MetaMask Could Soon Launch Its Token Airdrop. Here’s How to Prepare

Crypto Briefing seems on the numerous steps MetaMask customers can take to spice up their possibilities of qualifying for the pockets’s long-rumored token airdrop. 

MetaMask Token Incoming? 

MetaMask is the preferred Web3 pockets, and rumors of a possible token airdrop for energetic customers have circulated within the crypto area for years. ConsenSys founder and CEO Joe Lubin has hinted on a number of events {that a} token is within the works, however the firm has not but shared full particulars. Curiously, ConsenSys not too long ago launched its MetaMask Grants DAO, an employee-led initiative to grant funding to builders exterior of ConsenSys engaged on increasing the MetaMask ecosystem. The transfer may very well be a touch that the corporate is seeking to decentralize the challenge. 

ConsenSys hit a $7 billion valuation with a $450 million Collection D increase in March, which suggests it may probably airdrop a good-looking sum to customers. However because the pockets is broadly utilized by crypto natives of all stripes, qualifying for the airdrop is probably not straightforward. Listed here are some steps MetaMask customers can take to maximise their possibilities of receiving the pockets’s token as soon as it’s dwell.

1. Swap Tokens on MetaMask

When you don’t have a MetaMask pockets, you’ll want to start out by creating one. To get began, obtain the browser extension or cell app, create a pockets, retailer your seed phrase in a protected place, and fund your pockets with some ETH.

Swapping tokens on MetaMask is straightforward. In the principle menu, simply click on on the blue Swap button subsequent to the Purchase and Ship icons. Commerce some ETH for any token of your selecting, however be sure to maintain sufficient ETH in your pockets to pay transaction charges.

2. Use the MetaMask Bridge

MetaMask not too long ago launched a bridge to let customers transfer funds from one blockchain to a different. Join your pockets to the MetaMask bridge, choose Ethereum as your first community, select one other community to ship to (you’ll be able to select between Polygon, Avalanche, and BNB Chain), then bridge over both ETH, MATIC, DAI, USDC, or USDT tokens. 

Once more, be sure to have already got your second community’s native token in your vacation spot pockets to pay for fuel charges. In any other case, a easy answer is to bridge MATIC from Ethereum to Polygon since MATIC is Polygon’s native token.

3. Create a Gnosis Secure Pockets

ConsenSys and Gnosis Secure introduced a partnership in February to extend pockets security, so MetaMask could reward Gnosis customers. 

To begin utilizing the product, go to Gnosis Safe, join your pockets, and comply with the steps to create a multisig Secure pockets. You’ll want to pick out Ethereum because the community, title your new pockets, present at the least two addresses because the “homeowners” of the pockets (you’ll be able to create a brand new MetaMask account and enter that tackle alongside the one you’re already utilizing), and pay a small transaction payment.

4. Donate through Gitcoin

ConsenSys has shut ties with Gitcoin, because it helped the Ethereum-based donation platform in its early days earlier than it struck out by itself in 2021. Donating to Gitcoin may subsequently improve the possibilities of qualifying for a MetaMask airdrop. To make a donation, you’ll must create a profile on GitHub, then go to the Gitcoin Grants web page, join your MetaMask, choose a Grant challenge that you just like, add it to your cart, go to take a look at, and select how a lot you need to donate (and by which foreign money). We recommend donating a minimal of $10 as any qualification standards may have a minimal donation restrict to stop airdrop farming. 

5. Signal Up for Infura

ConsenSys acquired Infura in October 2019. Infura is taken into account one of many world’s main blockchain infrastructure platforms and it additionally immediately helps MetaMask. Infura is transferring towards decentralization and has launched an early entry program for group members to assist. You may fill out a type on the corporate’s website to enroll, although Infura is particularly searching for individuals with expertise in blockchain infrastructure. You can too go to ConsenSys’ Discord channel to study extra methods to get entangled.

Closing Ideas

Airdrop looking is extra artwork than science, and includes a component of luck. Even in case you comply with all of those steps, it’s not assured that it is possible for you to to say MetaMask tokens as soon as ConsenSys points them. Some airdrops like Bored Ape Yacht Membership’s APE token giveaway have been extraordinarily profitable. Others like Optimism’s OP token distribution have been controversial attributable to their strict qualification standards. Nonetheless, following the steps listed on this piece is definitely worth the effort and time on the prospect they repay. 

Disclaimer: On the time of writing, the writer of this piece owned BTC, ETH, and a number of other different crypto belongings.