Mantle Network’s MNT to COOK airdrop is live now. You can lock up your MNT tokens to earn COOK as the reward. The airdrop is a part of Mantle Network’s upgradation into a more advanced Ethereum Layer-2 solution.
This article will be a comprehensive guide to claiming the Mantle airdrop. Also, we will look into eligibility criteria, launch date & end date, withdrawal process, and more.
Let’s get started.
What is Mantle?
Mantle is an Ethereum Layer-2 solution where you can build high-performance dApps. The low fees and uncompromising security made Mantle one of the prominent L2 solutions in the current Web3 environment.
Mantle has a Liquid Staking Protocol (LSP) where you stake ETH to earn mETH (Mantle Staked Ether). The ongoing airdrop is similar to ETH staking. You stake your MNT, Mantle’s native token, and earn their brand new token called COOK.
The MNT Token
MNT is the native token of Mantle Network. The token is used for governance, voting activities, staking rewards, and other major activities. MNT holders can make decisions in launching new initiatives, implementing new rules, and modifying the interface.
The COOK Token
Mantle Network’s upgrade process is ongoing, and they are in the next developmental stage of Mantle’s Liquid Staking Protocol (LSP). Instead of MNT, they will be using the new token COOK as their governance token for the LSP.
There are up to 200 million COOK tokens allocated solely for this airdrop. COOK holders will have access to new advanced features of the Mantle Network.
Eligibility Criteria; Is This Airdrop Free?
- The airdrop is not free. Only MNT holders can participate in the campaign. You have to buy and transfer MNT to the Mantle ecosystem.
- As an advanced airdrop for experienced users, the airdrop is not recommended for newbies.
- The usage of a VPN to access Mantle is not recommended.
- There are no other specific eligibility criteria. There is no age limit and people from every country can participate.
Step-by-Step Guide to Claim the Airdrop
- Get some MNT: You should lock your MNT to earn COOK as a reward. MNT is available to trade on the ByBit crypto exchange. We have to transfer MNT from ByBit to our wallet.
- Create ByBit Account: Visit ByBit and create an account. Complete the KYC verification and transfer some funds. The preferred minimum amount is 30 dollars. However, you can transfer any amount.
- Transfer MNT: Visit ByBit’s market and search for MNT tokens. Purchase MNT with your USDT. Visit ByBit’s wallet interface and send MNT to your personal Web3 wallet. Make sure you have entered the correct wallet address. Once sent, you cannot reverse the transaction.
- Access Mantle Network: Visit Mantle Network’s official website and connect your wallet. Accept the signature request and swap the chain.
- Stake Your MNT: Visit the airdrop campaign page and click Lock Your MNT. Pay the gas fee and verify the signature request. You can now see your staking status. Visit daily to see your estimated COOK rewards.
How to Withdraw Your Earnings?
After the end of the staking term, you can unlock your MNTs and collect the COOK. Rewards already started to display from 18th July 2024 onwards. However, reward redemption can only be done within 30 days of the end of the event.
Airdrop Launch Date & End Date
The airdrop campaign was started on July 15th, 2024. The first snapshot was captured on July 16th, 2024. As of today’s latest information, the event may end on October 9th, 2024.
The final snapshot will be captured on October 9th, and you should withdraw your COOK to your wallet before November 9th, 2024.
Final Thoughts: Is This a Trustable Airdrop?
Mantle network has received positive feedback from Ethereum L2 users. Many already migrated to Mantle, and a huge upgrade is now in progress. Mantle will be a potential project, so this might be your chance to get into it early.
COOK is a promising coin, and upon mainnet launch, it will get large-scale investors. If you have some balance dollars in your portfolio, you better lock them up in Mantle.
Nevertheless, it is crucial to do your research before locking your crypto. Go through Mantle Network’s whitepaper for more information. Also, visit their blogs, and docs, and engage with the social media community to get a better understanding.
DYOR, and happy airdropping.
Read more: How To Claim OneGet Coin (OGC) Telegram Airdrop? How to Withdraw? Launch Date, & More
