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

Crypto Briefing appears to be like on the varied steps MetaMask customers can take to spice up their possibilities qualify for the pockets’s long-rumored token airdrop. 

MetaMask Token Incoming? 

MetaMask is the most well-liked Web3 pockets, and rumors of a possible token airdrop for lively 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 outdoors of ConsenSys engaged on increasing the MetaMask ecosystem. The transfer could possibly be a touch that the corporate is trying to decentralize the venture. 

ConsenSys hit a $7 billion valuation with a $450 million Sequence D increase in March, which suggests it might doubtlessly 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 probabilities of receiving the pockets’s token as soon as it’s stay.

1. Swap Tokens on MetaMask

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

Swapping tokens on MetaMask is simple. 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 make sure that 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 you 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 resolution 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 start out utilizing the product, go to Gnosis Safe, join your pockets, and observe the steps to create a multisig Secure pockets. You’ll want to pick out Ethereum because the community, title your new pockets, present not less than two addresses because the “house owners” of the pockets (you’ll be able to create a brand new MetaMask account and enter that handle alongside the one you’re already utilizing), and pay a small transaction charge.

4. Donate by way of 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 might due to this fact improve the probabilities of qualifying for a MetaMask airdrop. To make a donation, you’ll have to create a profile on GitHub, then go to the Gitcoin Grants web page, join your MetaMask, choose a Grant venture that you simply like, add it to your cart, go to take a look at, and select how a lot you need to donate (and wherein foreign money). We advise donating a minimal of $10 as any qualification standards might have a minimal donation restrict to forestall 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 instantly helps MetaMask. Infura is transferring towards decentralization and has launched an early entry program for group members to assist. You possibly can fill out a type on the corporate’s website to enroll, although Infura is particularly searching for folks with expertise in blockchain infrastructure. You too can go to ConsenSys’ Discord channel to study extra methods to become involved.

Ultimate Ideas

Airdrop searching is extra artwork than science, and includes a component of luck. Even when you observe all of those steps, it’s not assured that it is possible for you to to assert 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 resulting from their strict qualification standards. Nonetheless, following the steps listed on this piece is well 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 several other different crypto belongings.