We have only been one week into 2024 and it has rained airdrops so far. For major airdrops, we saw announcements from SAGA Protocol, Dymension, Pixels, and XAI. And there’s going to be a lot more of them this year, as many projects that were building diligently during the bear market, will launch their products.

Manta Network is such a project that has been in development for many years. And they are ready to unveil what they have been building for so long. Before we discuss the airdrop details, let’s dive into what Manta Network has to offer.

What is Manta Network?

Manta Pacific is the general-use name given to Manta Network’s Layer 2 solution enabling ZK applications on blockchain.

‘ZK’ in crypto space stands for zero-knowledge, a technology that enables privacy-like transactions among provers and verifiers of blockchain transactions. What this enables is even cheaper and faster transactions.

Manta Pacific also uses Celestia’s Data Availability layer for faster and cheaper transactions (*hint hint*).

To learn more about Manta Network, head over to their official website and socials.

Okay, let’s get into airdrop details now.

Manta Pacific: Into The Blue Airdrop Campaign

Manta Network launched their genesis airdrop campaign to celebrate their mainnet launch and to reward the most loyal users who helped them get here.

A total of 50,000,000 $MANTA tokens or 5% of the total token supply is reversed for the Into The Blue airdrop campaign. This allocation consists mainly of two sub-groups;

1. Users who engaged with the Manta Network in previous stages of development such as Manta Atlantic and Manta Pacific. 30,000,000 $MANTA or 3% of token supply.
2. The Great Treasure Hunt event (ongoing)–participants of the Manta Atlantic and Manta Pacific activities would have awarded users treasure chests. These treasure chests contain one of six rewards of varying rarities. At the end of the campaign these rewards can be converted to $MANTA tokens. The rarer the reward, the higher allocation of $MANTA tokens from a pool of 20,000,000.

So, who is eligible for the $MANTA airdrop campaign in the first category above? Below are the criteria that qualified and amplified each user for their $MANTA token allocation.

Each of the criteria in the above image shows different campaigns launched by Manta Network over some time. These include finishing social tasks, collecting NFTs, on-chain transactions, and proving humanity. Qualifying under multiple categories leads to an airdrop multiplier.

You can check your airdrop eligibility with the link below ONLY.

https://airdrop.manta.network/

More details on this airdrop on Manta’s Medium page.

If you didn’t qualify for the ‘Into The Blue’ airdrop campaign, fear not. There’s still ways to earn some $MANTA token airdrops.

Manta: New Paradigm Campaign

‘New Paradigm’ is a new L2 chain built by Manta Network specifically focusing on yield-bearing assets.

Users are able to send $ETH and $USDC to this chain and earn interest on these deposits and also Lucky Boxes. These lucky boxes contain NFTs that can be converted to $MANTA rewards at a later date.

Mind you, this campaign is almost at the end and bridging assets right now will not yield much benefits. However, this is only the phase 1 of a 3-phase campaign.

Phase 1 – users bridge $ETH and $USDC to earn fixed yield + lucky boxes

Phase 2 – Users receive $STONE and $wUSDM within 24 hours to farm within Manta Pacific L2. NFTs claimed through Lucky Boxes can be redeemed for $MANTA tokens.

Phase 3 – $STONE and $wUSDM can be converted back to $ETH and $USDC and withdrawn if needed.

What does New Paradigm aim to do? It aims to serve as the liquidity layer for Manta ecosystem in the beginning.

As of December 28, 2023, a total of $380 million worth of $ETH and $USDC have been locked in Manta New Paradigm chain by over 130,000 users. They would have accumulated native yield on the tokens and also will be sharing a 50,000,000 $MANTA reward pool.

Manta Network ecosystem growth is in full swing. Airdrops are a great way of acquiring new users to an ecosystem and the Manta case will be a testament to this effect.

I did qualify for a few $MANTA tokens through a couple of campaigns I took part in Manta Atlantic and Manta Pacific programs. I will be staking these tokens as soon as they are available.

---

Disclosure: Cryptocurrency and all its related components are inherently risky and unregulated. There is a very likely possibility that all your investments go to zero. Exercise caution when investing, do your due diligence, and only invest what you can afford to lose completely.