With the airdrop imminent, here's a guide to the MetaMask Season 1 points rewards system.

MetaMask has launched its Season 1 "MetaMask Rewards" program, a 90-day event distributing over $30 million worth of $Linea tokens. This initiative aligns with MetaMask's evolution into a crypto-finance hub, introducing perpetual contract trading powered by Hyperliquid with up to 40x leverage.

Rewards Program: Exclusive to mobile apps (iOS/Android); points can influence future MetaMask token airdrops.
Earning Points:
- Link historical addresses for retroactive rewards (up to 50,000 points per address).
- Token exchanges: 10 points per 800 USDT swapped, with multipliers on Linea network (3x max).
- Perpetual contracts: 10 points per 100U traded.
- Referrals: Bonus points for inviters and invitees.
User Tiers: Level up to unlock limited-time point boosts and fee reductions.

This update marks MetaMask's strategic shift to reclaim market relevance, leveraging token incentives and new trading features.

Author: Umbrella, Deep Tide TechFlow

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

As a long-established wallet application that has been active and widely used since the DeFi era, coupled with the information confirmed in the official MetaMask press release that it would soon issue tokens, the news of this event quickly attracted a lot of attention from the market.

The MetaMask Rewards event will last for 90 days and will give away more than $30 million worth of $Linea tokens. The accumulated points from this event will likely have a significant impact on the subsequent issuance of MetaMask tokens.

From wallets to crypto-finance hubs

The launch of MetaMask's points program is not an isolated event; it also marks a product iteration as MetaMask transforms into a crypto-finance hub.

As a long-established wallet application, MetaMask has been used by investors who entered the crypto market earlier, and its familiar fox logo has almost become synonymous with crypto.

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

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

After updating to the latest version of MetaMask on iOS, you can find the perpetual contract option in the middle "Trade" section. It currently supports leverage up to 40x and is powered by Hyperliquid. This arrangement clearly shows that MetaMask is promoting Perp DEX as the main feature of this update.

Points Program Interaction Guide

MetaMask's points reward program is currently only available on mobile devices and not on the web. iOS users can update MetaMask through the App Store, while Android users will need to wait for an official update.

In the updated MetaMask, click "Rewards" in the bottom navigation bar and enter the invitation code to enter the MetaMask Rewards event page.

After entering the event page, users can link other addresses to earn historical rewards. MetaMask will provide retroactive rewards for historical transactions before October 15th, awarding 250 points for every $1250 exchange or cross-chain activity, with a maximum of 50,000 points per address. Users with multiple wallets can quickly accumulate a large number of points by linking addresses.

In addition to earning basic points by associating with a web address, users can also earn points through the following activities:

1. Token Exchange: Earn 10 points for every 800 USDT exchanged using MetaMask. Furthermore, transactions using the Linea network will earn double points, and combined with the 1.5x bonus for mobile exchanges, you can achieve up to 3x points.

2. Perpetual Contracts: Users can earn 10 points for every 100U of perpetual contract trading on MetaMask, including opening and closing positions.

3. Refer a Friend: Invite other users to participate in the points reward program through the referral link. The invited user will receive double the registration points, and for every 50 points earned through transactions, the referrer will receive 10 points.

In addition, this event also features a user level system, allowing participating users to see their unlocked rewards and those yet to be unlocked. By accumulating points and increasing their level, users can gradually unlock benefits such as limited-time bonus points and perpetual contract fee reductions.

The little fox's transformation is about to begin.

As one of the most widely used and established wallets, MetaMask has always enjoyed a high reputation in the crypto market, but missing out on several market narratives has put MetaMask at risk of being shut down and eliminated.

Beyond being more user-friendly and streamlined, this update's embrace of Perp DEX and the explicit announcement of token issuance seem to be the first step in Fox's transformation, and this points reward program is also very likely to bring another large-scale airdrop event to the crypto market.