My name is Vlad Cristian, and I'm lead programmer at MaskNetwork (www.masknetwork.com), the first decentralized social trading network that rewards both bloggers and traders for their time and effort. I decided to write this article because there are some similarities between MaskNetwork and STEEM and some of the STEEM users might also be interested in MaskNetwork.
MaskNetwork will be released in June, but the testnet is active. I will briefly present the features offered by MaskNetwork. The main difference from STEEM is that it rewards many user categories, not just bloggers or curators.
Rewards are paid in MaskCoins (MSK), which is the currency at the base of the network. No more than 21,000,000 MSKs will ever be created.
Bloggers
Like STEEM, MaskNetwork allows you to create a personal blog. Depending on the votes you receive, you will be rewarded every 24 hours. Half of this reward will go to those who voted your post. Also, bloggers will receive 0.0001 MSK each time someone reads their post regardless whether the post is up voted or not.
Binary options
The network allows anyone to launch their own binary options or buy binary options launched by others. You can bet on any price for which there is a data stream. For example, this is a binary option at STEEM price. When you buy a binary option, the address that launched it is automatically up voted. Based on these votes, those who write binary options are rewarded every 24 hours. Binary options have their own reward pool.
Margin Markets
Over MaskNetwork, a margin market allows you to place leveraged bets against the market owner. Margin markets prices are provided by data feeds. All your losses are market owner's gains and vice versa. Not only that traders don't pay any interest but margin market operators are rewarded by network every 24 hours. When you place a leveraged position using a margin market, you will automatically up vote the address that created the market. Depending on those votes, those who create and maintain margin markets are rewarded every 24 hours. For example on this market, you can trade STEEM at x100 leverage.
Assets
User issued assets are a type of custom token which users can hold and trade with no. Unlike MaskCoins, those tokens can be issued by regular users like you. They could represent a virtual share, a proof of membership, a real world currency or anything else. The network rewards assets issuers every single day. When you can send an asset to an address, you will automatically up vote the address that issued the asset. The more an asset is used, the higher the rewards will be for issuer.
This is a very short presentation of MaskNetwork. There are many, many other details.
For those who want to read more, a good starting point is www.masknetwork.com
MaskNetwork ICO will begin On May 25, May and those who want to get involved, can invest directly using STEEM.
