Manta Network is a leading Ethereum blockchain platform that enables developers to create and publish dApps and to launch zero-knowledge (ZK) enabled apps.
Manta Network also known for its cheap fees, its increased scalability, and also its developer-friendly features, has announced that it will be offering an amount of 56 million Manta tokens as part of a huge airdrop.
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This article provides an in-depth review of the opportunities that can come from the Manta Network airdrop.
Read More: What are Crypto Airdrops?
Manta Network Airdrop Step-by-Step Guide
To get a potential Manta Network $MANTA token airdrop, follow these steps:
- Get an invite to join Manta Network’s New Paradigm HERE.
- Deposit ETH or USDC to Manta Network.
- Open boxes.
- Supply STONE into LayerBank
- BONUS: Re-enter the Manta Network by borrowing Ethereum from LayerBank.
What is Manta Network?
With minimal fees, excellent scalability, and developer-friendly features, Manta Network enables developers to create and implement decentralized apps (dApps) and zero-knowledge (ZK) on Ethereum. With Celestia DA and Polygon zkEVM, Manta Pacific is the first scalable and secure ZK-application platform that is equivalent to an EVM. By utilizing Celestia’s data availability for modularity to deliver cheap gas fees and Manta’s Universal Circuits to enable ZK-as-a-Service, it provides the ideal environment for ZK-enabled applications.
Manta Network was started by a group of accomplished founders from institutions of high standing like Harvard, MIT, and Algorand. Many of the leading web3 investment funds, like Binance Labs and Polychain Capital, have invested in it. More than $60 million in funds have been raised for the project by Polychain, Binance Labs, CoinFund, and other stakeholders.
Does Manta Network Have a Token?
Manta Network will start the $MANTA, which is a utility token that will be used for mining, governance, and a system for rewards. It is expected that $MANTA will list in the first part of 2024. Here are some characteristics of the MANTA token:
Governance:
Voting on network governance decisions for Manta Pacific and Manta Atlantic is open for holders of the $MANTA token.
Staking:
Staking $MANTA encourages collators to produce blocks and enhances Manta Atlantic’s overall security.
Network Fees:
Transaction fees are paid by Manta Atlantic using $MANTA, and the funds are distributed to collators, treasury, and ecosystem projects.
Native Liquidity & Collateral:
Within the Manta ecosystem, the $MANTA token can be used as native liquidity and collateral for a range of services and applications.
Native Currency:
The native currency of the Manta Network, $MANTA, enables peer-to-peer transfers and contracts/pallet purchases/transactions.
How to Claim and Get a Potential Manta Network $MANTA Token Airdrop?
Here’s how to get a potential Manta Network $Manta token airdrop:
Add Manta Network to MetaMask
Open your MetaMask wallet and go to Craigslist HYPERLINK “https://chainlist.org/?search=manta” to find the Manta Pacific Mainnet Network. To add the network, click “Connect Wallet” and follow the instructions on your MetaMask wallet.
Join the New Paradigm at Manta Network
Now you must enter the invite code G2YCS at https://newparadigm.manta.network/ to join.
Note: You need to have an invitation code to take part in the Manta Network token airdrop. Link your wallet and Twitter accounts.
Deposit ETH or USDC to Manta Network
Now, if you want to deposit ETH or USDC, click the “Deposit” button on the left side of the page enter any amount you want, and confirm the purchase on MetaMask.
Earn STONE, wUSDM, box pieces, and O-points
After buying ETH or USDC, you will get STONE and USDM in a 24 exactly hour period. Yield carrying ETH is STONE. Also, you will receive box pieces. To create a single box that can be
opened, collect 25 box pieces. You can also earn five O-Points for each purchase by bridging any amount onto the Manta Network. O-Points could have been included in a future airdrop.
Open boxes
You can open the box and by opening it you can get pieces. Once u collected twenty-five pieces you can open boxes. These pieces can be collected every week. The goal is to gather six NFTs, and one of these boxes might contain an NFT. Lead Codes, which can be combined to create Modular 2s, may also be found in boxes. You must have Modular 2s to be able to airdrops.
Withdraw ETH and USDC
NOTE: You can only withdraw your USDC and ETH deposits after 69 days.
