Manta Pacific is an Ethereum layer 2 and it’s the first one on Celestia, which is the first modular blockchain in cryptocurrency.
This project has been all over Twitter lately as they’ve allocated a portion of their tokens for people who bridge ETH to their network.
Here’s how you can potentially get a Manta airdrop.
Disclaimer: The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Do your own research and never invest more than you can afford to lose.
How to potentially qualify for $MANTA
Manta Pacific came up with an airdrop event called New Paradigm where participants can bridge ETH or USDC to Manta network.
If you had done transactions on Manta before this, you likely qualify for special boxes, but you need to bridge at least 0.25 ETH to qualify. The more ETH you bridge, the more boxes you’ll later get each week.
After bridging over, you’ll likely be given $STONE or another LST token which is supposed to be a representative of the ETH you bridged over. However, the value may have been depegged and you’ll likely get less than what you’ve bridged over. For e.g. I bridged over 0.25 ETH and I got back about 0.23 ETH worth. Perhaps the peg will be restored in the future.
This campaign is until January 2024, which may be the whole month of January (unconfirmed).
Once you’ve bridged over, you will get a certain number of box pieces every week and it depends on how much ETH your team has bridged over so far. By team, it means you refer others to join via your link. What they bridge over is added to your team’s amount but not theirs individually.
NFTs
Each box should give you one NFT and there are six NFTs to collect. If you combine all six different ones, you’ll get another NFT which is supposed to give more tokens.
However, it’s hard to collect all six unless you’re lucky and it’s quite expensive on the secondary market. At the time of writing, it costs almost $2000.
We don’t know if you’ll still get rewarded even without getting the combined NFT. Perhaps there’s a different reward pool for all participants in general.
Once again, this is speculation and there’s no telling how much the tokens will be worth and whether it’s worth doing it.
If you wish to join the event, here are some codes:
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