Written by Marlon

On March 25, 2020

Preparing for the Proton (XPR) airdrop

Dear Metal community,

In preparation for launching Proton on mainnet, we will be performing an airdrop of Proton tokens to all Metal (MTL) token holders next week.

For this airdrop we will be using our ERC-20 wrapped version of Proton tokens. When we launch Proton mainnet you will be able to swap tokens between these two networks.

A snapshot will be made at Ethereum block #9773868, which should occur on Monday, March 30th, around 1:00 PM GMT.

This snapshot records all of the balances in the MTL ecosystem and every account with a balance will be credited Proton tokens at a 1:1 ratio. So if you had 1 Metal token on the snapshot date, you will receive 1 Proton token.

Where do I need to store my Metal tokens?

Any valid Ethereum address capable of storing MTL tokens can be used. While we understand you may have stored your tokens on a centralized service (such as an exchange, wallet service, lending platform, etc.), there are some limitations that you should be aware of. Even though these services usually honor airdrops, we cannot guarantee they will; if you wish to have access to your Proton tokens immediately, the safest option is to move your Metal tokens to an account that you have full control of before this snapshot occurs.

All Metal products, Metal Vault and Metal Pay, will support the Proton (XPR) snapshot/airdrop.

When will the airdrop happen?

While there is no date set in stone yet for the actual airdrop, it will follow shortly after the snapshot has been completed. We will keep our community updated with new posts on our social media accounts and on our blog.

I’m a Lynx token holder, what about my airdrop?

Great question! Read all about it how the airdrop functions for Lynx token in this article for LNX holders.

We know that our community might have a lot of questions, which is why we’re attempting to communicate with you about this as much as possible. If you have any questions or concerns between updates we invite you to reach out to us on our social media accounts: Twitter | Instagram | Facebook.

🤘 Your friends at Metal 🤘

Other Metal Pay posts:

Metal Pay partners with EvoShare for crypto cash-back!

Metal Pay partners with EvoShare for crypto cash-back!

Metal Pay users can now enjoy cash-back in crypto when you shop online at thousands of retail outlets thanks to our strategic partnership with EvoShare! EvoShare is a crypto cash-back platform that rewards you for what you already do. By creating an EvoShare account,...

Celebrating Women’s History Month at Metal / Proton

Celebrating Women’s History Month at Metal / Proton

We’re celebrating International Women’s Day, and Women’s History Month, with an exclusive conversation with Jelena McWilliams, former chairman of the FDIC, an NFT giveaway, and more! It all kicks off with a sit-down with Jelena McWilliams to discuss what it has been...

Metal Pay is coming to Alabama!

Metal Pay is coming to Alabama!

Our team has been hard at work knocking down barriers for people across the United States, and we’re excited to bring a new state into the Metal Pay family: Alabama! Each state in the union has specific financial regulations that dictate who can offer services to...