Supply STONE into LayerBank
“https://layerbank.finance/“A non-custodial on-chain lending protocol is called LayerBank. Earn 3.6%, Base APR, Layerbank Token (LAB) APY, and at some point MANTA APY by putting your STONE into LayerBank. Make sure you are on the Manta Network by going to https://manta.layerbank.finance/bank to be able to provide STONE to LayerBank. once you do that, select the STONE market. Click “Supply” after choosing how much STONE you would like to put in the system.
BONUS: Re-enter the Manta Network by borrowing Ethereum from LayerBank
You can use your STONE on LayerBank as asset to borrow ETH. The main goal of borrowing ETH is to move it off-chain, or, rather, to use Orbiter Finance to move it from Manta to your MetaMask wallet on the Arbitrum Network. Send the ETH to your exchange wallet after that. In the end, go through steps 3 through 4 above to get the ETH to Manta Network.
Remember that this is very dangerous and not recommended for novices. This is because of the risk of liquidation if you use the maximum amount of leverage due to the negative borrow APY.
Qualification for Manta $MANTA token airdrop
The Manta airdrop rewards fall into two main categories: Airdrop Rewards and the Airdrop Bonus Rewards.
Airdrop Rewards
The Airdrop Rewards will be funded with 30 million $MANTA. Supporters and users in the Manta ecosystem on the Manta Atlantic and Manta Pacific will split this up and will be distributed among them.
The following are the various user categories and qualifying requirements for the MANTA Airdrop Rewards:
Airdrop Bonus Rewards
20,000,000 $MANTA will be given out as bonus rewards for the participants in the Manta ecosystem and supporters. This is called as the Great Treasure Hunt. The campaign of Airdrop Bonus Rewards will expire at 11:59 pm UTC on January 18th of 2024. It is currently ongoing and is in progress.
To get the Airdrops’s Bonus Rewards, You must take part in the Great Treasure Hunt campaign. One of the six treasures hidden in the Manta Pacific is found in the Mysterious Treasure Chests. A portion of the 20 million $MANTA that has been set aside for the Great Treasure Hunt campaign is awarded to each of the six NFTs that you can obtain; the Mystical Manta gives the largest portion of this pool. You can open your treasure chest as soon as you realize you have one. You will receive one of six different NFTs upon opening a treasure box, each with a unique rarity. Furthermore, you can combine all six NFTs to create the mythical Mystical Manta NFT if you are lucky enough to find them in the Treasure Chests. Once merely another manta ray in the sea, the Mystical Manta started life in the oceans of a different dimension. Since then, it has grown into an energy spirit that only the most deserving could see. By connecting your wallet here, you can see your Treasure NFTs.
For more information on the airdrop, check out Manta’s Medium page here.
How To Claim and Get Your MANTA Token Airdrop
Here’s how to get your MANTA token airdrop:
Using your Polkadot or Manta Pacific wallet, log in to https://airdrop.manta.network/, the period of this manta starts on 18 Jan 24 and finishes on 18 Jun 24 at 23:59 UTC precisely.
To get a bonus one can still compete in the big treasure game till 23:59 hours on 18 Jan 24.
Other Projects that Have Assured Airdrops for $MANTA Holders
Other projects that have confirmed airdrops to $MANTA holders include the following:
- Shoebill Finance ($SBL) will distribute 500,000 $SBL tokens to $MANTA holders.
- ZeroLend ($ZERO) has promised that 1% of it’s $ZERO token airdrop will go to $MANTA stakers. Users must also lend/borrow on ZeroLend’s lending market, for the qualification requirement.
- Yuliverse ($ART) are dedicating $ART airdrop campaign points to $MANTA holders.
- Vooi
- Capx ($CAPX) are dedicating 5 million $CAPX to $MANTA token holders.
- Dmail declared that a “secret bonus” will be airdropped to Manta users.
Manta Network Airdrop Review
There are a few things that should be taken note of when checking an airdrop. First, what chance is it that the project will actually carry out an airdrop? Next, look at the amount of tokens the project plans to give away to airdrop campaigns and the difficulties that come with taking part in them Looking at the token’s utility is also important when making sure that there is a valid reason to join the airdrop in the first place. In the end, where there is a lockup period on the airdropped tokens, this is a thing to take into account when checking the airdrop.
