The Rising Buzz Around Upcoming Cryptocurrency Airdrops
Airdrop Dynamics and Manta Network Overview
Manta Network is a modular blockchain which recently launched its Manta Pacific mainnet, a zero-knowledge (ZK) application L2. This platform allows developers to create high-performance applications with minimal fees and near-instant transactions. Manta currently has $287 million in total value locked (TVL) across various network protocols, surpassing competitors like Kava, Gnosis, and Sui.
Why the Sudden Interest?
The ongoing New Paradigm campaign incentivizes users to earn Manta tokens by bridging assets onto the network. To qualify for the airdrop, users must engage with DeFi protocols and NFTs on Manta’s platform, with larger asset bridging potentially yielding higher token rewards.
Manta Airdrop Criteria and Potential Rewards
Crypto analyst Miles Deutscher advises enthusiasts to bridge at least 0.2 ETH (approximately $400) or its equivalent in USDC. A larger bridging amount may yield increased tokens upon the much-anticipated airdrop.
Reporting Airdrop and TVL Statistics
Reports from CoinGecko show the impact of airdrops, with the top 50 between 2020 and 2023 having distributed $26.6 billion worth of tokens. Manta’s airdrop this year is expected to add to this legacy, attracting considerable attention from investors and enthusiasts.
Other Developments and Upcoming Airdrops
Jupiter, a Solana-based protocol, is set for a significant airdrop later this month. Meanwhile, Manta Pacific recently experienced a surge in TVL, reaching $316 million. The projected airdrop of 50 million tokens for early users has heightened enthusiasm and interest in the Manta Network project.
Hot Take
The crypto community eagerly awaits the potential game-changer of the Manta airdrop in 2024, poised to significantly impact the crypto landscape.
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