Manta Network launches 4-year Gas Gain program
Manta Network has announced a four-year program that will see the modular blockchain for zero-knowledge applications share gas rewards with the platform’s users.
On Sept. 30, Manta Network introduced its “Gas Gain” plan, which aims to return 50% of gas fees in MANTA tokens to its web3 users.
Over the next four years, the project will return half of all gas profits on Manta Pacific to its most active community members. Manta Pacific is an Ethereum (ETH) virtual machine-equivalent zero-knowledge platform leveraging the Celestia DA and Polygon zkEVM.
Users to accumulate points to earn rewards
To qualify, Manta users must be among the top 400 users with the highest points over a two-month period.
Users will earn points based on their overall interaction within the ecosystem and for holding MANTA tokens. Possible decentralized applications and protocols users can interact with include decentralized finance, non-fungible tokens and games.
Recognized contributors within the ecosystem will also benefit, including those holding Golden Shovel NFTs or current participants in programs such as restaking and Manta CeDeFi.
10 million MANTA allocation
At the end of each two-month epoch, the team will distribute half of all gas fees from the protocols to eligible users. On-chain activity and the set criteria will determine the distribution.
The project will continue over the next four years and benefit from an additional allocation of 10 million MANTA from the Manta Foundation, accounting for 1% of the total Manta supply.
MANTA’s token launched on exchanges in January 2024, with Binance listing it as the 44th Launchpool project.
