MetaMask denies MASK token as Coinbase-backed DEX lists speculative pre-markets

MetaMask, the popular crypto wallet for the Ethereum network, today denied the existence of a MASK token after Coinbase-backed decentralized exchange LogX listed speculative pre-market trading for the purported asset.

The denial came after LogX announced the launch of MASK pre-markets on its platform.

LogX, which offers perpetual futures, options and spot trading, acknowledged in its disclaimer that “markets on LogX are not officially endorsed by project teams and may not reflect the market’s expectations of a token’s launch value.”

The development follows last week’s agreement by the SEC to drop its enforcement case against ConsenSys’s MetaMask wallet tool, pending commissioner approval.

“No company wants to be the target of agency enforcement, but at the same time, it was our duty and honor to stand up for blockchain software developers in the hour it was most needed,” said Joe Lubin, CEO of ConsenSys.

While MetaMask’s parent company ConsenSys had previously confirmed plans for a token in March 2022, with CEO Joseph Lubin announcing intentions for “progressive decentralization” through a token and DAO structure, no specific timeline was provided.

Source