Manta Network Introduces Gas Gain Program for Active Users

Manta Network has announced the launch of its innovative Gas Gain program, aimed at incentivizing active users on its Manta Pacific platform. According to Manta Network, this is the first rewards initiative in the Web3 space that directly gives back to users by reimbursing gas fees and offering additional MANTA tokens.

Program Mechanics

The Gas Gain program leverages a rewards pool funded by the gas fees accumulated on Manta Pacific. Users earn points through their on-chain activities, which can then be converted to MANTA tokens and other rewards. There is no need for sign-ups or additional steps, as participation is automatically tracked based on user activity.

Profits Distribution

Fifty percent of the gas profits from Manta Pacific will be converted to MANTA tokens and distributed among the top 400 participants based on their total points during each reward period, known as an epoch. Users can track their rankings and the global leaderboard on the Gas Gain main interface.

Long-term Rewards

Over the next four years, the Manta Foundation has allocated 1% of the total MANTA supply (equivalent to 10 million MANTA tokens) as additional rewards for the community. This long-term commitment underscores Manta Network's dedication to fostering user engagement and loyalty.

Epochs and Scoring

Each epoch lasts two months, after which the on-chain revenue of Manta Pacific is reviewed, and profits are made available for the top 400 users to claim. To prevent exploitation by bots, specific details regarding points allocation have not been disclosed. However, general guidelines indicate that factors such as asset value, engagement, and interaction diversity will significantly influence user rankings.

Key Factors for Earning Points

Asset Value: Holding assets on Manta Pacific during an epoch, converted to USDT for scoring, will earn users more points based on the asset value.

Engagement: Active participation over days and weeks on Manta Pacific will enhance user rankings. Engaging with the platform’s extensive ecosystem of over 250 protocols is also beneficial.

Diversity: Users who engage with various decentralized applications (dApps) across different sectors, including DeFi, NFTs, and gaming, will earn additional points.

Recognized Contributors: Holding specific NFTs, such as the Golden Shovel NFT, or participating in key programs like New Paradigm, can also contribute to higher scores.

Social Engagement and Verification: Linking social media accounts, posting about Gas Gain, and holding ETH or MANTA in a Manta Pacific address can further boost points. Follower count may also be a contributing factor.

In case of a tie, the first 400 community members to reach the highest score will share the profits.

Earnings Announcement

The top 400 Gas Gainers will be announced on Manta Network's social channels, and rewards will be claimable after each epoch.

About Manta Network

Manta Network is a leading modular L2 scaling solution on Ethereum, known for its high throughput and resilience. The network supports over 200 live applications and provides a robust environment for decentralized application development. Founded by experts from institutions like Harvard and MIT, Manta Network has received investments from top Web3 investment funds, including Binance Labs and Polychain Capital. The network has also participated in renowned Web3 accelerators like Alliance DAO and Berkeley Blockchain Xcelerator.

For more information, visit the official Manta Network Medium page.