MantleDrop is a series of strategically selected community initiatives & drops to incentivize participation and raise awareness around $MNTL and AssetMantle. In recent days, the AssetMantle community has been heavily focused on the Stakedrop, which is the first part of the broader MantleDrop program. Read more on the Stakedrop here.
In brief, the MantleDrop program is comprised of:
- Osmosis LPs Airdrops
- OpenSea Users Airdrop
- $MNTL Reserved for Mantle Genesis Creators
The Mantle team chose this method of distribution as they feel that it aligns best with the goal of creating a strong community of NFT collectors & artists within the Cosmos ecosystem.
In total, 54% of the initial circulating supply will be distributed among the Mantle community members & creators, which is a huge step in the direction of decentralization and aligns with the team’s core values.
MantleDrop Campaign Split Up
As seen on the chart below, the MantleDrop campaign is split up as follows:
AssetMantle will be allocating 9 million $MNTL in total to the StakeDrop so that they can reward long-term token holders that value the security and success of projects that they are associated with.
Osmosis Liquidity Providers
AssetMantle will be allocating 30 million $MNTL to Osmosis liquidity pools. This would be the largest part of the MantleDrop as a token of appreciation and gratitude to Osmosis liquidity providers who have been the most active contributors to the ecosystem.
AssetMantle will be allocating 9 Million $MNTL to the users of OpenSea & NFT holders as the Mantle team wants to showcase the utility of AssetMantle to the largest addressable market for NFTs & creators.
Finally, AssetMantle will be allocating 12 million $MNTL to the creator reserve, which will support our genesis creators by helping them to grow and develop with AssetMantle.
The vesting schedule is also a very important part of the MantleDrop program, which has been specifically designed to facilitate the timely release of airdropped tokens in a way that works best for all parties. The vesting schedule for the MantleDrop is as follows:
The Osmosis MantleDrop will be spread across 10 liquidity pools and will comprise 30 million $MNTL tokens in total & is the largest part of the MantleDrop campaign.
Snapshot Date: 15th Feb 2022. This covers the period from the launch of our Testnet V1 to the launch of our V2 Testnet.
Claim Period: 60 Days from the Token Generation Event(TGE)
Max Cap: 750 $MNTL
These pools reflect some of the best projects built within the Cosmos ecosystem, the Mantle team is proud to support such an incredible group of projects. To claim your Osmosis MantleDrop you will need to complete the following during the 60-day claim window starting from TGE (18 April 2022):
- C0: Initial claim (30%)
- C1: Staking (10%)
- C2: Vote on a Governance Proposal (10%)
- C3: Liquidity Pool creation (20%)
- C4: Mint an NFT on MantlePlace (30%)
- Snapshot Period: 15th Nov 2021 – 15th Feb 2022. This covers the period from the launch of our Testnet V1 to the launch of our V2 Testnet.
- Eligibility Criteria: Minimum of 1 ETH worth NFTs traded (Buy, Sell) on OpenSea across verified collections.
- Claim Period: 60 days from the Token Generation Event (TGE)
- Max Cap: 250 $MNTL
Any unclaimed airdrops after the 60-day period are going back to the community pool in the DAO.
NOTE: To ensure fair and equitable distribution of the tokens, the maximum number of tokens that would be airdropped is capped at 250 MNTL.
$MNTL Reserves for Genesis Creators
In addition to the above drops, there are special reserves allocated to the genesis creators that include the following:
- Grant opportunities governed by the community to top collections/projects willing to launch on AssetMantle
- Rewards distribution for Genesis mint to whitelisted projects, creators, and collectors
All the unclaimed $MNTL tokens in the creator reserves will be going to the community treasury to have the retroactive rewards distributed to the MantlePlace users.
Mantle Creators Benefit From The Following
- Exclusive 1:1 artworks, & Fully customizable storefronts,
- Multi-chain NFT transfer,
- Minimal gas fees for minting & transactions.
- Join our growing community of innovative web3 artists: https://bit.ly/AMCreatorApp
The MantleDrop initiative is a huge part of AssetMantle’s team strategy to encourage greater decentralization and reward our loyal community members as well as participants in our NFT marketplaces whether they are creators or collectors.
AssetMantle is looking forward to a bright, community-driven future and the team hopes that everyone in the Mantle community will join the platform in the near future.
AssetMantle is 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 AssetMantle. If you wish to get in touch, please do not hesitate to reach out to us