Rumors are circulating that MetaMask will potentially have a huge airdrop. They already confirmed that they are launching a token called $MASK. In addition, their parent company is well-funded, having raised a whopping $725 million. In this guide, we'll go over the 6 best tasks you can try to qualify for the possible MetaMask token airdrop!
What Is MetaMask?
MetaMask is one of the world's most popular crypto software wallets, with over 30 million monthly active users. For many crypto investors, it's the go-to choice to store their cryptocurrencies and access Web3 applications like Uniswap, OpenSea, and countless others.
It's owned by a big New York company called ConsenSys, which is also behind Infura, Linea, and other blockchain projects (Check out my Linea airdrop guide, which could also be huge).
MetaMask Token ($MASK)
On March 16, 2022, MetaMask confirmed they intend to issue a token, according to ConsenSys CEO and cofounder, Joe Lubin. Additionally, he also teased that the token ticker symbol will be $MASK when he tweeted, "Wen $MASK? Stay tuned." However, there is no official launch date and they said they are taking their time so they can do it right. Users should also be aware that there are many fake MetaMask phishing scams going around.
Is The MetaMask Airdrop Confirmed?
While MetaMask confirmed they are launching a token called $MASK, they have not confirmed whether or not there will be an airdrop. However, many are speculating that they will and they also have plenty of money to do it.
Trust Wallet, which is similar to MetaMask, airdropped millions of Trust Wallet Tokens (TWT) to users back in 2020. Also, ConsenSys raised a whopping $725 million so they can definitely afford to reward their early users. Like most airdrops, nothing is confirmed but users are still trying to qualify. If they did launch an airdrop, it could be one of the biggest in 2023 or 2024.
You should also check out another project with lots of hype which is the zkSync airdrop. They raised $458 million in funding.
Overview: How to Receive a Potential MetaMask Airdrop
While there are no official criteria, airdrops are usually distributed to the projects most engaged and loyal users. Just using MetaMask to store cryptocurrencies likely will not be enough. To maximize your odds, use Metamask's built-in features like swapping, bridging, staking, and more. To increase your odds further, conduct multiple transactions and use the wallet every month.
- Set up a MetaMask Wallet
- Add funds to your wallet
- Go to portfolio.metamask.io and interact with different features
- Use the MetaMask Swap feature to swap different tokens
- Use the MetaMask Bridge to transfer tokens across networks
- Use the MetaMask Staking feature
- Buy crypto with fiat inside MetaMask
- Use top Ethereum dApps
- Donate to MetaMask via Gitcoin
Use The Swap Feature
In MetaMask, click on "Swap" and make some transactions. Since ConsenSys primarily focuses on the Ethereum product suite, it's recommended to swap some ERC-20 tokens on the Ethereum mainnet. However, you can also try swapping on Arbitrum and other networks for lower gas fees.
URL: https://portfolio.metamask.io/swap
Use The Bridge Feature
The MetaMask bridge is a built-in feature allowing you to transfer tokens from one blockchain to another. Currently, you can bridge between Ethereum Mainnet, Polygon, Arbitrum, BNB Chain, Optimism, and Avalanche. It's recommended to do multiple transactions to maximize your eligibility.
URL: https://portfolio.metamask.io/bridge
Stake Ethereum Through MetaMask
MetaMask has a new built-in staking feature through third-party platforms Lido and Rocket Pool. You can try doing this when ETH gas fees are lowest. Currently, there is no minimum when staking through Lido and a 0.1 ETH minimum when selecting Rocket Pool. Of course, be aware of the risks and only do what you can afford.
URL: https://portfolio.metamask.io/stake
Buy Crypto With Fiat
In the MetaMask portfolio, there is a "Buy" page where you can purchase cryptocurrency using fiat from dozens of countries. It has many payment options in your local currency just keep in mind the fees can be high because it uses third-party providers. This could increase your chances but only do what you can afford.
URL: https://portfolio.metamask.io/buy/region
Use Top Ethereum dApps
Users can try connecting their MetaMask wallet to some of the most popular Ethereum dApps. By increasing your number of MetaMask transactions and completing on-chain activities like swapping tokens and providing liquidity, you might improve your chances of getting in the snapshot to potentially qualify for the $MASK airdrop. Top Ethereum dApps include:
Donate to MetaMask via Gitcoin
ConsenSys, the creators of MetaMask, are heavily connected to Gitcoin. It might help your odds of an airdrop if you send MetaMask a tip on Gitcoin and donate to any other grants that you like. This could increase your odds because in the past, other Ethereum projects have made a Gitcoin grant donation as criteria for a token airdrop. To make donations, you will need to quickly create a Gitcoin account.
URL: https://bounties.gitcoin.co/metamask and https://bounties.gitcoin.co/grants/explorer
Track Your MetaMask Stats
To track your number of transactions, volume, and other MetaMask airdrop stats, you can use this Dune dashboard. Just sign up for a free account, paste your wallet address, and click ‘Run’ to obtain real-time statistics.
Other Airdrop Tips
The easiest way to double or triple your airdrop rewards is to enter with multiple wallets. However, do your best to use wallets that aren't connected to each other on-chain. Other tips to potentially maximize your rewards include:
- Use MetaMask consistently over time. Ideally, every month.
- Make transactions when gas fees are least expensive. Saturday is typically the cheapest day of the week. You can use this free gas fee checker.
- You can also reduce fees by using cheaper networks. Arbitrum and BNB for example have lower fees than Ethereum.
