Metamask is an Ethereum wallet and can be used to interact with decentralized applications. Metamask supports Ethereum native token ETH and other Ethereum standard tokens like ERC20 and ERC721 tokens.
Metamask is primarily a web wallet, which means it exists as a browser extension and can be used on browsers like Chrome, Brave, and Vivaldi. Also, the Metamask mobile app is available on IOS and Android.
If you haven't created a Metamask wallet yet, learn how to create a Metamask wallet.
Metamask can also be used with other EVM compatible chains like Binance Smart Chain, Fantom, Avalanche, and Polygon. You need to add custom RPC settings to access these networks to Metamask.
Metamask Airdrop Eligibility
Consensys, the parent company of Metamask raised $450 million at a valuation of $7 billion. Joseph Lubin, Founder of Consensys has hinted at a DAO being formed in the context of Metamask and issuance of Metamask token.
Joe Lubin confirmed that the Metamask is intending to launch a token but did not provide the launch date of the token or any other details about the DAO.
Metamask airdrop is expected from the words of Joe Lubin. Uniswap, 1inch, DYDX, ENS protocols have rewarded their users with tokens based on various criteria. Let us discuss the criteria on which Metamask can airdrop its tokens.
Metamask has 30 million monthly active users. Airdrop to 30 million users is definitely a waste and it is not going to be worth much. But Metamask has an in-built swap feature where you can swap various cryptocurrencies. Metamask also charges an additional fee of 0.875% of every swap. So, if you could complete a few swaps, you could be eligible for Metamask airdrop in the future.
Here is a step-by-step guide on how to do swaps on Metamask.
How to Swap Tokens on Metamask Wallet?
1. Log in to your Metamask wallet
2. Click on the 'Swap' button
3. Select the cryptocurrencies you want to swap. Make sure you have some ETH in your Metamask wallet to pay the transaction fees
4. Then 'Review the Swap', check the details and confirm the 'Swap'
5. Wait for a few minutes and the transaction will be completed.
Swapping tokens on Ethereum Mainnet on Metamask can cost you some gas fees. Gas fees can be in the range of $15 to $40. If you can afford more gas fees, do as many swaps as possible.
You can also swap on other chains like Binance Smart Chain, Polygon, or Avalanche on Metamask. It would cost fewer gas fees but the chances of getting an airdrop for swapping on those chains can be quite low. So pay some gas fees and do some swaps on the Ethereum mainnet.
Also if you really want to swap some cryptocurrencies on Uniswap, 1inch, or any other dexes, using Metamask swap can make you eligible for the airdrop.
So with this Metamask airdrop, you can easily earn some hundred dollars for free. It is a simple task to become eligible and hope you won't regret it afterward by skipping it now.
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