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Rainbow is changing the wallet game. π
Today they announced "points", a clever way to get people to download their wallet.
Basically their airdropped "points" to every user of Ethereum. β "...the first step towards including our community in the future success of Rainbow"
This seems to be the new way of hinting at governance tokens?
Points are going to take over in the next month/years, there are already lots of protocols that implemented them. It keeps users engaged and incentivizes more activity, for better or worse.
It's yet another iteration of on-chain marketing. Treat carefully and choose where to spend your time!
Airdrop details π
Today they announced "points", a clever way to get people to download their wallet.
Basically their airdropped "points" to every user of Ethereum. β "...the first step towards including our community in the future success of Rainbow"
This seems to be the new way of hinting at governance tokens?
Points are going to take over in the next month/years, there are already lots of protocols that implemented them. It keeps users engaged and incentivizes more activity, for better or worse.
It's yet another iteration of on-chain marketing. Treat carefully and choose where to spend your time!
Airdrop details π
Rainbow airdropped points to:
π Rainbow users (swapped on Rainbow or owns an NFT)
π¦ MetaMask users who did a swap (finally MetaMask swaps are counted for something)
βοΈ ETH users, based on their balance
"Claiming" points is not done on chain, and it also does not happen automatically. You need to download the wallet (desktop or mobile) and with a gasless signature, the record goes into their database.
Signature is needed to "claim" them.
It's free to claim, and almost everyone got them (this meant peanuts in past examples, remember GasDAO and derivatives?) but it doesn't take more than 5 minutes and you should absolutely do it.
They launched a referral link programme to get people to earn more points, but I won't share that here. The next step to claiming is doing it from their wallet: @rainbowdotme.
Here's their official announcement:
Following closely. I'll update when there's new activity or news.
Offtopic: the wallet looks good, I won't leave MetaMask for security, but I've always liked Rainbow's UI. I don't think it beats Rabby though.
π Rainbow users (swapped on Rainbow or owns an NFT)
π¦ MetaMask users who did a swap (finally MetaMask swaps are counted for something)
βοΈ ETH users, based on their balance
"Claiming" points is not done on chain, and it also does not happen automatically. You need to download the wallet (desktop or mobile) and with a gasless signature, the record goes into their database.
Signature is needed to "claim" them.
It's free to claim, and almost everyone got them (this meant peanuts in past examples, remember GasDAO and derivatives?) but it doesn't take more than 5 minutes and you should absolutely do it.
They launched a referral link programme to get people to earn more points, but I won't share that here. The next step to claiming is doing it from their wallet: @rainbowdotme.
Here's their official announcement:
Following closely. I'll update when there's new activity or news.
Offtopic: the wallet looks good, I won't leave MetaMask for security, but I've always liked Rainbow's UI. I don't think it beats Rabby though.
https://twitter.com/rainbowdotme/status/1734700911719555580
Would MetaMask be forced into a token? π¦
If they follow Uniswap's playbook, when attacked by Sushi they were forced to create a token. Not strictly because of the airdrop, but because yield farming on Sushi was so profitable that they needed to introduce an incentive of their own.
OpenSea has so far resisted launching a token, not giving into $BLUR.
IMO, all will have a token. It's just a matter of time
If they follow Uniswap's playbook, when attacked by Sushi they were forced to create a token. Not strictly because of the airdrop, but because yield farming on Sushi was so profitable that they needed to introduce an incentive of their own.
OpenSea has so far resisted launching a token, not giving into $BLUR.
IMO, all will have a token. It's just a matter of time
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