By George Ward
A recent announcement from the global crypto exchange giant — Binance led to the bloom of a low-cap altcoin based on Ethereum. Binance announced on Wednesday that it’s working on and will launch a new perpetual contract called the Bluebird index.
The job of the index is to track the price of Dogecoin (DOGE), Binance coin (BNB), and Mask Network (MASK), which allows up to 25x leverage. Thanks to the announcement by Binance, the price of MASK rose by 80% in 3 hours after the official statement. Reportedly, it went from $2.30 to $4.16.
The new index by Binance was about Twitter and Elon Musk’s Dogecoin interest. Also, it is essential to note that Binance invested $500 million in Musk’s Twitter takeover deal. Many have started speculating on the role of BNB and MASK in Twitter’s future after the announcement by Binance.
Will Twitter Use MASK, BNB, And DOGE For Payments?
Binance — the world’s largest exchange, is hinting at using BNB, DOGE, and MASK for Twitter payments. As mentioned earlier, many people believe that Twitter will support these three tokens for payments. Many agree that BNB and DOGE payments should be supported on Twitter.
Miles Deutscher — a famous crypto analyst, speculated whether CZ, Binance’s CEO, hinted about Twitter supporting crypto payments. This is because CZ already invested $500m, which helped Elon Musk buy Twitter, and now Binance has launched a Bluebird index that tracks BNB, DOGE, and MASK.
The Mask Network prides itself as the network to bring Web3 features to social media platforms such as Twitter and Instagram. It is also looking to include functionalities for its browser extension, including payment and tippings, NFT trading, decentralized asset trading, and decentralized file storage.
Although MASK was built on the Ethereum blockchain, it is also live on Polygon and the BNB chain. MASK aims to reward its active users and give them a voice in governance.
In February 2021, the MASK project launched with full force. MASK is worth around $3.67 at the time of this writing which makes it down by 88% from its all-time high price of $30.44.