Mirror x Mask Network ITO — Introducing mTSLA to the Twitter Community
We’re thrilled to announce that Mirror will be participating in Mask Network’s second Initial Twitter Offering (ITO), with mTSLA the featured synthetic equity.
In light of recent events involving WallStreetBets and Robinhood, which dominated the discourse on Twitter last week, we’re excited to offer mTSLA through Mask Network 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 access for users worldwide, synthetic assets, no censorship of trading — all without leaving Twitter. With Tesla stock among the most popular equities for young traders and Twitter memes, it serves as a fitting inaugural ITO for mAssets.
The ITO for mTSLA will enable its users to directly purchase mTSLA using either wBTC, OKB, or UST via the Mask Network app on Twitter. Prospective users can download the Mask Network application here, and follow the step-by-step instructions from Mask Network here. The total offering of mTSLA will be 100 shares of mTSLA (~$80K) at a 10 percent 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 (3 AM KST — 02/04/21). We will provide the direct link to the ITO just prior to the launch.
Mask offers a direct fiat gateway to UST, meaning that once users download the Mask Network plug-in for Chrome or Firefox, they can purchase UST with fiat. Go from USD → UST → mTSLA in minutes.
ITO Details
Token Type: ERC20
Symbol: $mTSLA
Quote Tokens: wBTC, OKB, & UST
Launch Time：02/03–1 PM EST — New York (3 AM KST — 02/04)
Offering Value: 100 shares of $mTSLA (~ 80,000 USD)
Limit Per Address: 1 $mTSLA per address (~ 700 USD)
Discount: 10% off
In hindsight, it was inevitable. Swap wBTC, OKB, or UST for mTSLA and participate in DeFi like never before. We look forward to engaging with Mask further about avenues to bring more mAssets to the Twitter world — giving financially disenfranchised users access to macro asset classes via permissionless technology.
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.
Aiming to bridge the new, open Internet right on top of the current one, Mask Network, together with Mirror Protocol, will be dedicated to promoting the stock derivatives market, further rendering the boundary of the traditional world and the decentralized one, and in all, to offer users a more wide and free open-finance ecosystem.
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 behavior 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.
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