MetaMask, one of the most popular cryptocurrency wallets in the market, could launch its own token in the near future. The official launch could be done through an official airdrop in the future, but there are many things that users should take into account if they want to participate or qualify for the airdrop.
Could MetaMask Launch its Token Through an Airdrop?
MetaMask seems to be ready to launch its own crypto token, and users are already getting excited about this possibility. Indeed, this is not the first time that investors hear about the possibility to receive an airdrop of tokens from MetaMask. The token could be called MM or MASK but there are no further details on how it could be used or for what.
Joseph Lubin, one of the co-founders of Ethereum and the CEO of ConsenSys, informed that MASK could be released in the near future. On November 8, he answered on Twitter that we should “stay tuned” for a MASK announcement in the near future, but he didn’t give more details on that matter.
About it Joseph Lubin commented:
“ConsenSys has thousands of tokens on our balance sheet. ConsenSys is vigorously controlled by its employees, which includes me. And we are driving towards decentralization of several of our projects. Wen $MASK? Stay tuned.”
In order to participate in the airdrop, there are many things that users should do. Eligibility is not going to be everyone. Users should fill their wallets with chains, explore the MetaMask bridge, perform some swaps and contribute using Gitcoin. Another thing that users can do is register with Infura.
These are all projects that are closely linked to ConsenSys, meaning that there is a high possibility that there could be an airdrop for users that get involved in these types of actions with their MetaMask wallets.
Airdrops have been very popular in the crypto market because it was a great way for projects to attract users and push them to engage with different networks and specific tokens. Therefore, MetaMask launching its own token as an airdrop could be one of the best things to do for this important crypto project in the cryptocurrency market.
Despite this possibility, there is nothing certain, and many things could happen in the future, especially when the market is in a bear trend that started in November 2021. Nevertheless, strong projects continue to build new solutions and offer new services to users and the whole crypto industry. This is why it is important to follow the developments related to MetaMask.
When it comes to Bitcoin (BTC) and Ethereum (ETH), BTC is now being traded at $16,600 and it has a market capitalization of $318 million. In the last 24 hours, ETH has moved lower by 2.3%. Meanwhile, Ethereum is being traded at $1,215 according to CoinGecko. Additionally, ETH has a market capitalization of $146.7 million and its price decreased 4% in the last 24 hours.