Rumor: MetaMask May Airdrop For Users In 2024

Key Points:

• Through a snapshot of users’ transactions, MetaMask is hatching an airdrop plan.
• The condition to perform the airdrop is that users must transact on the dApp.
• At least 4 txns and $1000 volume are required to participate in the airdrop.

Recent airdrop events have attracted the attention of the crypto community. Especially after the top of layer 2 of Ethereum conducted the airdrop, the number of users on the network increased significantly. This makes other DeFi projects also cherish their airdrop plans to attract more users to participate. MetaMask, the leading DeFi wallet of the crypto world, recently hinted at an airdrop for users next year.

This rumor was spread by @serpnofomo, CEO of the NFT DegenScan project. He said in a snapshot of users’ transactions that MetaMask is incubating an airdrop in Q1 2024.

According to the snapshot, the condition to receive the MASK airdrop is that at least a wallet has made 4 txns with a minimum transaction volume of $1000. MASK is said to be a token symbol if MetaMask issues a token. This is a fairly simple condition because the number of users using this dApp platform is dominant compared to other crypto wallet platforms. The execution of the condition is considered otherwise simple.

Although it’s just a rumor, @serpnofomo claims this is a pretty solid “signal”:

“The source is a trusted insider; however, there is no official announcement,” he said.

Currently, MetaMask has linked to many blockchains such as Ethereum, BNB Chain, Polygon, Avalanche, Solana, … so transferring assets between chains on wallets is quite simple. However, it should be noted that a certain amount of tokens, such as ETH, BNB, and SOL, is required for gas fees.

In addition to making the request, users can also swap tokens available on the wallet, although this is more expensive than other dApps.

Popular DeFi platforms like Uniswap and 1inch have provided a token supply to its early supporters during the DeFi summer of 2020. Free token giveaways for community members have proven to be quite profitable for users of various dApps.

This pattern has fueled suspicion that MetaMask, one of the most significant DeFi applications, may also issue tokens to its user base. The company has recently confirmed that it is still in the process of developing a token and airdrop strategy, albeit no launch date has been set.

MetaMask, which has over 20 million monthly active users, is the preferred wallet for most Ethereum-based DeFi apps. In addition to wallet services, it provides swaps, which enable users to trade tokens from wallets. This may imply that once the MASK cryptocurrency is officially issued, there will be a lot of FOMO.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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