Many cryptocurrency projects, when launching their token, distribute part of it to users, and sometimes this is a lot of money. But, according to Jacob Kantele, MetaMask users will not be able to get rich.
MetaMask has become the largest cryptocurrency wallet for the Ethereum network and some others – more than 30 million people use it every month. At the moment, MetaMask does not have its own token, but back in November 2021, ConsenSys CEO Joseph Lubin hinted at the possibility of issuing a MASK token. Users took it with enthusiasm, however, as ConsenSys COO Jacob Kantele said in an interview with Decrypt, users will not be able to get rich.
“We believe deeply in progressive decentralization and are gradually moving towards it, but we are doing it in ways that do not bring wealth. We do not want to develop this topic, because such a distribution of tokens can put us at risk from the regulatory authorities. In addition, there are risks that a significant part of the tokens will be sent to “airdrop farmers” and not to real members of the community,” Kantele emphasized.
In the fall of 2020, decentralized exchange Uniswap launched its own UNI token. As part of the distribution, each user who made at least one transaction on the exchange received 400 tokens. Now the token is trading at $10, but its price reached $40. That is, each user could receive up to $18,000, but he could have more than one wallet. Therefore, it is not surprising that when a large project announces the distribution of tokens, there is a revival in the community.
Source: Bits
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