Mantle Ecosystem Innovation Meme Project Puff Launches Mint Genesis, Learn How to Play, Airdrop + Mint Tutorial in One Article
BTC has broken its previous high, Ethereum's re-staking track has attracted a lot of funds, and Memecoin tokens such as PEPE and DOGE have also soared. The entire crypto market is full of the smell of money! At present, the greed and fear index has reached 90, which is in the extreme greed range. The more such carnival moments, the more we must remain cautious and calm, because FOMO emotions chasing highs are the easiest to get stuck at the top of the mountain.
A more cost-effective option at this stage is to settle down and ambush new projects. If the project has the track, fundamentals, strength, gameplay, and popularity, you can try to participate in the airdrop or primary market.
Yesterday, I saw the news that "Mantle Ecosystem Meme Project Puff Public Minting Activity has officially started" on Rhythm, so I dug deeper. Based on three ideas, I also participated with a small amount of money!
Memecoin is currently the hottest track and also the track with the strongest wealth effect. People who have already increased many times dare not invest in it, but it is not a bad idea to try the first level of new projects.
Puff’s gameplay design is relatively novel, with airdrop distribution to create popularity, including airdrops to the community and to some on-chain users;
There is a certain amount of capital involved, and there are also followers from Twitter celebrities.
Meme combines gaming and staking
Puff is a very innovative Memecoin gameplay, centered around Mantle Staked Ether → mETH. mETH is the LSD Token of the ETH re-staking protocol Mantle. Mantle's TVL has reached $1.8 billion and has been growing. The ETH staking yield is 7.76%, which is much better than Lido's 3.4% staking yield.
The Puff game is divided into six chapters. Over the next three months, users can participate in each chapter to obtain up to 6 mysterious potion recipes, each of which can summon more Puffs.
Each chapter also provides a way to earn your next potion and summon more Puffs.
Genesis Mint is now open
Puff's Genesis Mint will be open on March 4 and end on March 7, a total of 72 hours. Users can deposit mETH on the Ethereum mainnet or Mantle L2 and wait for allocation. If mainnet users do not have mETH, they can use ETH, WETH, USDC, USDT Zap in.
Genesis Mint raised a total of 5520 mETH, with a maximum over-subscription of 4 times allowed. After the end, Puff will be distributed proportionally, which means that each user can guarantee at least 25% of the distribution.
ETH mainnet users can deposit 0.1-4 mETH, Mantle L2 users can deposit 0.05-2 mETH, and each address can only generate one potion. But it is also possible to provide mETH in both L1 and L2!
After the mint is over, users will receive soul-bound NFT potions in their Mantle L2 wallets, and unallocated mETH will be returned to the user's address. Holders can use their potions to summon Puff on www.puffthedragon.xyz, with a mETH to Puff exchange ratio of 1:42069.
After the completion, the project will deploy liquidity in the DeFi Metaverse of www.methlab.xyz, and users can start trading or participate in other DeFi activities.
Airdrop Allocation
The total amount of Puff is 888,888,888, of which 34% is used for airdrops. 16% of it will be gradually distributed to the community, and mETH holders on Mantle L2 will share the remaining 18% of $Puff to promote the growth of TVL.
This 18% will be airdropped in 6 times, that is, there will be 6 snapshots, each snapshot will airdrop 3% of the total amount of Puff. The first snapshot has been taken on February 11, and mETH holders will receive a 3% airdrop in Genesis. The second snapshot will be taken a few weeks after the Genesis Mint.
Another 1% of Puff will be donated to Mantle's core contributors to recognize their work in expanding Mantle's emerging ecosystem and community!
Genesis Mint Tutorial
The tutorial uses ETH Mint on the main network as an example
If you use Mantle L2, you can use the official cross-chain bridge
After obtaining mETH
Prepare ETH/WETH/USDT/USDC or mETH and open the official website link
Click Connect Wallet in the upper right corner to connect your wallet. Then click the drop-down arrow next to mETH and select the currency to use.
Here you can choose according to your own situation. I chose ETH. After selection, the system will automatically adjust the corresponding amount.
Fill in the amount, click Mint, wait for the wallet to pop up a confirmation box, click Confirm
Mint Success
Then wait for the distribution and trading after the end, as well as the gameplay of the second chapter. According to the official page, it will take three months to complete 6 chapters, which means one chapter will be completed in about 15 days, which is a relatively fast pace. In the end, you can choose to continue holding Puff or destroy it and exchange it for a non-MemeCoin.
Last words
Don’t keep checking the market recently, don’t get FOMO and anxiety. Ignore what you can’t catch, and plan well for what you can catch. The crypto market is really a comprehensive training for everyone from cognition to mentality to execution.
You can take a look at new tracks and new projects, which are the places with the strongest explosive power. And to change the stereotype, Memecoin's performance in this bull market is enough to show that the logic of the market is constantly changing, and you can adjust in time to keep up with the trend so as not to miss it.
In addition, this article only shares my own research and participation ideas on the project, not investment advice. Everyone's situation is different, please DYOR according to your actual situation.
