Metamask Airdrop and Metamask in Wallet Swap
Possible Metamask Airdrop
Metamask has been hinting in interviews that they will create a Metamask token, possible a DAO coin, and it will be air dropped to users of Matamask Wallet Swaps.
Air drops for those of you who don't know, are free money. Basically a financial reward for supporting a company or service.
The famous Uniswap air drop comes to mind. Uniswap was one of the first decentralized cryptocurrency exchanges, which is on the ethereum blockchain. Users made it the largest decentralized exchange in the world.
the creators of Uniswap created a token called UNI and air dropped it to the wallets of users of Uniswap in proportion to their documented swaps from thier wallets. This huge air drop made millionaires, thousandaires and hundredaires out of many, many traders.
Metamask
Metamask developed an intra-wallet swap, which operates like a multi-dex swap service, where they check multiple decentralized exchanges for the best swap prices and execute your swaps right inside your Metamask wallet. It has become immensely successful generating millions of dollars US in revenue.
Metamask Video on Swaps
Industry writers suspect an airdrop and DAO are next in the evolution of Metamask, and the founders are not denying this possibility, and have been quoted saying an air drop will happen, but are elusive as to when.
Air drop qualifications
So far the only qualification for the air drop is the use of the swap. I started using the swap a few months ago and I can report the prices are slightly worse for Cub, BUSD, bLeo and Dai swaps on Metamask then they are on PanCakeSwap. Its small for me, around two dollars more expensive using Metamask per swap. So while I know I am losing money in the short term, I think it may be worth it in the long term.
Whats your experience?
Does anyone else have any experience with Metamask intra-wallet swaps?
Whats your experience?
What do you think about the air drop?
Have you heard anything about it?
Thanks,
@shortsegments
References:
Videos
Official Metamask Video on Metamask Swaps:
YouTubers
Posted Using LeoFinance Beta
In addition, these types of airdrops are termed as retroactive. It will be mind-blowing should MetaMask initiate a native token and then an Airdrop.
I wouldn't want to miss this so, I'd better start interacting with the wallet swap feature.
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Retroactive sounds great.
Welcome aboard the air drop hopeful... the train to metamask token riches 😃
you are correct, you definitely have to do the math to see if its profitable.
What are the chances they'll only drop to ETH swaps?
Not BSC or Polygon?
Posted Using LeoFinance Beta
Hmmmmm…
I haven’t seen anything limiting it to an ecosystem, only the use of the swap services, and I only use it on the Eth and Bsc side, not Polygon yet. I will look into that.
Posted Using LeoFinance Beta
i've used it a few times myself on BSC, thinking of the airdrop, maybe they'll do a multichain drop who knows?!?
A MetaMask token could well fly!
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That would be great especially if we trading on Polygon by then!
😃
I know about the swap but I don't think it's worth using because of the extra fees. I might consider it for the airdrop but I just don't like to gamble on chances.
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The economics are important, but the air drop could be very profitable.
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It could but it's pretty much a gamble. Metamask is essentially just a wallet to me and not really an Defi platform earning plenty of funds.
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I understand, I think as long as it's a conscious decision to pay more gambling on free tokens
I think it"s okay.
I've done a few wallet swaps, but also thought they were more expensive.
I'd be happy to take any drop they'd like to give though. :)
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Ha Ha yep you and me both, I trade daily, so I am thinking of it as an investment, and hope to get my capitol back and some profit 🙏
I'm just hearing about it from you now. Thanks for the information.
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your welcome.
:)
Thank you
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Well doesn’t MetaMask use a third party for their swaps? Such as 1inch or Uniswap, whatever LP provides the best rate?
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They do actually search several dexs for the best price, such as Uniswap then they make your trade for you, and charge you a small fee. This fee is apparently grown into a major source of income for them.
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the swaps is good on BSC mainet..
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I didn't know about that, I will look at it.
MetaMask airdrop 👀?
The crypto community has certainly been waiting for this one with bated breath.
I've heard the talk but never looked into what I'd actually need to do to qualify so thanks for sharing details around the swaps feature.
I'm probably small enough that I can sacrifice a few dollars here and there for convenience.
But is it really more convenient than using PancakeSwap if I'm already on that page to claim my CUB anyway?
I guess it saves a click...
PS. Fix up the broken images?
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I agree with you!
I have been using the swap service for swaps associated with Cubfinance, but I figure the few dollars I lose are an even swap for an airdrop.
Thanks for pointing out the picture issue.
I actually write my posts and load mu pictures on Hive.blog because it loads pictures 100% of the time,then I copy and paste the post and picture markdown into Leofinance front end, so I usually don’t have any trouble with pictures…usually being the operative word.
Posted Using LeoFinance Beta
Airdrops always sound interesting, but the chance of getting a high number of tokens in the airdrop would probably be very small for me personally. Not sure if it would even be worth it to pay the extra dollars with the little amounts of money that I can use to do a swap.
Anyways, thanks for the information, and no matter what, a little investigation can never hurt me. So I will defo take a look at it to see more info.
Posted Using LeoFinance Beta
you are correct, you definitely have to do the math to see if it's profitable