Airdrop is approaching, MetaMask Season 1 Points rewards Interaction Guide

Written by: Umbrella, Deep Tide TechFlow

On the evening of October 28, MetaMask announced the launch of the “MetaMask Rewards” first season points reward program.

As a well-established wallet application that has been actively used since the DeFi era, the news of this event quickly attracted a lot of attention in the market, especially with the confirmation from the official MetaMask press release about the upcoming token issuance.

The MetaMask Rewards event will last for 90 days and will distribute over $30 million in $Linea token rewards. Additionally, the cumulative points from this event are likely to influence the issuance amount of future MetaMask tokens.

From wallet to crypto financial center

The MetaMask points program is not an isolated event; it is accompanied by product iterations as MetaMask transitions into a crypto financial hub.

As a well-established wallet application, investors who entered the cryptocurrency market a bit earlier have more or less used MetaMask, and the familiar little fox logo has almost become synonymous with cryptocurrency.

However, with the emergence of more and more wallet applications in recent years, this fox has gradually been abandoned by the market in the face of an endless stream of new features.

Having missed out on the NFT, inscription, and MEME markets, MetaMask has chosen to embrace Perp DEX, returning to the public eye with a brand new look.

After the latest update of MetaMask on iOS, you can find the perpetual contract option in the middle “Trading” section, currently supporting leverage trading up to 40 times, supported by technology from Hyperliquid. The arrangement of this position also clearly indicates that MetaMask is promoting Perp DEX as the main feature of this update.

Points Program Interaction Guide

MetaMask Points Activity Link

The MetaMask points reward program is currently only available for mobile participation and does not support the web version at this time. iOS users can update MetaMask in the App Store, while Android users will need to wait for the official update.

In the updated MetaMask, click on the “Rewards” in the lower navigation bar and enter the invitation code to access the MetaMask Rewards event interface.

After users enter the event interface, they can link other addresses to obtain historical rewards. MetaMask will provide retroactive rewards for historical trading activities before October 15. For every $1250 exchanged or cross-chain activity, 250 points can be earned, with a limit of 50,000 points per individual address. Users with multiple wallets can quickly accumulate a large number of points by linking addresses.

In addition to earning basic points through associated addresses, users can also earn points through the following activities:

1. Token Exchange: Use MetaMask for token exchange transactions, earning 10 points for every 800U. Additionally, trading on the Linea network will earn double points, and combining with mobile exchanges will provide a 1.5x bonus, allowing for a maximum of 3x points acquisition.

2. Perpetual Contracts: Users can trade perpetual contracts using MetaMask, and for every 100 USDT in operations such as opening and closing positions, they can earn 10 points.

3. Recommend Friends: By inviting other users to participate in the points reward program through an invitation link, the invited users can receive double registration points rewards, and by trading, they can earn 10 points for every 50 points. The inviter can receive a 10 points reward.

At the same time, this event has also set up a user level mechanism, allowing participating users to visually see the rewards they have unlocked and those pending unlocking. By earning points to increase their level, users can gradually unlock benefits such as temporary point bonuses and reductions in perpetual contract transaction fees.

The transformation journey of the little fox is about to begin.

As one of the most widely used established wallets, MetaMask has maintained a good reputation in the cryptocurrency market. However, missing out on multiple market narratives has also put MetaMask at risk of being phased out.

In addition to being more user-friendly and streamlined, this update embraces Perp DEX and clearly announces that the token issuance is more like the first step in the transformation journey of the little fox. Moreover, this points reward program is very likely to bring another large-scale airdrop event to the crypto market.