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Contribution Rewards
Our new rewards system will take full advantage of the entire 15.6% crowdloan allocation that we have carved out for the crowdloan. As a reminder, our crowdloan allocation distribution categorizes the 15.6% across the following:
- 12% (120 million) of tokens are base rewards, earned by simply contributing DOT
- 3% (30 million) of tokens are earned exclusively by crowdloaners through participating in the MantaPay liquidity event, once MantaPay launches
- 0.6% (6 million) of tokens are exclusively reserved for Binance early bird contributors)
Under the new system, the base rewards are no longer a ratio of 1 DOT to 4 MANTA. Instead, it is based on how many DOT you contributed to the pool of DOT contributions. With this change, your rewards will increase significantly. For example, if Manta receives 5 million DOT in its crowdloan, the new system would reward DOT contributors 6x the amount of rewards compared to the old system.
The MantaPay liquidity event will still take place, but instead of having the reward fixed at 1 MANTA token, the same rewards distribution that the new Base Rewards have will replace the fixed ratio. In other words, crowdloan contributors who participate in the MantaPay Liquidity Event will be allocated a proportionate amount of the 30 million tokens, just like how the Base Rewards work.
*For now, we cannot guarantee any centralized exchanges will support the MantaPay Private Liquidity Event. Contributors contributing through centralized exchanges risk forgoing the Private Liquidity rewards. We are making a best effort to coordinate the event with centralized exchanges. Updates will be provided when applicable.
Manta Network contributors who contribute using a decentralized contribution channel (e.g., Polkadot JS) will receive a special NFT commemorating their support for our first parachain auction.
The Binance Pool of 0.6% (6 million MANTA) will remain the same because it already follows the rules that we have applied under the new changes.
The early-bird bonus amounts apply in the new system. All bonuses will be factored in for each applicable contributor; under the new system, the bonuses will be added into the representation of their allocation of the crowdloan rewards. As an example, an early-bird participant who contributes to the crowdloan before November 11, 2021 will receive 10% more MANTA than those who contribute after the third parachain auction.
At the top of the Crowdloan page, you can click on My referral link. That will immediately copy your referral code URL to your clipboard, where you can share it with anyone and everyone. When your friend (or stranger you DMed) clicks on your link, they will come straight to our crowdloan website.
Each referral rewards 5% extra MANTA. That 5% is split between the referrer (2.5%) and the referred (2.5%).
Last modified 1yr ago