MANTA NETWORK CROWDLOAN

As blockchain continues to expand, more solutions are being created to maintain the seamless operation of blockchain technology. Manta Network contributes its quota by being an on-chain privacy solution for blockchain assets created from the first principle.

Manta aims to facilitate private, highly efficient Defi transactions kind AMM-styled swap and FT/NFT transfer. The end goal, in the long run, is to be a major platform for blockchain applications that preserve privacy.

As Polkadot crowd loans draw close to the first batch of auctions, things are getting hotter and Manta Network is at the forefront of the action, making moves while carrying their community along by creating room for them to be heard. They have just recently announced an up to go crowd loan rewards which let loose the full 15.6% of crowd loan allocations and things seem to be looking up.

Manta Network’s announcement received an ecstatic response from the community on social media and through general support of the crowd loan. From PolkadotJS, Manta Network received triple the amount of DOT contributions, all of this in just 24 hours of announcing the upgraded rewards. And this is only for starters.

A lot of folks have eagerly reached out, requesting about Manta Network’s referral programs. Manta has initially conducted a successful referral program with Calamari which resulted in numerous people bagging awesome bonuses. Now Manta Network is bringing this same program to the Manta crowd loan to enable collective reaping of the rewards that come with publicizing Manta Network’s crowd loan.

Summary of the Manta Network Referral Program

Here is how they work!

· Referral codes can be grabbed from the Manta Network Crowdloan Website.

· Click on the My referral link at the top of the Crowdloan page and copy it to the clipboard where you can share.

· The field for inputting your referral code will increase as referrals link their Polkadot JS wallet and select how much they want to contribute.

How referral rewards work

Referral rewards draw from the pool of 15% MANTA crowd loan rewards. Below are the salient points of this referral system:

· With a referral code, bonuses for referral apply to the whole amount contributed through that wallet address. Participants in the early bid get to contribute another amount of DOT using a referral code.

· Users are not allowed to refer themselves.

· Every referral gets a 5% additional MANTA. This is a 5%s split between the referrer and the referred.

· 5% referral calculation excludes any early bird bonus or other bonuses except the MantaPay Liquidity Event reward and base reward.

· You are not eligible to be a referrer until you have contributed to the Manta Network crowd loan.

· Only those who have contributed to the Manta Network crowd loan in a decentralized manner can use the referral code with the Manta portal.

· The referral bonus for the MantaPay Liquidity Event will release with the MantaPay Liquidity Event.

· Any centralized or semi-decentralized contributor is required to make a minimum contribution through PolkadotJS to activate their referral rewards. This is because Manta uses on-chain data from crowd loans directly to count referrals.

Manta is both a stellar member of the Blockchain Accelerator of the University of Berkeley and Substrate Builder Program as well as a grant fund recipient of Polkadot’s unique Web3 Foundation.

They make good on their aim to build a better Web 3.0 using zkSNARKS while staying true to their core principles which include interoperability, profitability ease-of-use, and high performance.

For more information on Manta Network :

https://manta.network/
https://twitter.com/mantanetwork
https://mantanetwork.medium.com/
https://t.me/mantanetworkofficial

--

--

--

Crypto. Photography. Vibes

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

The Dark Sides of Play To Earn Games That You Need To Know

Play To Earn

let's just try something new

FID NETWORK AMA RECAP…

How to Mine Crypto on Laptop in 2022

ApeCoin price tumble

Learn How to Trade Bitcoin: [Most Comprehensive Quick Start Guide]

Elon Musk’s FUD Regarding Bitcoin Energy Consumption Is A Ridiculous Narrative To Push

How To Buy Bitcoin on Bittrex: Easy Steps

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Ubong Ephraim

Ubong Ephraim

Crypto. Photography. Vibes

More from Medium

The Team behind InvArch

InvArch Weekly Wednesday: March 9th, 2022

From New Listing to Sidechains: Here’s everything Integritee has achieved in February

OAK Network Partners with Bifrost