Metis ($METIS) token airdrop guide: Season 2

Metis is an Ethereum Layer 2 Rollup platform that aims to address the issues of transaction speed, cost, and scalability in the Ethereum network by providing simple and fast smart contract deployment. Metis has announced a points system airdrop for their community testing community. Season 2 of the Community Testing for the airdrop started on 7th February 2024.  Here’s our Metis ($METIS) token airdrop guide.

Check out our Metis ($METIS) season 2 token airdrop guide!

Metis Airdrop Season 2 Testnet Guide

Video: Metis Airdrop Season 1 Testnet Guide

What is Metis?

Metis is an Ethereum Layer 2 Rollup platform that aims to address the issues of transaction speed, cost, and scalability in the Ethereum network by providing simple and fast smart contract deployment. The platform offers several solutions to solve the big challenges faced by the Ethereum Mainnet, including multiple VMs and sequencers, DACs that can manage their organizations independently, separation of computing and storage, private native storage layer, and fast transactions at around 2,000 TPS with low gas fees.

Will there be a Metis airdrop?

Although Metis’ Season 1 airdrop is ongoing, it will end soon. Their Season 1 airdrop focuses on Community Testing, where anyone can contribute without any coding knowledge required! Metis Season 1 gets users to explore the decentralised applications (DApps) on the Sepolia testnet and earn points by completing tasks. Moreover, they have confirmed that they will be doing a Season 2 airdrop. However, no details have been announced for Season 2 yet.

How to get season 2 of the Metis token airdrop?

Time needed: 1 hour and 30 minutes

Here’s our guide on how to get Season 2 of the Metis token airdrop:

  1. Connect to Metis

    Connect your wallet to https://decentralize.metis.io/#szn2. Make sure you are on the Metis Sepolia network, not the mainnet. If you can’t find the network on your wallet, add the Metis Sepolia network details here.

  2. Claim testnet $METIS and $ENKI tokens

    Click on “Faucet” on the top of the page. Select the type of token you want, enter your wallet address and click “Drip”. Claim both $METIS and $ENKI. However, note you can only claim once.

  3. Spin the wheel

    On the main page, select the number of spins you wish to buy for 0.5 $METIS each. Then click “Spin” to spin the wheel for rewards!

  4. Connect to Enki protocol

    Go to https://testnet.enkixyz.com/home. You will earn 4,500 points by completing the tasks in steps 5 to 7 below.

  5. Submit $METIS to mint $eMETIS

    On Enki, click “Mint&Stake” at the top of the screen. Then, go to the “Mint” tab. Select the amount of $METIS you wish to submit. Then click “Approve” and “Mint&Stake”. Note you need to wait 7 days before your $eMETIS staking rewards will begin.

  6. Stake $eMETIS to get $seMETIS

    Go to the “Stake” tab. Select the amount of $eMETIS you wish to stake. Then click “Stake”. You will earn $seMETIS by doing this.

  7. Stake $ENKI tokens to vest $eMETIS rewards

    On Enki, click “Mint&Stake” at the top of the screen. Then click the “Stake” tab and scroll down until you see the “Vest” section. Select the amount of $ENKI you wish to stake and click “Stake”. We suggest staking half your $ENKI tokens.

Season 2 of the Metis airdrop has ended on 18th February 2024. Depending on how many points you get, you may have a chance to get a share of the 6 million $METIS token airdrop. However, Metis has said you can increase your chances of getting more $METIS tokens by taking part in mainnet activities on Layer 3.

BONUS: Get more $METIS with Layer 3

Metis has said you can increase your chances of getting an airdrop by taking part in mainnet activities in Layer 3. Here’s how to increase your Metis airdrop with Layer 3:

  1. Connect to https://layer3.xyz/ and create an account.
  2. Complete the quests on https://layer3.xyz/quests

How to get season 1 of the Metis token airdrop?

Here’s our guide on how to get Season 1 of the Metis token airdrop:

  • Connect to Metis: Connect your wallet to the Metis Sepolia testnet. Make sure you are on the Metis Sepolia network, not the mainnet. If you can’t find the network on your wallet, add the Metis Sepolia network details here.
  • Claim testnet tokens: Click on “Claim Tokens” on the main page to visit the Metis testnet faucet and claim some tMetis testnet tokens. The process may take some time, so be patient.
  • Swap and add liquidity on Netswap: Go to the Netswap dApp by clicking “Netswap” on the main page. Make sure your wallet is connected to the Metis Sepolia testnet network. Click “Trade” on the top bar and “Swap”. Then, swap a small amount of tMetis tokens for NETT tokens. We recommend swapping around 0.00005 tMetis. To add liquidity on Netswap, click “Trade” on the top bar and “Pool”. On the page, click “Create Pool”. Deposit as little tMetis and NETT tokens as possible.
  • Enter the lottery on Midas: Visit the Midas DApp on the testnet. Ensure that your wallet is connected to the Metis Sepolia network. Buy a lottery ticket to earn points. Tickets cost 0.1 tMetis.
  • Swap tokens, open a leveraged position and add TLP liquidity on Tethys: Connect to the Tethys dApp. Make sure your wallet is connected to the Metis Sepolia network. Complete three tasks: swap tokens, open a long or short position with leverage, and add TLP liquidity. To swap tokens, go to “Trade” and click “Swap” on the right hand side. Swap some tMetis for USDC. To open a long and short position with leverage, go to “Trade” and choose a long or short position. This may be a good way to get more tMetis tokens! To add TLP liquidity, click the “Liquidity” tab at the top and buy some TLP with tMetis. Then, click on “Staking” on the left hand side. Note that this function shows a blank page right now so check back later.
  • Swap tokens and provide LP on Hummus: Access the Hummus Exchange dApp on the testnet. Connect your wallet to the Metis Sepolia network. Swap tokens from Metis to m.USDC. Then, to provide LP, click on “Pool” at the top of the screen. Deposit tokens into the pools.
Metis ecosystem dapps

Metis token airdrop review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of airdrop: The Metis Season 2 airdrop is now live!

Airdropped token allocation: The Metis team has currently allocated 11.5% of the total $METIS token supply towards airdrops and has not yet airdropped 5.5%.

Airdrop difficulty: Metis uses the Sepolia testnet for all tasks, so no real funds are involved. However, the dApps are quite buggy and you may need to check back occasionally in order to complete tasks.

Token utility: The $METIS token facilitates transactions, incentivizes network participants, and powers governance mechanisms within the Metis ecosystem. 

Token lockup: The $METIS token lockup is unknown.

REVIEW OVERVIEW
Likelihood of Airdrop
Airdropped Token Allocation
Airdrop Difficulty
Token Utility
Token Lockup
Previous articleSui ($SUI) token staking ecosystem airdrop guide
Next articleBitcoin Price Drops because of Chinese New Year? 2024 CNY dump cancelled?
Angela loves cryptocurrency, technology that improves our lives...and food. Anything that merges these worlds together is even better.
metis-token-airdrop-guideMetis Season 1 airdrop is currently LIVE with a Season 2 coming soon! Tasks are on testnet so no real funds are required. However, many of the dApps are buggy and do not work, so users may need to check back often in order to complete all the tasks.