Likelihood of Airdrop: Live Now is the Manta Network Airdrop!
Airdropped token allocation: Manta Network announced the fact that 56 million MANTA tokens will be given away. Users in the Binance parachain auction will get 6 million $MANTA, on the other hand, 50 million MANTA will be given away in the “Into the Blue” airdrop.
Airdrop difficulty: Users in the Manta Network airdrop have to connect and add assets to the network. For those who are not total beginners, these tasks shouldn’t be too hard.
Token utility: The Manta Network token, which at first will be used for mining, governance, and rewards, will function as a utility token.
Token lockup: during the token generation event, the $MANTA token will be 100% open.
Frequently Asked Questions
My STONE tokens and Manta Network boxes are hidden and I can’t see them.
Ensure that your MetaMask is connected to the Manta Network. To cover any transaction fees, Ethereum must also be installed on the Manta Network e.g. when opening boxes.
Do you have a Manta invite code?
To join the Manta Network, enter our invite code G2YCS or sign up at https://newparadigm.manta.network/?inviteCode=G2YCS.
Which bridge to the Manta Network is the most cheap and best option?
Send ETH from your exchange account (we suggest Bybit; sign up for free HERE) to MetaMask through the Arbitrum Network for the most efficient and affordable way to bridge to the Manta Network. Use Orbiter Finance version 2 to connect your Ethereum from Arbitrum to Manta Network after that. In addition to a small withholding fee of about 20 cents, this will cost between $2 and $3 in transaction fees. While transferring ETH through the Ethereum network, it can cost around $40 to $50.
When do the box rewards and Manta Network bridging expire?
Manta Network Co-Founder Kenny Li told us in our EXCLUSIVE INTERVIEW that the Manta Network Bridging and Box rewards will expire somewhere in January 2024.
Why haven’t I received my STONE and wUSDM rewards?
After making a payment, you should get your STONE and wUSDM rewards within a day. If you don’t see your STONE and wUSDM rewards, scan your wallet address on the “https://pacific-explorer.manta.network/“, “https://pacific-explorer.manta.network/, “https://pacific-explorer.manta.network/“Manta Pacific Explorer. Also, the STONE and wUSDM token addresses might not always be placed in your MetaMask already by MetaMask. In a situation like this, viewing your STONE and wUSDM balances will need you to manually add the token addresses.
What differentiates bridging from depositing on the Manta Network?
You can only be eligible for the Manta Network airdrop by using the New Paradigm when depositing the Manta Network. To cover transaction costs, you can also use alternative protocols like Orbiter Finance to deposit ETH on Manta. You may also set yourself up for an airdrop from Orbiter Finance by doing this!
How many $MANTA tokens are allocated for the Airdrop Rewards and the Airdrop Bonus Rewards?
Thirty million $MANTA tokens are allocated towards the Airdrop Rewards, and twenty million tokens are allocated towards the Airdrop Bonus Rewards.
In what way can I verify whether the MANTA Airdrop Rewards apply to my wallet address?
By clicking this https://airdrop.manta.network/ and logging in with your Polkadot wallet or Manta Pacific wallet, you can confirm and verify that you are eligible and qualified for the airdrop.
How can the airdrop bonus rewards be obtained?
By taking part in the Great Treasure Hunt campaign, which includes finding and opening Mysterious Treasure Chests that contain various NFTs, you can obtain the Airdrop Bonus Rewards. These NFTs can also be combined to create the Mystical Manta NFT or traded with other community members.
When can I claim my MANTA Airdrop Rewards?
The MANTA airdrop claim period will start on 18th Jan 24 at 11:59 UTC precisely and will end on 18 June 24 at 11:59 pm UTC.
Final Outcome About Manta Network Airdrop
In 2024, Manta Network will become one of the most anticipated airdrops, providing an incredible amount of 50 million MANTA tokens. The airdrop’s total estimated value is an amazing $50 million, with guesswork pointing to a possible $1 value per token upon listing. Considering how easy the tasks are, you really should take advantage of this opportunity!