MetalSwap has rolled out public testnets for the Recall Pool and NFT staking features on the Optimism blockchain, receiving positive community feedback and valuable suggestions for enhancements.
As an appreciation gesture, MetalSwap is conducting an XMT token airdrop for participants who contributed to these features, acknowledging their efforts.
Overview of XMT Airdrop
Through the ongoing Points Campaign, users engaged in the Recall Pool and NFT staking testnets, accumulating XMTXP points that will be converted into XMT tokens as rewards.
Eligibility Criteria and Token Distribution
The level of user participation in the testnets determines the amount of XMT tokens received. Each XMTXP earned is exchanged for MetalSwap Points at a rate of 1 XMTXP to 0.2 MetalSwap Points.
In total, 147,058 XMT tokens, valued at approximately $2000, have been distributed based on accumulated MetalSwap Points. Eligible addresses on the Optimism blockchain have already been allocated their XMT token shares.
Utilizing the Airdrop Effectively
Recipients have the freedom to utilize the XMT tokens as they see fit. To optimize earnings, users are advised to explore the NFT staking feature on Optimism, offering substantial rewards for liquidity providers holding XMT and USDC tokens.
Apart from additional earnings, engaging in NFT staking supports the growth of MetalSwap and the XMT token ecosystem.
