Binance Web3 Wallet is excited to launch a campaign with Mantle, where eligible users will earn multiple rewards:
Exclusive: A total of 2.5M COOK tokens in rewards
Earn approximately 3% in dynamic APR* rewards with ETH Staking
5% COOK airdrop from Season 1: Methamorphosis
*The dynamic APR shown here may change from time to time.
Campaign Period: 2024-08-08 00:00:00 to 2024-08-22 23:59:59 (UTC)
How to Participate:
Click [Join Now] on the campaign page to confirm your participation
Login with Binance Web3 Wallet on Mantle’s DApp
Stake your ETH into Mantle with a minimum of 0.02 ETH
* Learn How to Stake on Mantle via Binance Web3 Wallet.
Promotion A: Stake & Bridge ETH to Mantle Chain to Earn Up to 72,000 COOK Rewards
All eligible users who stake ETH to Mantle Chain will be ranked by their total mETH* Staking amount during the Promotion Period. The top 300 users will qualify to share the following rewards, listed in the table below.
*Once successfully staked and bridged, you'll receive mETH on Mantle Chain in your wallet.
Reward Structure:
Promotion B: Stake ETH to Earn 233 COOK Rewards
During the promotion period, 5,600 eligible participants who stake more than 0.02 ETH either on the Ethereum chain or Mantle chain and opt-in to the campaign will each receive 233 COOK rewards. The total reward pool is 1,310,000 COOK.
Binance will use the BNB Smart Chain Hash Value at 2024-08-22 23:59(UTC) to select the winners as per the Award Selection Rules.
Stake and Earn the Multiple Rewards Now!
Notes:
Only users who opt-in to the campaign and complete the requirements above are eligible to receive rewards.
Users need to hold mETH in their wallets until the campaign ends on 2024-08-22 23:59(UTC) to be eligible for the promotions.
COOK token rewards will be airdropped all at once on the Mantle chain to your Binance Web3 Wallet after the Token Generation Event (TGE). Please follow Mantle’s official discord for more information. Token rewards can be previewed within two weeks after the Activity ends. You can view your reward history in the Binance Web3 Wallet by navigating to Discover > Airdrop Zone > Rewards > Details.
Participants in Promotion A will automatically participate in Promotion B.
Please be aware ONLY backed-up Binance MPC wallets can participate in this campaign. External wallets imported to Binance Web3 Wallet are not eligible for the campaign.
Rewards will not be distributed to users who delete or deactivate their Binance Web3 Wallets.
The total prize pool for this activity is inclusive of gas fee that may incur during the distribution of rewards.
Users can unstake mETH to reclaim the initially staked ETH and accumulated rewards via Mantle. Please note that the redemption time is subject to Mantle’s estimated "Exit Queue" wait time and the Unstake Lifecycle.
What is Mantle?
Mantle Network is dedicated to building an EVM-compatible scaling solution for Ethereum. To date, it has over 200 protocols deployed on mainnet, spanning a variety of DeFi, GameFi and NFT dApps.
What is Mantle LSP and mETH?
Mantle Liquid Staking Protocol (LSP) is a permissionless, non-custodial ETH liquid staking protocol deployed on Ethereum L1 and governed by Mantle. Mantle Staked Ether (mETH) serves as the value-accumulating receipt token.
As mETH is a non-rebasing ERC-20 receipt token designed to automatically accrue ETH Proof-of-Stake yields within the mETH token itself, this unique mechanism ensures that the value of mETH will consistently exceed that of ETH, as it inherently includes the accumulated staking rewards. You can check the exchange rate here. Users can directly sell or unstake mETH to receive the expected yield.
[Read More]
Terms & Conditions:
These terms and conditions (“Activity Terms”) govern your participation in this Mantle activity (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions.
In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy. Only users from qualified regions who click the [Join Now] button on this page, complete KYC and hold an active Binance Web3 Wallet shall be eligible for any rewards. Rewards will not be distributed to users who delete or deactivate their Binance Web3 Wallets.
Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations, self dealing, or market manipulation). Users must not knowingly transfer rewards to a "U.S. Person," defined as: (i) any individual residing in the United States; or (ii) any partnership, corporation, trust, or other entity organized or based in the United States. "United States" includes its territories, possessions, and states.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Binance Web3 Wallet is an optional product. It is your responsibility to determine if this product is suitable for you. Binance is not responsible for your access or use of third-party applications (including functionality embedded within the Binance Web3 Wallet) and shall have no liability whatsoever in connection with your use of such third-party applications, including, without limitation, any transactions you dispute. Please carefully review the Binance Web3 Wallet Terms of Use and always do your own research.
