What is NullMask: A zero-knowledge privacy protocol. Once assets are deposited into the shielded pool, on-chain observers cannot link the sender and recipient when you transfer, swap, or withdraw. Its founder is Tomas Krnak, who previously worked on developing shielded Zcash transactions for Trezor.
Season 1 is confirmed: It runs from October 19, 2026, to January 17, 2027, for a total of 90 days. 100 million $MASK (10% of the total supply) will be distributed based on points. At the end of the season, points will be converted to MASK at a fixed rate; the exact conversion rate has not yet been announced.
How to earn points (four ways):
1. Holding: Earn 1 point per day for every $100 in your balance, calculated using the 24-hour average at 00:00 UTC each day. For example, holding $1,000 for 30 days earns about 300 points;
2. Withdrawals: Earn 1 point for every $10 withdrawn; a single withdrawal must be at least $100 to earn points;
3. Big Wave: Withdraw at 18:00 UTC every day to earn 1.5x points;
4. Referrals: Earn 10% of your referees’ points, plus 20% of their fees, with no cap.
How to participate:
1. Open the NullMask app and connect an EVM wallet (such as MetaMask or Rabby; smart contract wallets are not supported). Sign for free to generate an account key;
2. Deposit ETH, BNB, SOL, USDT, USDC, or USDG on the Shield page. Ethereum, Base, BNB Chain, Solana, and Robinhood Chain are supported;
3. Leave your funds deposited to accumulate holding points, or withdraw them on the Send page (withdrawing during a Big Wave period offers better value);
4. Link a Solana wallet in the points dashboard. MASK will be sent to this address.
Costs and risks—let’s be clear upfront:
- Deposits and withdrawals each incur a 0.5% protocol fee plus gas. Depositing and withdrawing once costs about 1% in total, so do the math before farming points;
- Deposits must pass AML screening, which can take anywhere from a few minutes to 24 hours. If rejected, funds are returned only to the original address, so don’t send directly from an exchange;
- MASK is already trading on Solana (at around $0.045 in late October), but the final conversion rate from points to MASK has not been announced, and returns are not guaranteed;
- Privacy protocols face significant regulatory controversy. Use only spare funds and start small; don’t use funds from unknown sources.
Also, Gate Web3 has a small BountyDrop campaign: it ends at 10:00 UTC on November 14, with 453,000 MASK up for grabs among 2,000 participants. You’ll need to complete the relevant Gate Wallet tasks, so feel free to check it out if you’re interested.
Would you pay this 1% cost for privacy features, or are you only interested in the points rewards?
Personal opinion; not investment advice