L2 modular blockchain Manta Network has announced a partnership with Solana meme coin project Bonk (BONK) to launch a meme-themed campaign on Manta Pacific.
Modular blockchain network Manta Network has announced a new partnership with Solana (SOL) meme coin project Bonk (BONK) to launch a meme-themed campaign on Manta Pacific.
In a press release shared with crypto.news, Manta highlighted its aim to enhance its onboarding process and engage its users through BONK’s community-building strengths.
To mark the collaboration, Manta has also introduced a new rewards program on Manta Pacific, which is designed for EVM-native zero-knowledge applications.
The partnership aims to foster an interconnected meme community and enhance user engagement through the “Dual Citizenship” and “Active Participant Rewards” programs. These initiatives are designed to reward community members for their participation and commitment.
Under the Dual Citizenship program, participants who are actively engaged with both BONK and Manta communities can earn rewards from a pool of up to 690,000 MANTA tokens.
To be eligible, participants must have a minimum of 1 million BONK tokens staked and any amount of ETH or MANTA in a Manta Pacific wallet.
The rewards will vary based on the duration of BONK token staking, with longer staking periods resulting in higher rewards.
Moreover, The Active Participant Rewards program encourages BONK enthusiasts to engage in various on-chain activities within the Manta Pacific ecosystem. Activities include trading on the Gull Network, playing games developed by Elfin Games, and participating in new meme coin launches.
Manta Network’s Manta Pacific leverages the platform’s Universal Circuits and integrates Celestia’s data availability solutions to provide an optimized environment for zero-knowledge applications, aiming to reduce gas fees and enhance user experiences.
The partnership's programs officially commence on July 10, 2024, with a 30-day window for participants to verify their eligibility for the MANTA rewards.
Manta's latest partnership follows the Manta Foundation's introduction of a $50 million ecosystem fund, offering funding opportunities for projects exploring the expanding web3 space powered by Manta Network.
Manta (MANTA) has not experienced any significant price surges in response to the partnership announcement. At the time of writing, it was trading at $0.8726, showing a 24-hour price decrease. However, analysts are optimistic about MANTA's potential to reach $10 in the near future.
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