💎Ecosystem

How Masks Chain Finance works?

Masks Chain Finance created an ecosystem with the same characteristics as other DEXes like Uniswap, PancakeSwap, and SushiSwap, called Masks Chain Finance.

The term is the name of tnodentract that will provide the block rewards. Their distribution will begin with the launch of Farm and NFT Farm.

In both scenarios, we have a significant reduction in the circulating supply of Masks. It makes the Ecosystem lean, not allowing inflation and forcing token shortages, consequently leading to its appreciation.

Features

• All data about a Holder is filled by Metamask and Chainlink Oracle making Masks Chain Finance 100% decentralized.

• IPFS network is used for storing and sharing NFTs in a distributed file system.

• Smart contracts: A creation of NFT is developed according to the following standards:

  • ERC-721 - standard for single tokens

    • Is a free, open standard that describes how to build nonfungible or unique tokens on the Ethereum blockchain. While most tokens are fungible (every token is the same as every other token), ERC721 tokens are all unique. Think of them like rare, one-of-a-kind collectibles.

  • ERC-1155 - standard for series of tokens (collections and multiplies)

    • Is the first and only Ethereum token standard that allows users to mint both fungible (identical) and non-fungible (unique) assets in a single smart contract—enabling the creation of every type of asset, from digital currency to tokenized real estate up to gaming items and digital art

• Frontend Wallet’s integration to the platform is implemented via Metamask. Web3.js library is used for connecting to Metamask and smart contracts cloud is used for uploading and managing NFTs on IPFS.

Among speculators and investors, cross-chain solutions are constantly becoming a thing of interest. As products and platforms grow in popularity, interoperability between separate chains is becoming increasingly vital. With protocol layers often solving a range of legacy economy issues, connecting different solutions into one complete, homogeneous ecosystem could be the game-changer between cryptocurrency mass adoption and failure.

Masks Chain Finance is a decentralized application running on the Binance Smart Chain, Polkadot, Ethereum and Matic blockchains. Masks Chain Finance is an Automated Market Maker (AMM), just like Uniswap. Users can deposit their digital assets on Masks Chain Finance and exchange them seamlessly for another asset, all in a decentralized environment. Uniswap offers swap pairs that are only limited to Ethereum and ERC- 20 tokens, but Masks Chain Finance goes a step further and enables cross-chain token swaps, thus providing more liquidity. Masks Chain Finance takes full advantage of ’s cross-chain features in order to power trading between assets from multiple blockchains using the Bridge