Bitget App
Trade smarter
MetaMask’s $30 Million Reward Program Faces Off Against Bittam’s Bold Incentive Offers

MetaMask’s $30 Million Reward Program Faces Off Against Bittam’s Bold Incentive Offers

Bitget-RWA2025/10/29 00:08
By:Bitget-RWA

- MetaMask launches $30M rewards program with tiered benefits for trading, referrals, and cross-chain activities to boost user engagement. - Competes with Bittam's $3,000 new user bonuses and 200× leverage, focusing on retention through gamified points and exclusive perks. - Expands multichain support for EVM, Solana, and Bitcoin in MetaMask Mobile 7.57, integrating Linea's Layer 2 for fee discounts and token allocations. - Potential "MASK" token speculation rises as Polymarket odds hit 35% for 2025 launch

MetaMask, a prominent

wallet, has unveiled an extensive rewards initiative and broadened its multichain features, marking a deliberate effort to boost user participation and diversify its platform. This new program, known as , motivates users to trade, swap, and invite others by providing tiered incentives such as reduced fees, token rewards, and special privileges, as reported by . At the same time, the company introduced a $30 million token fund as part of the rewards, with distributions set over a 90-day timeframe. These initiatives come as MetaMask faces heightened rivalry from competitors like Bittam, which has rolled out a $3,000 welcome bonus and 200× leverage trading, according to a .

The rewards platform is structured around a points system, where users accumulate points through actions such as token swaps, perpetual futures trading, and referring friends. These points determine placement within seven reward levels, from "Origin" (no benefits) up to "Utopia," which grants top users a complimentary MetaMask Metal Card, as detailed by TradingView. For example, participants receive 8 points for every $10 swapped and 1 point per $10 in perpetual futures trades, as per the same source. Past activities, including previous swaps and bridging, also add to the total, with a maximum of 50,000 points per account. The program is designed for ease of use, enabling users to connect several accounts to speed up their progress.

MetaMask’s $30 Million Reward Program Faces Off Against Bittam’s Bold Incentive Offers image 0

MetaMask’s move to support multiple chains further enhances its attractiveness. With the release of MetaMask Mobile 7.57, users are now able to manage Ethereum Virtual Machine (EVM),

, and wallets all within a single profile, making cross-chain operations more convenient. This update fits into MetaMask’s larger goal of making decentralized finance (DeFi) more accessible, especially as rumors grow about a possible "MASK" token. Recent signs, such as a password-protected token claim page and remarks from Consensys CEO Joe Lubin, have pushed the likelihood of a 2025 launch to 35% on Polymarket, according to TradingView.

The rewards initiative is also linked to MetaMask’s latest collaboration with Linea, a Layer 2 scaling network. Users can exchange points for Linea tokens, reduced transaction fees, and priority support, strengthening the relationship between the two platforms, TradingView notes. Meanwhile, Bittam’s $3,000 deposit incentive and zero-fee policy underscore the fierce competition in the crypto trading sector. Bittam’s 200× leverage allows traders to maximize positions with limited funds, though MetaMask’s strategy is centered on user rewards and retention rather than high-risk leverage, as highlighted in the earlier Bittam press release.

MetaMask’s recent enhancements highlight its significance in the DeFi ecosystem. By integrating multichain functionality, gamified incentives, and the potential for tokenization, MetaMask is positioning itself as a user-focused entry point to Web3. As the digital asset landscape shifts, MetaMask’s commitment to innovation and user accessibility will be key to maintaining and growing its community.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Bitcoin News Update: MicroStrategy's Bold Crypto Bet Falters as Shares Plunge 53% Due to Investor Skepticism

- MicroStrategy's stock plunged 53% as Bitcoin's 8% drop eroded $18B in market cap, linking its fate to crypto volatility. - The company's Bitcoin-centric strategy faces skepticism despite $74B in BTC holdings, with critics warning of unproven risk. - Macroeconomic headwinds, Fed policy uncertainty, and regulatory pressures amplified the selloff in crypto-linked equities. - Analysts split between bearish technical indicators and bullish S&P 500 inclusion potential, while CEO Phong Le maintains $150K BTC pr

Bitget-RWA2025/10/31 04:18
Bitcoin News Update: MicroStrategy's Bold Crypto Bet Falters as Shares Plunge 53% Due to Investor Skepticism

Hong Kong Sees Rise in Tech IPOs as Crypto Regulations Remain Strict

- Hong Kong's tech IPOs surge as firms like Pony AI and Sany raise funds for expansion, with Uber investing $120M in autonomous driving ventures. - SFC intensifies crypto treasury scrutiny, warning DAT firms' premium valuations pose investor risks after blocking strategies for five companies. - Cross-border collaborations between U.S. and Chinese AV firms accelerate, exemplified by Uber-WeRide joint ventures in the Middle East. - Legal disputes over LiDAR patents highlight competitive pressures in Hong Kon

Bitget-RWA2025/10/31 04:18
Hong Kong Sees Rise in Tech IPOs as Crypto Regulations Remain Strict

AAVE drops 1.45% while DAO evaluates a $50M repurchase plan

- AAVE dropped 1.45% in 24 hours to $217.57, with 9.37% weekly and 29.33% annual declines, despite a $3.5B market cap. - Aave DAO proposed a $50M annual token buyback framework to stabilize prices by reducing supply and injecting demand. - Technical analysis shows buyers defending key support levels, suggesting potential short-term stabilization for the Ethereum lending protocol. - Backtests of 1,377 buyback/dividend events revealed no consistent price edge, with 49-52% win rates and 4.5% average returns.

Bitget-RWA2025/10/31 04:14

Kite’s tokenomics prioritize the community, dedicating 48% to ecosystem development

- Kite's KITE tokenomics allocate 48% of 10B tokens to ecosystem/community, prioritizing user rewards, governance, and dApp development. - 20% reserved for founding team/advisors with vesting schedules, while 12% goes to investors, ensuring aligned long-term incentives. - $33M funding led by PayPal Ventures and Coinbase integration of x402 standard enable AI agent transactions and e-commerce partnerships. - Strategic focus on decentralized infrastructure faces regulatory/market risks but leverages phased t

Bitget-RWA2025/10/31 04:02
Kite’s tokenomics prioritize the community, dedicating 48% to ecosystem development