What is Mantle Network?
Mantle Network is an blockchain project focused on building an EVM-compatible scaling solution for Ethereum. This means that the Mantle Network allows smart contracts and tools operating on Ethereum to work seamlessly within its ecosystem, requiring minimal modifications. Leveraging a modular architecture, Mantle Network integrates an optimistic rollup with advanced data availability solutions. The result is a more cost-effective and efficient method for data handling, while inheriting the security benefits of Ethereum.
Mantle Network is gaining significant attention in the blockchain community due to its novel approach to scaling Ethereum. It aims to provide faster and cheaper transactions while maintaining a high level of security, making it a valuable player in the growing decentralized finance (DeFi) space.
The Methamorphosis Campaign and COOK Token
Mantle Network has recently launched its first season of the Methamorphosis campaign, an initiative designed to reward its community with its future governance token, COOK. A total of 250,000,000 COOK tokens have been allocated for this campaign, which is set to run for 100 days. Participants can earn Powder, which can later be converted into COOK tokens.
The COOK token is more than just a reward for participating in the campaign. It will play a critical role in the governance of the Mantle Network’s LSP (Liquidity Staking Protocol), meaning that token holders will have a say in important decisions affecting the network’s future.
How to Participate in the Mantle Airdrop
Getting involved in the Mantle airdrop is straightforward. Here’s a step-by-step guide on how to earn Powder and convert it into COOK tokens:
Visit the Mantle Airdrop Page: Head over to the official Mantle Network airdrop page to get started.
Connect Your Wallet: Ensure that your crypto wallet is connected to the platform.
Bind Referral Code: Use the referral code “airdropsio” to maximize your rewards.
Stake Mantle Ether (mETH): To start earning Powder, you’ll need to have mETH in your wallet. If you don’t already have mETH, you can stake ETH to receive it.
Daily Powder Earnings: Once you have mETH, you’ll begin to accumulate Powder daily by opening positions on partner protocols.
Complete Quests: Additional tasks are available on the Mantle quest page, where you can earn even more Powder by completing quests. Some tasks are simple social activities, while others require you to deploy capital.
Check the Supported Protocols: Mantle regularly updates a list of supported protocols on their official Twitter account, where you can also find the Powder rate for each protocol.
Maximize Your Powder Earnings
To further boost your Powder accumulation, Mantle offers additional quests and incentives. By completing tasks on the Mantle dashboard, users can increase their Powder, which can later be converted into COOK tokens. The platform has recently added five new quests, ranging from social tasks to deploying capital on partner protocols.
The Mantle Network is also offering a referral system. You can invite your friends to participate, and for each successful referral, you’ll receive additional Powder. Simply go to the “See Rules” section on the campaign page to find your referral link.
Mantle’s Governance Token: COOK
At the end of the Methamorphosis campaign, the earned Powder can be converted into the COOK token. The TGE (Token Generation Event) for COOK is expected to take place in mid-October, marking the official launch of the token. This is when claims for COOK will begin, and users can trade the token on exchanges once it becomes available.
Holders of the mETH token will have another opportunity for increased rewards with the upcoming release of the Liquid Restaking Token (cmETH). This new token allows users to take on additional risks and rewards. Both mETH and cmETH positions will be tracked during the rollout, giving users more flexibility and earning potential.
The Puff Project and Additional COOK Allocations
Mantle has also allocated 250,000,000 COOK tokens to the Puff project, which will provide further opportunities for users to earn rewards. Additionally, 50,000,000 COOK tokens have been set aside for holders of Puff NFTs. These allocations give Mantle users multiple avenues to engage with the network and earn rewards through various channels.
For those who participated in Mantle’s 1-year NFT mint, there’s another reward waiting. They can claim the Mantle Sigil badge, further cementing their status as active members of the Mantle community.
Looking Ahead: What’s Next for Mantle?
As Mantle continues to expand its offerings, the COOK token will play a central role in the governance of the Mantle LSP, influencing the future direction of the network. Additionally, with the potential launch of World Chain, a Layer 2 Ethereum scaling solution developed by Worldcoin, Mantle is set to become a key player in the broader Ethereum ecosystem.
If you’re interested in getting involved in other potential airdrops, Mantle also offers a list of projects that do not yet have a token but could potentially offer retroactive airdrops to early users in the future. These DeFi opportunities are not to be missed, especially if you want to maximize your rewards in the crypto space.
In conclusion, Mantle’s Methamorphosis campaign is a unique opportunity to earn COOK tokens, which will play an important role in the network's governance. By participating in quests, staking mETH, and inviting friends, you can increase your Powder earnings and prepare for the upcoming TGE in mid-October. Don’t miss out on this exciting opportunity to engage with one of the most innovative Ethereum scaling solutions in the market today!
