Very recently, Arbitrum, the Ethereum scaling solution protocol, held a huge airdrop of their $ARB token which unlocked a new level of success for the company. Following this massive development, many other protocols are also expected to jump on the airdrop wagon.

The new protocol that we expect could have an airdrop very soon is Mantle. It is a layer 2 platform, created by the team at BitDAO. Their public testnet was launched and very recently went live. With this launch, the team at Mantle also promised to introduce a community incentive program. Through your viable interaction with the platform, you could significantly multiply your chances of potentially earning some $BIT coins via the airdrop.

In this article, we will take you through the Mantle Network, its potential airdrop and what you can to do be eligible for it.

Also Read Upcoming Crypto Airdrops: Blockchain Projects that could potentially Airdrop tokens in 2023

What is Mantle Network?

Mantle is a layer 2 protocol that focuses on Ethereum and works on a modular architecture. The credit for developing Mantle goes the BitDAO which is not only a platform that has partnered with Bybit but is also notably one of the biggest decentralized autonomous organizations (DAOs) at a global scale.

The head of product for BitDAO’s Windranger Labs, jacobc.eth had this to say about the platform, “The BitDAO community is creating the first layer-2 blockchain that is built using a hyperscaled modular chain approach. At the same time, Mantle will serve as the connective tissue for various BitDAO initiatives, such as projects from Game7, research from EduDAO, to the ecosystem of dApps being enabled by BitDAO. Mantle is BitDAO’s demonstration to scale Ethereum and web3, enabling a whole new generation of use cases and innovations.”

Learn more about: What is BitDAO(BIT)? BitDAO Price Prediction 2023, 2024, 2025 to 2030

The system behind Mantle has been created with the aim of improving the level of security on the platform, diminishing the fees that are charged and also multiplying the throughput in terms of transactions. Their objectives are achieved via the use of the roll-up technology which aids in the establishment of a “decentralized data availability layer”. Mantle has also collaborated with EigenLayer, a general-purpose marketplace for decentralized trust, to turn their mission into a reality.

Mantle has a unique and effective working strategy in place which helps them in providing users with a great throughput even when it comes to heavy-duty applications. They have mitigated the requirement of a forking capital which not only motivates the validators but in turn also diminished the marginal cost of funds that comes in while establishing any new protocols is concerned. Mantle has also implemented a wonderful staking system, which enabled any ETH staker, who has locked their ETH on a ley 1 platform, to stake a pegged asset like stETH, rETH, cbETH, and so on, again. This helps by providing security to Mantle’s data availability layer.

Since Mantle comes along with the benefits of the unparalleled levels of security that Ethereum offers, it helps builders to use the platform’s one of a kind design and create efficient decentralized applications. These dApps will then not just have a very advanced and top notch user interface, but will also have the added features of enhanced privacy and safety.

What is the Roadmap of Mantle?

Mantle as a relatively new platform has followed a rather impressive journey. Their entire roadmap has been as follows

In June 2022, the original proposal for a BitDAO chain was issued
In August 2022 the Proposal to create a BitDAO chain as a modular Layer 2 platform was given
In November 2022 we witnessed the launch and unveiling of the Mantle protocol
In the first quarter of 2023, we see the launch of the Mantle Testnet

As the year 2023 progresses further, we expect to see some more exciting updates soon, like the launch of the Mantle Mainnet, some significant Network upgrades (EIP-3074) and the building of an ecosystem

In fact on 26th February 2023, the Mantle Core team submitted a proposal on the governance forum of BitDAO where they asked for a 200 million dollars fund dedicated to early-stage Web3 startups. Through this capital, they wish to amplify the adoption of the Mantle network among various developers and Decentralized apps. BitDAO has issued the approval on the proposal and has agreed to put in 100 million dollars into the Mantle Ecofund

Crypto Token by Mantle

As of now, the Mantle Network is using just the $BIT token, which is the governance token of BitDAO. Since BitDAO is a partner with Bybit, they still utilize $BIT as their “unofficial official” token. Bybit is known for conducting reward campaigns and often gives out perks and benefits for the $BIT coin and token holders in order to incentivize them. For instance, they had held a BIT Trading Fiesta in which they allowed regular $BIT traders on the Bybit platform to earn almost up to US$100,000 as a part of their reward.

How to participate in the Mantle airdrop?

