Website for MetaMask claims portal surfaces, spiking PolyMarket odds of MASK token launch
The odds of MetaMask launching a token this year spiked to 35% on Polymarket after a link supposedly pointing to a token claim site surfaced on Monday.
Officials for MetaMask have long teased a potential token to power the largest Ethereum-focused wallet, incubated by the blockchain development company Consensys.
As recently as mid-September, Consensys CEO Joe Lubin said that a MASK token could “come sooner than you would expect,” explaining that it would be a step towards decentralization for the MetaMask platform, in an episode of The Block's "The Crypto Beat" podcast.
It is unclear whether the supposed site — https://claim.metamask.io/— is officially connected to MetaMask or Consensys. The site uses a password-protected Vercel Authenticator, a common way to hide sensitive or staging content.
MetaMask Director of Product Christian Montoya previously told The Block that MetaMask is “launching a new loyalty program” and plans to distribute “$30 million in rewards” as part of its initial run. Users will earn points for trading in MetaMask and referring friends, and the program could “expand over time to include points for more products like MetaMask Card and mUSD,” the wallet’s recently launched native stablecoin.
In May, MetaMask co-founder Dan Finlay told The Block the token, still under consideration, would likely be first advertised directly in the wallet.
“Speculation is almost the worst part of it because it gives fishers an opportunity to prey on users,” Finlay told The Block’s Tim Copeland. “You will not have to find some account on social media that you've never heard of giving you a link. It won't be a text message. We don't have your phone number. It won't be an email. We don't have your email address. It will be in the wallet. It'll be on our main website.”
The idea for a MASK token dates back to at least 2021, when MetaMask engineer Erik Marks suggested the wallet development team could increase community ownership by issuing a token, similar to how other DAOs are operated. It was an idea that Lubin also promoted at the time.
The Block reached out to the MetaMask team for confirmation and will update this article as we learn more.
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