Guide to MetaMask Rewards and Potential MetaMask Airdrop

Will MetaMask Release a Token?

In September 2025, Consensys CEO Joseph Lubin confirmed that MetaMask will be launching its own native token in the near future. Shortly after, MetaMask launched the MetaMask Rewards program which allows users to earn points for trading, swapping, and referring others. While the points are meant to determine tiered perks, many also anticipate that it will be used to determine a potential future token airdrop allocation.

Key Takeaways

• MetaMask was created by Consensys as a self-custodial wallet that enabled users to manage crypto assets, execute transactions, and interact with decentralized applications. 

• Consensys CEO, Joseph Lubin, recently confirmed that MetaMask has plans to introduce its own native token which will be used to expand the MetaMask ecosystem.

• The wallet provider has also launched a rewards program for users to earn points and unlock benefits. 

• There is speculation that points earned from the program will be used to determine eligibility for a future token airdrop allocation although nothing has been confirmed by the MetaMask team.

With more than 30 million active monthly users, the MetaMask wallet is undoubtedly one of the most used wallets in the crypto space. Anticipation for a native token dates back all the way to November 2021 when Consensys CEO Joe Lubin teased the release of the native token MASK for the wallet, causing many investors to speculate on an airdrop. It was only later in March 2022 that he confirmed that MetaMask intends to launch its own token and a Decentralized Autonomous Organization (DAO) to pursue ‘progressive decentralization’. 

At that time, Lubin also mentioned that the DAO would aim to introduce community ownership. As such, while there has been no confirmation that the token will be airdropped at launch, Lubin’s claim has resulted in many speculating that the token will be distributed through an airdrop. 

Users have been waiting for more news on the token launch since 2022 but nothing else was ever announced until now. In a recent interview with The Block, Lubin once again confirmed that MetaMask intends to introduce a native token. This was also confirmed by MetaMask’s official X account in a post but details on a launch date, ticker, or distribution details are still unknown.

Shortly after, MetaMask launched the MetaMask Rewards, a program that allows users to earn points for various activities. Each season will run for three months and points will be carried over into future seasons to offer broader perks and more exclusive benefits. Throughout each season, users can earn points to unlock tiered perks and special boosts.  

Since it is not uncommon for protocols to use points programs to determine airdrop allocations, many are speculating that these points could be used to qualify for a potential future token airdrop allocation. On top of that, in the article announcing the launch of MetaMask Rewards, the team highlights that the points will offer deeper integration across the MetaMask ecosystem including the upcoming MetaMask token.

Do take note that at the time of writing, the MetaMask team have not made any official announcements on a token airdrop program or eligibility criteria. Therefore, following the steps below and earning points in the MetaMask Rewards program does not guarantee a future token airdrop allocation.

Introduction To MetaMask and MetaMask Rewards

MetaMask is a crypto wallet that lets users store, send, and manage their crypto tokens across Ethereum and other EVM-compatible blockchains. Users can choose between using a browser extension or a mobile app for iOS and Android to access decentralized applications (dApps), buy, and swap crypto across multiple networks. 

The wallet provider has also introduced a seasonal points and rewards system in selected regions to encourage on-chain activity. Users can earn points based on trade volume by swapping tokens, trading perpetuals, and also inviting friends through referrals. Each season will feature new incentives and updated rewards. 

For the current first season, there are seven levels to unlock based on the amount of points earned. Starting from Level 1 with no rewards, users can unlock increasing benefits as they gain more points. These include Linea token rewards, boosted points on trades, lower trading fees, priority support, and access to the exclusive AlphaFoxes club. The highest level, Utopia, offers all previous perks plus a free MetaMask Metal Card for a year.

Future plans for the rewards program include letting users earn points by using the MetaMask Card and by buying and holding mUSD in their wallet. This new program is meant to expand rewards across the whole MetaMask ecosystem.

Now, let us take a look at specific ways you can earn points and increase your eligibility for receiving a potential token airdrop allocation.

Download the MetaMask App

In order to participate in the rewards program, you will need to download the MetaMask app on iOS or Android. 

Go to https://metamask.io/en-GB/download, select Mobile App, and scan the QR code on your device. Download the app from your app store and open it. You can choose to Create a new wallet or import an Existing Wallet. 

Once your wallet is set up, you can start earning points.  

Fund Your Wallet and Enable Rewards

If you are starting with a new wallet, you can fund it by either depositing tokens from another wallet or buying tokens directly from MetaMask. 

Purchases can be made with debit or credit cards, Apple Pay, and other popular services including Venmo and PayPal depending on your country. Bank deposits are also possible for specific regions.

Once your wallet is funded, select Rewards at the bottom of your screen and click Get Started. The screen will then display more about the rewards program before prompting you to use a referral code. 

Signing up will earn you 250 points and using a referral code will earn you an additional 250 points. 

Use Metamask’s Swap Feature

Swapping on MetaMask will earn you 80 points for every $100 spent. 

On the rewards page, scroll down and click on Swap under the list of ways to earn. 

You can then choose what token and network you want to swap to. In the example below, we swapped from ETH on Ethereum to USDT on Avalanche. MetaMask will then display the quote and you can confirm the transaction.

There are also boosts that can increase the points you earn per swap. For example, we had a 1.5x points boost for swaps on mobile as well as a 2x points boost for swaps on Linea.

Trade Perpetuals

Trading perps will earn you 10 points for every $100 including opens and closes, stop loss and take profit orders, and margin adjustments.

1. Back on the rewards page, click Perps.
2. If you are unsure about perps, MetaMask offers a quick guide before you start trading. 

Now it is time to Add Funds to your perps account.

You can choose from your available tokens and input how much you want to add.

Now, with funds in your account, you can now choose which token you want to execute a perps trade on as well as the leverage, take profit, and stop loss settings. 

Double check the details like the margin, liquidation price, and fees before you confirm the transaction. The higher the value of your perp trade, the more points you will earn. 

Refer Others

When you refer others, they will receive the extra 250 points upon signing up. For every 50 points they earn after that, you will earn 10 points. 

On the rewards page, select Refer Friends. 

You will then see your referral code and referral link to share with others. 

Claim Your Loyalty Bonus

If you are a longtime MetaMask user, you can claim points for past activity. You will earn 250 points for every $1,250 on swapping and bridging with a total of 50,000 points per user. However, do note that all the trades must have been executed before October 15, 2025 to qualify as past activity. 

Back on the rewards page, click Loyalty Bonus.

You can then add more MetaMask accounts that have past activity and the bonus points will be added shortly after.

Final Thoughts

If MetaMask really conducts an airdrop, you can expect the team to be much more stringent on their criteria for their airdrop due to the large number of active users on the wallet. One of the criteria for the potential airdrop will likely be the points earned from the MetaMask Rewards program since it is a quantifiable way of evaluating a user’s participation.

This article is only for informational purposes and should not be taken as investment or financial advice. Always do your own research before connecting your wallet to any protocol, and note that following the above steps is no guarantee of receiving an airdrop.

An earlier version of this article was contributed by Hwee Yan.