How to Participate? Is It Worth Participating?
Written by: KarenZ, Foresight News
Before Linea's Token Generation Event (TGE) has arrived, MetaMask's "Odyssey" activity is already on the horizon.
Recently, the web version of MetaMask Portfolio launched a Promotions section, listing multiple MetaMask tasks, which the community views as the MetaMask Odyssey activity.
MetaMask Mission Overview
The MetaMask Missions will last three weeks, from July 21 at 21:00 to August 9 at 10:00. The sponsor of this MetaMask Mission is ConsenSys Software Inc.
Participants need to freely mint an Non-Fungible Token on the Linea chain as a "ticket", and then complete a series of tasks to gain lottery chances. Tasks include token tasks (exchanging or cross-chain specific tokens) and network tasks (performing 10 exchanges or cross-chain activities on a specific network).
More lottery chances mean higher winning probability. Rewards are distributed through a lottery, with participants earning lottery chances by completing tasks. However, the weekly prize pool is only $5,000. Winners are randomly selected through an on-chain randomization process by smart contract, with the list drawn after each week ends.
How to Participate?
1. Freely mint the mission pass Non-Fungible Token on the Linea network (gas fees required), which is a prerequisite for participating in the activity. After minting, users can unlock weekly mission access. Minting this Non-Fungible Token automatically grants one lottery chance each week.
2. First Week Tasks (completing all tasks activates a 2x multiplier):
- Ethereum network AUSDC task: Exchange AUSDC on the Ethereum network, cross-chain AUSDC to Ethereum from other networks, or cross-chain AUSDC from Ethereum to other networks. Exchanging or cross-chaining 10-49.99 AUSDC earns 1 lottery chance, 50-99.99 AUSDC earns 5 lottery chances, and over 100 AUSDC earns 10 lottery chances.
- Ethereum network ONDO task: Exchange ONDO on the Ethereum network, cross-chain ONDO to Ethereum from other networks, or cross-chain ONDO from Ethereum to other networks. Exchanging or cross-chaining 10-49.99 ONDO earns 1 lottery chance, 50-99.99 ONDO earns 5 lottery chances, and over 100 ONDO earns 10 lottery chances.
- Linea network task: Performing 10 cross-chain or token exchanges on, to, or from the Linea network earns 10 lottery chances.
- Ethereum network task: Performing 10 cross-chain or token exchanges on, to, or from the Ethereum network earns 10 lottery chances.
First week prize pool: $5,000 in assets, with winners receiving $500 worth of ONDO or $500 worth of AUSDC.
3. Second Week Tasks (completing all tasks activates a 2x multiplier):
- Arbitrum network EURE task: Exchange EURE on the Arbitrum network, cross-chain EURE to Arbitrum from other networks, or cross-chain EURE from Arbitrum to other networks. Exchanging or cross-chaining 10-49.99 EURE earns 1 lottery chance, 50-99.99 EURE earns 5 lottery chances, and over 100 EURE earns 10 lottery chances.
- Arbitrum network LDO task: Exchange LDO on the Arbitrum network, cross-chain LDO to Arbitrum from other networks, or cross-chain LDO from Arbitrum to other networks. Exchanging or cross-chaining 10-49.99 LDO earns 1 lottery chance, 50-99.99 LDO earns 5 lottery chances, and over 100 LDO earns 10 lottery chances.
- Optimism network task: Performing 10 cross-chain or token exchanges on, to, or from the Optimism network earns 10 lottery chances.
- Arbitrum network task: Performing 10 cross-chain or token exchanges on, to, or from the Arbitrum network earns 10 lottery chances.
Second week prize pool: $5,000 in assets, with winners receiving $500 worth of EURE or $500 worth of LDO.
4. Third Week Tasks (completing all tasks activates a 2x multiplier)
- Arbitrum network COMP task: Exchange COMP on the Arbitrum network, cross-chain COMP to Arbitrum from other networks, or cross-chain COMP from Arbitrum to other networks. Exchanging or cross-chaining 0.2-0.99 COMP earns 1 lottery chance, 1-1.99 COMP earns 5 lottery chances, and over 2 COMP earns 10 lottery chances.
- Arbitrum network WBTC task: Exchange WBTC on the Arbitrum network, cross-chain WBTC to Arbitrum from other networks, or cross-chain WBTC from Arbitrum to other networks. Exchanging or cross-chaining 0.0001-0.00049 WBTC earns 1 lottery chance, 0.0005-0.00099 WBTC earns 5 lottery chances, and over 0.001 WBTC earns 10 lottery chances.
- BSC network task: Performing 10 cross-chain or token exchanges on, to, or from the BSC network earns 10 lottery chances.
- Polygon network task: Performing 10 cross-chain or token exchanges on, to, or from the Polygon network earns 10 lottery chances.
Third week prize pool: $5,000 in assets, with winners receiving $500 worth of EURE or $500 worth of LDO.
Note: All interactions must be completed through MetaMask's built-in native Swap or Bridge functions. Only exchanges and cross-chain activities using these two built-in functions will be counted. Using third-party dApps (even when accessed through MetaMask) will not earn lottery chances.
Is It Worth Participating?
As mentioned, the MetaMask Missions prize pool is only $5,000 per week, with a single reward of $500 and only 10 winners per week. The author's mission pass Non-Fungible Token, minted around 15:25, had a number of 42,600. If the sole goal is to win the lottery, the cost-effectiveness of participation is very limited. For users who only complete the Non-Fungible Token minting (1 lottery chance per week), the probability is close to zero. To gain more lottery chances, each exchange or cross-chain transaction requires a 0.875% platform fee and gas fees.
However, the community speculates that this activity might be related to a future MetaMask token airdrop. ConsenSys founder Joseph Lubin previously responded to a user's question about whether MetaMask would launch a token, stating that ConsenSys has short-term and medium-term strategic plans involving the protocolization of existing products and other projects, and that Web3 protocols typically require token support. Lubin emphasized that LINEA would be the first to launch a token, with more tokens to follow, and protocols would achieve synergistic effects.
Combining Lubin's statement, MetaMask's token issuance seems inevitable. This activity requires users to interact through MetaMask's built-in functions, and the data is likely to be incorporated into a future airdrop "qualification assessment system" (such as interaction frequency, participation duration, network coverage, etc.).
Of course, whether to participate depends on individual positioning and cost-time considerations. If you are long-term optimistic about the ConsenSys ecosystem (Linea, MetaMask, etc.), it might be worth a try. If you're not interested in the lottery mechanism, complex tasks, or MetaMask's airdrop prospects, you can decisively opt out.
If you decide to participate, you can reduce costs to a large extent through the following methods:
1. Try to avoid Ethereum mainnet tasks, or only complete necessary operations during low gas fee periods;
2. Network tasks (10 cross-chain or exchanges) can be done with very small amounts.