Since the official eligibility criteria are still not ours yet, we can interact with the Mantle platform and increase our chances of becoming eligible for the airdrop. To do so you will just have to put in very little time and follow the step by step guide given below

Step 1: Configuring your wallet

If you don’t already have a meta mask wallet download it by clicking on this link and setting up an account: Metamask
Next, visit the Chainlist website by clicking on ChainID
On the top right corner select connect wallet and choose the wallet you would wish to link
Approve all the pop ups and signature requests so that your wallet gets connected
In the search bar type Mantle, and then click on Add Chain under the first result. Approve the pop up notifications from your wallet in order to add this chain also to your wallet
Now In the search bar type Goerli, and then click on Add Chain under the first result. Again Approve all the pop up notifications from your wallet in order to enter this chain also to your wallet
This step is required only if you do not have your wallet configured to have the Goerli and Mantle network in it.

Step 2: Request some test ETH funds

Visit the official website of the Paradigm MultiFaucet.
Click on sign in with Twitter
Approve the authorization notification from Twitter
Copy your Ethereum address from your wallet and paste it into the search bar
Click on claim
Approve the pop ups from your wallet and you would have received the funds

Alternatively, you can also use the Alchemy Faucet, enter your ETH address and request some funds

Step 3: Request some Testnet $BIT from Mantle Faucet

Visit the official website of the Mantle Faucet through this link https://faucet.testnet.mantle.xyz/
Select the Connect Wallet option and choose the wallet you would wish to link
Approve all the pop ups and signature requests so that your wallet gets connected
Click on Verify with Twitter and Approve the authorization notification from Twitter
Copy your Ethereum address from your wallet and paste it into the search bar
Enter your mont amount and then Click on Mint Token
Approve the pop ups from your wallet and you would have received the funds
Alternatively, you can also use the Alchemy Faucet, enter your ETH address and request some funds

Step 4: Connect Wallet to the platform

Visit the official website of the Mantle platform here https://www.mantle.xyz/
On the top right corner click on Connect Wallet to link your preferred wallet to the testnet. You can choose from either the Meta Mask wallet or Wallet Connect.
Click on the wallet of your choice. Click on Approve once you have read all the terms and conditions. After that authorize the pop ups from your wallet and switch the network

Step 5: Use the Bridge from Goerli to Mantle Testnet

Visit the official website of the Mantle platform here https://www.mantle.xyz/
Scroll till you can see “bridge to mantle” and click on it
Select Agree to terms once you have read them
On the top right corner click on Connect Wallet to link your preferred wallet to the testnet. You can choose from Meta Mask wallet, Wallet Connect and Coibase wallet
Click on the wallet of your choice. Approve the pop ups from your wallet and switch the network
Go to the Deposit section
Under the From bar select Goerli network and enter the amount of ETH you wish to send. Under the To section, select the mantle network. In both From and To areas, Goerli and Mantle would be automatically selected respectively when you start
Make sure the Goerli network is selected on the top right corner. If it is not just click on Switch to Goerli and then approve the wallet pop up.
Click on Deposit and authorize all the pop ups from your wallet

Step 6: Complete Mantle Quests on Crew3

Visit the official Crew3 website through this link
Click on “Create an account”
You can choose to continue with either Discord or WalletConnect
Authorize the pop ups
Scroll down and select DAO filter and then look for Mantle and click on it
Enter a valid username and Click on Next
Click on “Connect to a Wallet”
In the pop up choose the wallet of your preference and link it
Now solve these quests to get discord roles

Step 7: Getting Guild roles for Mantle

Visit the official Guild website through this link
Click on “explore guilds”
In the search bar type “Mantle” and select the result
Click on “Connect to a Wallet”
In the pop up choose the wallet of your preference. You have four options namely Meta Mask, Coinbase Wallet, Wallet Connect and Delgate Wallet
Once your wallet is linked Click on “Join Guild To Get Rewards”. In the pop up select “join”
Now that you are a part of the Lenster Guild you can scroll down to see the roles.
Some of the roles that you will gain access to immediately and their requirements are as follows
Role Name: BIT Holder
Role Requirement: You will need to Hold at least 1 BIT
Role Name: BIT Holder
Role Requirement: You will need to hold at least 10 BIT and Be included in the allowlist

To conclude

Mantle is an up and coming platform that with its innovative ideas is bound to bring a change in the space. It is often advisable to join a network in its early stages in order to benefit form its growth at a huge scale. By following the simple steps that we have described in detail, one can easily interact with the platform in no time. By doing so you will not just get a step closer to the airdrop but will also benefit from the many features Mantle has to offer.

At Crypto Bulls Club we have covered a few more guides on airdrops that you can read about:

Rage Trade Airdrop Guide: Earn 1000USD in $Rage tokens for Free
Arbitrum Nova Airdrop Guide: How to Earn 1000USD+ $Nova token?
Ultimate Dune Analytics Airdrop: How to get $Dune Airdrop (Time Sensitive)

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Filed under: News - @ April 15, 2023 5:22 am