The Nullmask app is live and DefiLlama tracks real revenue, but the privacy claims and audit are unverified.

✕Red flags0

No red flags found.

!Watch out5

• Audit and multisig claims could not be checked

  ngl could not name the EVM chain, so it could not read the contracts or confirm the audit or the Safe 2-of-3 multisig. The claims are unbacked, not shown false.

  page

• Dev holds 39% and moved tokens to a funded wallet

  The dev holds 39% of supply and sent 0.5% to a wallet it funded. The dev's true holding is therefore higher than it looks.

  devtransferreceived

• Launch-block bundle took 40% but has sold

  22 wallets bought 40% of supply in the launch block and have sold all of it. Top 10 wallets still hold 56%, so the supply is concentrated.

  launchE7GG…ZZ7s2FxD…Xif6Ay1o…B1MC

• 3% transfer fee that can be raised

  The token has a Token-2022 transfer fee of 3% on every transfer, and it can be raised up to its maximum. This is a risk for holders.

  mint

• Team claim is unverified

  The bio says the team are core ZEC contributors, but nothing identifies the team or confirms a Zcash background.

  @NullMaskio

✓Checks out3

• App is live and reaches the signature step

  The agent connected MetaMask on app.nullmask.io and Generate keys raised a real wallet signature request. The flow stopped there, so Shield, Send and Swap were not tried.

  screenshotscreenshotwallet request

• DefiLlama tracks Nullmask revenue

  DefiLlama shows $991.7K all-time revenue and $951.4K in the last 30 days, and lists $MASK as the protocol's token. That points to real usage, though the claim of crossing $1M is slightly ahead of the data.

  DefiLlama: Nullmask

• Established X account and no serial-launch history

  @NullMaskio is 13 months old with about 9.9K followers, and none of the sampled followers are empty accounts. The dev wallet has launched no other coins. The site shows the CA and links back to the X account.

  @NullMaskiodevpagefirst screen