Key Takeaways
- The Metamask and Linea rewards program will distribute over $30 million worth of LINEA tokens in the first season.
- Users will earn points by trading, referring, and using their mUSD stablecoin, earning bonus points for participating in the Linea network.
- The program has left some users feeling mixed, and long-time users have expressed concern about the potential of favoritism toward a new fee-generating activity.
Table of Contents
A Major Incentive Program Debuts
MetaMask, owned by ConsenSys, has announced one of the largest wallet reward programs in crypto history. The Metamask and Linea rewards program, which will be unveiled in the coming weeks, will be distributing over $30 million worth of LINEA tokens to users. This program is a large community engagement program, with referral bonuses, mUSD stablecoin incentives, and unique partner rewards for all users instead of just a basic token farming program.
Read also: MetaMask Stablecoin Launch: mUSD to Bridge Web2 and Web3 Payments
How Users Earn Points & Rewards
The program will create a points system with rewards based on specific actions taken on-chain. According to the details made available, users will earn points for spot and perpetual trades as well as a historical volume bonus. Perhaps the most interesting part about the Metamask and Linea rewards program is that a multiplier of points will be assigned to those actions taken on the Linea network, essentially creating a mechanism for driving traffic and usage to ConsenSys’s incubated Ethereum Layer-2 solution.
Read also: GOAT Network Launches Bitcoin Yield Dashboard for Native BTC Rewards
New Incentives versus Old Loyalty
The Metamask and Linea rewards program created a lot of excitement but also concerns. Long-time users complained that the points-based model favors new behavior to generate more fees, instead of providing value to those who have remained loyal for years. Metamask communicated to their community that “OGs” would not be forgotten and they would provide benefits to long-time steadfast users, along with significant reward for a future native MetaMask token, that would address growth and fair play.
FAQs
When does the program start?
The full rollout is expected in the next couple of weeks, following an initial announcement.
What can I do to earn rewards?
Eligible activities include trading, referrals, using mUSD, and conducting transactions on the Linea network.
Are long-time users included?
Yes, MetaMask has stated that veteran users will receive special benefits tied to both this program and a future platform token.
For more blockchain rewards, read: Solana ETF $SSK Smashes $33M Debut: Staking Rewards Fuel Institutional Demand
