In this article, the details related to the $MNTL Stakedrop, what it is & how to participate and much more is explained. Other drops that are upcoming for Osmosis Liquidity Providers, OpenSea users & AssetMantle creators have also been briefly described.
What is $MNTL
$MNTL is AssetMantle’s governance token and plays an integral role in its staking economy. Besides securing MantleChain, $MNTL has utility within MantlePlace (NFT marketplace for AssetMantle) for various transactions such as mint, trade, royalty distributions, and platform fees.
Learn more about $MNTL utility here.
Stakedrop & Token Distribution
The AssetMantle team believes that no man (or project) is an island, and has planned to distribute a major portion of the $MNTL token’s genesis supply to the broader community.
A stakedrop campaign is planned to be launched to make the staking community an intrinsic part of the $MNTL holders. A Stakedrop is a token distribution campaign for stakers of a specific project(s). Since Stakedrops typically require participants to complete particular prerequisites (i.e., staking with a validator, etc.), it incentivizes loyal and active users committed to a project’s long-term success. This way, recipients will be more likely to be active in protocol governance while still achieving adequate decentralization of the token supply.
As seen from the below graphic the Stakedrop is just the first in a series of planned drops, such as drops to Opensea users, Osmosis LPs & AssetMantle creators. More details on future drops will be released soon.
“At genesis incentivizing: early adopters, stakers, liquidity providers, and active NFT users across multiple ecosystems”
Since the inception of AssetMantle, fostering a community emphasis has been a focus area, so much so that a substantial allocation of the genesis $MNTL supply (20% or 60M tokens) have been dedicated to the community-centric MantleDrop campaigns. 9M $MNTL will be dedicated to the upcoming Stakedrop. In total, 54% of the initial circulating supply will be distributed to the community: to Stakers, Liquidity providers, OpenSea users & Mantle genesis creators.
Learn more about $MNTL tokenomics and distribution here.
Stakedrop Partner Networks
- $ATOM: 03/15 12:00 UTC to 03/22 12:00 UTC
Dubbed the “Internet of blockchains”, Cosmos is a PoS protocol focused on building an ecosystem of interoperable blockchains, all of which can share data/tokens with no central party involvement.
- $XPRT: 03/18 12:00 UTC to 03/25 12:00 UTC
Persistence is an interoperable protocol focused on developing decentralized next-gen financial products. Persistence’s tech stack effectively acts as a bridge connecting DeFi and traditional finance.
- $LUNA: 03/22 12:00 UTC to 03/29 12:00 UTC
Terra protocol is a leader in decentralized and open-source algorithmic stablecoins; which can track the price of any fiat currency.
- $CMDX: 03/25 12:00 UTC to 04/01 12:00 UTC
Comdex is an ecosystem of synthetic asset solutions focused on enhancing investor access to various asset classes and yield generating investments.
- $JUNø: 03/29 12:00 UTC to 04/05 12:00 UTC
Junø is an interoperable smart contracts platform that can execute, control, and document a series of events or set of parameters.
- $STARS: 04/01 12:00 UTC to 04/08 12:00 UTC
Stargaze is a decentralized and community-owned NFT network, governed by its community via its curation and governance DAOs.
How to Participate
The team firmly believes a Stakedrop token distribution is in the best interest of our community; however, there are a few steps involved to participate (see below).
- Step #1: Stake: Stake tokens (or remained staked) with any active validator on an ongoing StakeDrop campaign chain
- Step #2: Send Magic Transaction: Send a transaction with the smallest amount of native chain token to the designated StakeDrop wallet address
- Step #3: Confirm Participation: Enter the wallet address(staked) on the StakeDrop campaign dashboard to confirm your participation
- Step #4: Claim tokens: Answer daily quiz on the dashboard to claim $MNTL daily rewards
Just Beyond the Horizon
While this is an exciting time for the AssetMantle community, this is only the tip of the proverbial iceberg. 2022 is shaping up to be a defining year and will help set the tone for the project moving into the future. This much is clear; whether it is fractional NFT split, revenue sharing, increased liquidity from multi-chain compatibility, or custom-built NFT storefronts, the future looks bright, and the team’s just getting started.
Read more about our 2022 roadmap here.
Non-fungible tokens (NFTs) have experienced massive adoption within music, gaming, collectibles, and more. Even though NFTs have gained significant traction in recent years, AssetMantle believes that only the surface has been scratched of what’s possible. At AssetMantle, through the unique set of NFT focused solutions, the team is determined to be an innovation hub for creators, their respective works, and the marketplaces they are traded on.
AssetMantle is a comprehensive and interoperable NFT ecosystem & marketplace framework that provides value far beyond what is typically offered within the non-fungible space. By implementing interchain NFT standards, NFT investors (and their assets) will be able to transition between multiple blockchain ecosystems and enjoy quality creator tools with meager mintage costs.
Some of AssetMantle’s additional functionality includes:
- Fractionalized ownership
- NFT Decentralized Exchange
- Multi-Wallet Support
- Customizable storefronts
- Multichain NFT Transfers
- Customizable NFT Metadata
- Transaction Efficiency
Learn more about AssetMantle’s features here.
It is indeed early days for AssetMantle and the NFT space at large. With the maturation of the ecosystem’s features, tools and products, AssetMantle helps blaze the trail for an interoperable non-fungible future. The completion of the Stakedrop campaign and the genesis of the governance token will usher in a new era in the project’s history. One centered around community, camaraderie, and is undoubtedly cross-chain.
We are always on the lookout for connecting with individuals or organizations who wish to take advantage of the opportunities present in the blockchain space and want to learn more about Persistence and AssetMantle. If you wish to get in touch, please do not hesitate to reach out to us