Are you excited about a potential Metamask token?

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max_stakeMember
Posts: 11 · Reputation: 126
#1Sep 13, 2019, 10:08 AM
Metamask was my first crypto wallet, and it’s still my go-to choice. I mainly use it for Ethereum and BNB chains, so it just feels right. Don’t get me wrong, Trust Wallet and Phantom are great too, but I don’t really use them as much. It’s all about trust and comfort with what I know. Recently, I’ve been hearing whispers about a possible Metamask token launch, kind of like what Trust Wallet did with TWT. Just checking out the TWTUSD chart makes me think how well a Metamask token could do. With hundreds of millions of users, it would definitely have a leg up. I’m also curious about what the ticker for a Metamask governance token could be. They might steer clear of MASK since that one's already taken. Maybe something like MSK or MMT would suit the Metamask token better. What do you guys think about this? Have you used Metamask or are you using it now? Are you happy with its features? If they do launch a token, are you thinking about investing? Do you think creating a token is a smart move for Metamask’s growth?
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pixel2014Hero Member
Posts: 857 · Reputation: 4132
#2Sep 15, 2019, 04:46 PM
Metamask is one of the best altcoins wallets, but not fully provable that it is an open source wallets according to wallet scrutiny. That makes me stay away from the wallet when I have alternative like Unstoppable. I also do not like web wallet. About the wallet token, I can not hold it. I prefer to hold bitcoin. Maybe I can use it for day trading, but I am not sure.
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chris.deg3nFull Member
Posts: 95 · Reputation: 477
#3Sep 15, 2019, 09:56 PM
No doubt with that since so far I didn't get any issue for using this wallet and its undeniable that they are more reliable compare on other wallets out there. But I think my usage will only stop there since somehow its hard to prove that their token would be a game changer in the scene. But there's huge chance that many people would support them especially that they are well established platform. I maybe buy this token but I will not hold it since I will provably chase quick profit with this token. I also prefer to HODL BTC since this is more reliable coin to have.
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byte2013Senior Member
Posts: 191 · Reputation: 1212
#4Sep 16, 2019, 03:04 AM
Oh, if Metamask were to have its own token, there would surely be massive hype around it, because we know that the community is always eager to jump on whatever the hot trend is. And I am pretty sure that’s exactly what would happen with Metamask. Has it launched already? Maybe I’ve already missed the news. But anyway, I think I’ll just stick to my other long-term holdings for now, since I’ve grown a bit tired of chasing those kinds of things. I’ll just stay with Bitcoin for now, though I do use Metamask, so I’ll probably just keep it for that purpose. Maybe if the Metamask token launches at a cheap price, I might buy a small amount.
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alex_shardSenior Member
Posts: 200 · Reputation: 979
#5Sep 18, 2019, 09:46 AM
If we talk about token backed by something worthwhile, then the Metamask token is one because Metamask have earned their reputation in the cryptocurrency space. I believe that their wallet token will do very well in the market, but my recommendation is always to avoid being greedy and invest what you can handle in case something goes wrong since we all know that nothing is guaranteed. I will monitor the token closely and when I have extra money I can throw some money into it.
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coldaltFull Member
Posts: 161 · Reputation: 778
#6Sep 18, 2019, 02:07 PM
Yeah, you're right about that feeling of trust and satisfaction. Different strokes for different folks. I prefer Trust Wallet to Metamask. My preference stems from the fact that Metamask isn't beginners' friendly like TW is. As for wallet security, I don't rate Metamask above TW. For me, there isn't any difference in that regard. As for whether I would buy a Metamask token if listed, I don't think so. But I can trade it if there's evidence it can attract volume of trades. If Metamask had created its token when it was in vogue after the collapse of MEW – MyEtherWallet, it would've gained more patronage than what it's having now where its popularity has been challenged by other crypto wallets.
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sigma07Senior Member
Posts: 434 · Reputation: 1309
#7Sep 18, 2019, 06:53 PM
I don't usually invest anymore to tokens but if this is going to be launched and it's an official one which was said, I'll have my pocket ready for it. But I'm not going to put a lot on it because most of my portfolio is in the form of BTC and that's why I can't take any money from my BTC holdings just for me to invest into Metamask token. But I think that many are going to put a lot of money on this one because that it's a known wallet and have been there for so long. So, the trust is there because of their existence for so long.
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