onboard more users, in any app or website. Supporting more than 1000 cryptocurrencies across multiple chains and layer2 networks, users can buy or sell digital assets conveniently using a wide variety of payment methods in more than 60 countries with competitive fees.

-About Mask Network

Mask Network is a core product of Dimension, which was officially launched in July 2019. Its main function is encryption/decryption, and it’s continually developing around this point. Mask Network (originally named Maskbook) is a portal that allows users to seamlessly send encrypted messages, cryptocurrencies, and even DApps (Defi, NFTs, DAO) over the top of social networks without migrating, and thereby creating a decentralized Applet(DApplet) ecosystem. In short, we want to bridge the New, Open Internet right on top of the current one.