After the article was published yesterday, some friends asked questions, and many Binance partners also flooded into the Mantle Chinese community to ask questions. I plan to use this article to organize the questions and information so that everyone can understand how to conduct this event.

Q: What is Mantle’s COOK token airdrop activity for?

A: The COOK token this time is a brand-new token launched by Mantle to enter the liquidity staking track (COOK token has not yet been released, TGE is expected to be in October). Participating in Mantle’s Methamorphosis event can accumulate powder points, which can be exchanged for COOK in the future. Tokens.

Q: In Binance WEB3 wallet activities, how can I get the prize pool 1 mETH pledge ranking reward?

A: ETH needs to be pledged from the main network + cross-chain to Mantle. The minimum amount is >0.02ETH. The top 300 people will get rewards. (Note! You also need to pay cross-chain fees when cross-chaining)

Regarding ranking settlement, the official announcement did not mention whether it was the average holdings or the holdings at the end of the event.

Q: Binance WEB3 wallet activity, prize pool 2, how to get staking rewards?

A: Staking more than 0.02ETH on the ETH mainnet or Mantle means holding more than 0.02 mETH. 5,600 winners will be drawn, with 233 pieces each.

Q: Why is the activity ranking list of Binance WEB3 wallet not updated?

A: The update will not be updated immediately after depositing it. You can just check it the next day.

Q: How to transfer ETH from Binance to Binance WEB3 wallet to participate in the event?

A: Because Binance does not support Mantle chain ETH withdrawal, you need to transfer the ETH from the main network to the WEB3 wallet, and then pledge + cross-chain to Mantle on the event page. (Conforming to the prize pool one rule)

(Regarding prize pool 2, it is mentioned that staking 0.02 ETH on the Mantle chain is also eligible, so I guess as long as the mETH in the wallet exceeds 0.02. In this case, you can transfer money from other L2 to the wallet and then exchange it for mETH , the cost can be saved a lot. Note! This method is not sure to be qualified!

Q: What is the gas fee of the Mantle chain?

A: MNT. Therefore, if there are additional operations, you need to prepare MNT as fuel.

Q: Does the airdropped COOK have token economics?

A: Yes. You can find the announcement on Mantle’s official website. The total amount is 10 billion.

The above are questions + answers about the COOK airdrop event of Binance WEB3 wallet.

This event is mainly because Mantle wants to attract more users to participate in Methamorphosis through the Binance WEB3 wallet, so greater revenue opportunities are still to come. Let me briefly explain it below:

Q: What is mETH? What income can be earned?

A: mETH is a liquid staking token, similar to Binance’s BETH, so its price itself will be higher than ETH because its price also includes the staking rewards of mainnet ETH.

In Mantle's Methamorphosis event, users can stake mETH liquidity in the Mantle ecosystem protocol to earn Powder points and then exchange them for COOK tokens.

This is why this Binance WEB3 event requires everyone to convert ETH into mETH, so that everyone can continue to participate in the Mantle airdrop event with mETH.

Q: How to participate in Methamorphosis?

A: The staking + cross-chain webpage that Binance WEB3 wallet activities guide everyone to is the Mantle activity page. Click on campaigns on the page to see Methamorphosis, then click Go To Earn to select the protocol you want to participate in. By staking mETH, you can obtain powder points and exchange them for COOK.

Q: Is there any guide or introduction to Methamorphosis?

A: You can refer to the articles I have written before, Methamorphosis Activity Rules, Methamorphosis Income Detailed Explanation, Methamorphosis One Fish Many Eat-Karak, maybe this is not a very professional analysis, just take a look at my airdrop notes.

It is recommended that you make good use of the mETH held in Binance WEB3 wallet activities to maximize your income.

Don’t forget to fill in the referral code part of Methamorphosis: myronchiu. You can get an additional 10% points bonus effect and earn more powder to exchange for COOK!

I’ll probably finish it here first. If you have any questions, please leave a message below for discussion!

I wish everyone can make a lot of money in this event!

If you find this article helpful, please give me a like + follow. I will continue to share more information with you.

---------------------------------------------------------------------
※ The above content is purely personal sharing and does not constitute investment advice (NFA). Users are advised to DYOR and assess their personal risk tolerance.

#幣安Web3錢包 #COOK #Airdrop‬⁩ #methamorphosis #binanceweb3wallet