MetaMask’s Leap Towards Cryptocurrency: What Users Need to Know About the Airdrop Points System

Sitting at the forefront of crypto wallets, MetaMask is venturing into issuing its cryptocurrency. Insights have emerged from the GitHub code, underscoring the airdrop points system now associated with its ecosystem.

MetaMask’s Token Launch: A Deep Dive into Points

Since its inception in 2016 by Consensys, an Ethereum infrastructure company, MetaMask has become a household name in the Web3 world. With over 30 million users globally, it serves as a gateway for beginners and veterans alike, allowing for secure interactions with DeFi, NFTs, and DAOs.

In recent years, curiosity has swirled around MetaMask’s possible launch of a native token, “MASK”. This move is anticipated to reward its early users and facilitate governance mechanisms.

Decoding the Airdrop Points through GitHub Insights

A recent analysis by @ONEMINNFT brought to light the intricacies of the airdrop points calculation found within the GitHub code:

• Spot Trading: Every $100 traded earns 80 points.
• Futures Trading: Every $100 traded earns 10 points.
• Historic Trading Activity: For every $1,250 accumulated, 250 points are awarded, capped at 50,000 points.
• Linea Blockchain Usage: Users receive a 100% boost, effectively doubling their points.

This breakdown emphasizes the greater weight spot trading holds over futures trading in terms of points, with past activities also being a factor, albeit with a ceiling.

Rumors suggest that MetaMask’s integrated futures trading will harness Hyperliquid’s liquidity—potentially a boon for Hyperliquid:

• MetaMask’s large user base provides significant exposure.
• Historically, such token distributions have coincided with peaks in user activity.
• The framework advances Hyperliquid’s position as a key player in on-chain liquidity infrastructure, akin to Binance’s Crypto-as-a-Service offerings.