MetaMask Token Becoming a Reality - Wen Airdrop?

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I don't know about you but I've been seeing rumors of a MetaMask token floating around for what feels like years. Ever since UniSwap did their surprise airdrop then 1inch dropped theirs. So like.... wen MASK token?

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MetaMask DAO + Token

A couple days ago, Consensys announced that MetaMask wallet has over 30 million active users. With a 42% increase in active users over the past 4 months, the wallet is growing at an insane rate. MetaMask has easily become the default wallet for EVM blockchains for many good reasons. The number one reason is ease of use. I've personally been using it since 2017 and always end up going back to it for daily transacting even after trying other wallets. With the wallet's massive growth comes the concern of centralization, so they're pushing toward "progressive decentralization" by forming a DAO. A Decentralized Autonomous Organization that governs potential new features and additions to MetaMask. What's a DAO without a governance token though, right? Why would they just let users vote on proposals the old fashioned way? I know, I know. Tokenize everything.

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So with the introduction of a DAO and a governance token, we'll call $MASK... There will more than likely be an airdrop of some portion of those tokens. Hell, maybe even all of those tokens. Who will get the potential airdrop has yet to be determined. Will it be anyone who has a MetaMask wallet and has made a minimum of transactions? Will it be for users that have used the MetaMask Swap service built into the wallet? It's hard to say and we probably won't know until it drops on us. This is how I expect the launch of the token to happen because they're focused on "making sure it isn't just a cash grab". Obviously there's going to be people that get the airdrop then immediately dump it on the market. I guess it all really comes down to the tokenomics and how it's distributed.

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Regardless of trading speculation, there's emphasis on the token being a huge part of the platform. Personally I love the idea of a DAO, especially with a platform this large that is the backbone of a lot of user's financial transactions. Of course, we want to make sure we try and position ourselves in a way that we get as many airdrops from this as possible. I'd bet that they're going to randomly take a snapshot of all wallets that have used MetaMask. Then maybe a snapshot of users that have used the swap service. Maybe all at once. I feel like the more likely criteria would be using the built in swap service as there's probably a ton of users that have MetaMask wallets that have never done a transaction. So I suggest going and doing a swap or 2 via the built in swap service. If you wanna spend the gas fee, use the Ethereum Mainnet. If you wanna save on the fees, switch the Polygon. I'm not sure it will matter or if this will be one of the things that actually matters. I just wanna make sure I have as many active wallets as possible when they go snapshotting. Ya feel me?

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Thanks for reading! Much love.


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MetaMask Token Becoming a Reality - Wen Airdrop? | Ecency