MetaMask could soon launch its token airdrop. Here’s how to prepare
There are signs that MetaMask could soon launch its long-awaited token drop. These are some steps that could help to qualify.
Key TakeawaysMetaMask appears to be moving towards decentralization, which could indicate that an airdrop may be on the horizon.
You could increase your chances of qualifying for an airdrop by using MetaMask in a variety of ways and interfacing with ConsenSys-linked project.
Two activities that could lead you to an airdrop are swapping tokens on MetaMask or using the wallet’s newly built bridge.
Share this articleCrypto Briefing examines the steps MetaMask users could take to increase their chances of qualifying for the wallet’s long-rumored token Airdrop. MetaMask Token Incoming? MetaMask Token Incoming? Joe Lubin, ConsenSys CEO and founder, has suggested on numerous occasions that a token might be in the works. However, the company has not yet revealed all details. ConsenSys’ MetaMask grants DAO was launched by its employees recently. This initiative grants funding to developers not affiliated with ConsenSys. It is a member-led initiative that grants funding to developers working on expanding the MetaMask ecosystem. This could indicate that the company wants to decentralize its project. ConsenSys reached a $7 billion valuation in March with a $450m Series D raise. This means that it could potentially airdrop a large sum to its users. The wallet is widely used by crypto-natives of all stripes so qualifying for the airdrop may be difficult. These are the steps MetaMask users should take to increase their chances of getting the wallet’s token. Swap Tokens on MetaMaskIf your MetaMask wallet is not yet created, you will need to create one. Download the browser extension or mobile application, create a wallet and store your seed phrase in safe place. Then, you can swap tokens on MetaMask. Just click on the blue Swap button located next to the Buy or Send icons in the main menu. You can trade ETH for any token you choose, but ensure that you have enough ETH in your wallet to cover transaction fees. MetaMask BridgeMetaMask has recently launched a bridge that allows users to move funds between blockchains. Connect your wallet to the MetaMask Bridge, select Ethereum to be your first network, then choose another network to send funds to (you have the option of Polygon, Avalanche and BNB Chain). The bridge can then be used to bridge over either ETH or MATIC tokens, DAI, USDC tokens, USDT tokens, or both. To pay gas fees, ensure that you have the native token of your second network in your destination wallet. A simple solution is to transfer MATIC from Ethereum into Polygon. MATIC is Polygon’s native token. Gnosis Safe WalletConsenSys announced a partnership with Gnosis Safe in February to improve wallet safety. MetaMask may also reward Gnosis users. Go to Gnosis Safe to get started. Connect your wallet and follow the steps for creating a multisig Safe wallet. You will need to choose Ethereum as the network, name the new wallet, and provide at least two addresses for “owners”. (You can create a MetaMask account, and enter that address along with the one you already have), and then pay a transaction fee. GitcoinConsenSys is close to Gitcoin. It helped the Ethereum-based donation platform in its early days, before it went on its own in 2021. Gitcoin donations could increase your chances of being eligible for a MetaMask Airdrop. To make a donation, create a profile on GitHub. Next, go to the Gitcoin Grants Page, connect your MetaMask and select a Grant project you like. Then go to checkout, choose how much you wish to donate, and in what currency. As airdrop farming is prohibited, we recommend that you donate at least $10. 5. Register for InfuraConsenSys’ acquisition of Infura in October 2019. Infura is a leading platform for blockchain infrastructure and supports MetaMask. Infura is making progress towards decentralization and has created an early access program to allow community members to participate. To sign up, you can go to the company’s website and fill out a form. However, Infura is looking for people who have experience with blockchain infrastructure. To learn more about ConsenSys’ Discord channel, you can also visit the company’s website. Final ThoughtsAirdrop hunting involves more luck than science and is more art than science. Even if you follow these steps, it is unlikely that you will be able claim MetaMask tokens after ConsenSys issues them. Some airdrops like Bored Ape Yacht Club’s APE token giveaway were extremely lucrative. Some airdrops, such as the APE token giveaway by Bored Ape Yacht Club to Bored Ape Yacht Club, were controversial because of their strict qualification criteria. The time and effort required to follow the steps in this article is well worth it. Disclaimer: The author of this article owned BTC, ETH, as well as other crypto assets at the time of writing. However, Decentral Media, Inc. does not warrant the timeliness, completeness, accuracy, or currency of any information accessed through this site. Decentral Media, Inc. does not provide investment advice. We do not provide personalized investment advice or any other financial advice. This website’s information is subject to change at any time. The information on this website could become obsolete or incorrect. 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