{"id":212044,"date":"2023-12-13T22:12:56","date_gmt":"2023-12-13T16:42:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=212044"},"modified":"2023-12-13T22:12:56","modified_gmt":"2023-12-13T16:42:56","slug":"rainbow-wallets-fox-hunt-is-driving-thousands-of-metamask-users-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/rainbow-wallets-fox-hunt-is-driving-thousands-of-metamask-users-crypto-news\/","title":{"rendered":"Rainbow Wallet&#8217;s &#8220;Fox Hunt&#8221; is Driving Thousands of MetaMask Users &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>Over 2,200, have used Rainbow today after swapping on Metamask from just over 100 yesterday.<\/p>\n<div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/rainbow.me\/\">Rainbow<\/a>, a non-custodial wallet, today announced a points system rewarding past users and incentivizing MetaMask users to switch in what it calla a \u201cfox hunt.\u201d<\/p>\n<p>The scheme is working as the number of people who had previously used MetaMask&#8217;s swap feature and started using Rainbow spiked to over 2,200 today, from just over 100 yesterday and fewer than 10 every day in the prior two weeks, according to a Dune Analytics dashboard created by Subin An, the data lead of venture fund Hashed.<\/p>\n<figure><figcaption class=\"text-center text-xs\">[Rainbow] Rainbow Swap (after Metamask Swap)<\/figcaption><\/figure>\n<p>The jump &#8220;can be interpreted as a result of the Vampire Attack within Rainbow Wallet&#8217;s point system, targeting MetaMask Swap users,&#8221; An said.<\/p>\n<h2>Rainbow Points<\/h2>\n<p>Rainbow today <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rainbowdotme\/status\/1734700911719555580\">announced<\/a> it is distributing \u201cRainbow Points\u201d based on past activity. <\/p>\n<p>Every Ethereum user gets points. It also considered historical balances on Rainbow, swap activity on both Rainbow and MetaMask, bridging activity on Rainbow, and holding Rainbow NFTs. The snapshot to calculate points for past activity was taken on Dec. 11.<\/p>\n<p>Those who import their MetaMask wallet onto Rainbow gain up to 150,000 extra points, as long as they used MetaMask&#8217;s swap feature in the last year.<\/p>\n<p>\u201cThis isn&#8217;t a vampire attack. It&#8217;s a fox hunt,\u201d Rainbow said. <\/p>\n<p>Users can claim points by opening or downloading the Rainbow wallet.<\/p>\n<p>MetaMask, which is branded with a distinctive fox, is a non-custodial wallet owned by Consensys with more than 10 million monthly active users.<\/p>\n<div class=\"relative flex items-center gap-2 rounded-md bg-[#191919] p-2 my-4 lg:hidden\">\n<div class=\"relative group  flex w-max items-center gap-2  p-2 text-sm text-white mx-auto\"><strong class=\"whitespace-nowrap w-min sm:w-auto bg-gradient-to-r from-[#9FF9D2] to-[#DB9FF9] bg-clip-text text-transparent\">DeFi Alpha<\/strong><span class=\"whitespace-nowrap  w-min sm:w-auto border-l border-white pl-1 lg:hidden\">Premium Content<\/span><\/p>\n<div class=\"tooltip font-heading shadow-cta absolute hidden lg:visible left-6 z-10 -top-[80px] w-max max-w-xs translate-y-full flex-col rounded-lg bg-[#EEEEF4] p-3 text-left text-xs text-black group-hover:flex lg:left-auto lg:right-4\">Looking for Alpha? Become a premium member of The Defiant and join our DeFi Alpha community.<\/p>\n<ul class=\"list-inside list-disc\">\n<li>DeFi Daily | Weekdays<\/li>\n<li>DeFi Alpha Letter | Weekly<\/li>\n<li>Defiant Podcast Transcript | Weekly<\/li>\n<li>Inbox Dump | Saturday<\/li>\n<li>Weekly Recap | Sunday<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/thedefiant.io\/go-premium#pricing\" class=\"disabled:bg-cta-disabled-background disabled:text-cta-disabled-text rounded font-semibold border-cta-primary-border bg-cta-primary-background text-cta-primary-text hover:border-cta-primary-border-hover hover:bg-cta-primary-background-hover ml-auto block p-2 text-center text-sm !text-black !no-underline shadow-newButton\">Start for free<\/a><\/div>\n<p>Rainbow did $5.4 million of trading volume in November, which amounted to about $47,000 of revenue, with about 2,100 wallets using its swap function, according to Dune Analytics data.<\/p>\n<p>Going forward, users will continue earning points for almost everything they do onchain in Rainbow, but those who swap and bridge in the wallet, and refer others to Rainbow get the most points. Points will be dropped to users every Tuesday at 4:20pm ET<\/p>\n<p>Rainbow said in its website \u201cpoints are the first step towards including our community in the future success of Rainbow.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Over 2,200, have used Rainbow today after swapping on Metamask from just over 100 yesterday. Rainbow, a non-custodial wallet, today announced a points system rewarding past users and incentivizing MetaMask users to switch in what it calla a \u201cfox hunt.\u201d The scheme is working as the number of people who had previously used MetaMask&#8217;s swap [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":212045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-212044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=212044"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212044\/revisions"}],"predecessor-version":[{"id":212050,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212044\/revisions\/212050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/212045"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=212044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=212044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=212044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}