Metamask Is Preparing to Launch Its Own token and Airdrop

MetaMask, the popular Ethereum wallet provider that enables users to access decentralized applications (DApp) without running a complete node, is open to a token launch and airdrop. The announcement was made in its recent community call.

The team discussed the possibility of a token release in response to feedback from users who wanted more ways to engage with MetaMask’s mission. They can motivate developers who create open-source projects using MetaMask’s technology or provide other valuable contributions.

The team clarified that, while there are currently no plans to release a token immediately, it could be released in the near future.

Erik Marks is a senior software engineer from MetaMask and stated that the project was “absolutely open” to the idea of making it community-owned by introducing a cryptocurrency token. This would create a community where everyone can vote on decisions and control how contributions are used.

Marks also expressed his worries about the ICO market. He explained that the ICO “immediately pumps” and then gives tokens back out as rewards instead of giving tokens out in batches every year or two. However, he also expressed concerns that people will sell their tokens once they get them and there would be a “pump-and-dump cycle” happening all over again.

Airdropped Tokens Making Crypto Desirable

The last few months have seen an explosion of interest in the concept of airdropped tokens. As a result, many popular DeFi platforms like Uniswap and 1Inch have given away free tokens to their early supporters. The benefits are clear: new users and existing ones can earn more money by holding onto these free tokens for more extended periods.

The DeFi summer of 2020 has been quite an eventful one. Among the many new projects launched, airdropped tokens from popular platforms like Uniswap and 1Inch have had the most impact. These free token giveaways for community members have become lucrative for users of these decentralized apps.

Read Also: JPMorgan Tends To Make Crypto Trading Available To All Customers

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