Manta Network has revealed a four-year initiative in which network users will share gas rewards from the modular blockchain for zero-knowledge applications.
Manta Network unveiled its “Gas Gain” initiative on September 30. Its goal is to give web3 users 50% of their gas prices back in MANTA tokens.
The project will give half of all gas income on Manta Pacific to the most engaged members of the community over the course of the next four years.
Using the Celestia DA and Polygon zkEVM, Manta Pacific is a zero-knowledge platform equivalent to an Ethereum virtual machine.
Manta users have to rank in the top 400 with the highest points during two months to be eligible. Points will be awarded to users for both holding MANTA tokens and their general interactions within the ecosystem.
Games, non-fungible tokens, and decentralized finance are a few examples of decentralized apps and protocols that users may engage with.
Acknowledgable participants in the ecosystem, such as those in possession of Golden Shovel NFTs or ongoing participants in initiatives like restaking and Manta CeDeFi, will also profit.
10 million MANTA Allocation
Half of all gas payments from the protocols will be distributed to qualified users by the team after each two-month period.
The predetermined parameters and on-chain activity will determine the distribution. The Manta Foundation has committed an additional 10 million MANTA to the project, which will be carried out over the next four years.
This represents 1% of the overall Manta supply. In January 2024, MANTA’s token went live on exchanges, and Binance listed it as the 44th Launchpool project.
