Guide to participating in the popular airdrop New Paradigm

New Paradigm is a liquidity incentive activity within the Manta ecosystem launched by the Manta public chain. It is similar to the Blast liquidity staking launched by Blur a while ago. Users can pledge their own funds to obtain future token airdrop rewards.

(Note: Manta public chain is the first ETH L2 built on Celeasita.)

Compared with Blast, New Paradigm's advantages lie in its rich ecological projects and shorter payback period. Users can receive token airdrops as early as January 2024.

In addition, the Manta public chain itself has received an investment of US$60 million from first-tier institutions such as Binance Labs and Polychain Capital, reaching a primary market valuation of US$500 million. value.

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Expected rewards

1. After ETH and USDC cross-chain to the Manta ecosystem, just like Blast, even if the assets are left unchanged, interest of about 5% will continue to accrue;

2. Participate in activities to pledge assets and obtain future token airdrops;

3. Participate in the Manta ecosystem Interact with projects to obtain potential airdrop opportunities for the project itself;

4. After staking ETH and USDC, the Stone and wUSDM obtained will be used to participate Projects within the Manta ecosystem, such as lending projects, receive the benefits provided by the project itself.

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How to play< /strong>

Basic logic

All rewards: 3% (basic reward) + 2% (additional reward) + 1.5% (ecological reward) = 6.5%

Users will ETH or USDC are pledged to obtain blind box fragment rewards. The fragments can be exchanged for blind boxes, and the NFTs released from the blind boxes can be exchanged for future token airdrops.

Initial reward

High-quality users can obtain different amounts of blind box fragments as initial rewards based on their own ratings.

If there is an initial reward and you want to get it, you need to deposit 0.25ETH or the equivalent USDC to activate the wallet and get the invitation code.

If there is no initial reward, you need to deposit at least 0.01 ETH or the equivalent USDC to activate the wallet and obtain the invitation code.

Reward calculation

Users who pledge 1 ETH can get 25 blind box fragments as rewards every 7 days. 25 blind box fragments can be synthesized into 1 blind box, and 1 blind box can open 1 NFT.

Note that this event is different from Blast. Due to the short duration of the event, capital deposits will be stopped in January. If you want to deposit small funds, you need to extend the front line. It is unlikely to collect 1 NFT.

Invitation system

After the first recharge, users can get 8 invitation codes. The inviter and the invitee form a group. When the group funds reach 5E, they can get 5 additional invitation codes. When they reach 20E, they can get 1 permanent invitation code. Invitation code.

Inviters can get two levels of rewards, 16% and 8% respectively. For example, if A invites B, and B invites C, A can get 16% of B's ​​reward. Get 8% of C to increase the spread of your campaign.

Acceleration and efficiency bonus

If the user enters a large number of assets for the first time, the 7-day waiting period will be reduced, and he or she can even directly obtain the fragment reward in the first week, but the acceleration effect is only once.

The more funds pledged by the group, the more blind box fragment bonuses will be obtained in each cycle.

Extra rewards

The default 3% reward is allocated to 6 types of NFT holders. If you want to get an additional 2% reward, users can synthesize the 6 types of NFT obtained into one ultra-rare NFT. Ultra-rare NFT holders can Get 2% token bonus.

The 6 types of NFT can be obtained by participating in activities and opening blind boxes, or they can be bought and sold on the market.

In addition, users who participate in the Manta ecological project interaction (Dex, Lending, providing LP, etc.) can also receive a 1.5% token reward. See the Manta ecological project Link below. https://manta.network/ecosystem.html

Critical time

As early as January 2024, users can exchange the NFT they receive into token rewards;

69 days after receiving token rewards, users can unlock and transfer the pledged ETH and USDC from the Manta ecosystem.

Specific operations

https://newparadigm.manta.network/?inviteCode=LGDCE

Join the event

Use the Biteye invitation link above to enter the event page, join the Biteye group to get exclusive additional rewards

• Half of the invitation reward will be given to the group members

• 25%-50% of the official Grant of 25,871 $Mantas obtained by Biteye will be given to team members as incentives

• More benefits Coming soon

Click "Join Now" on the event page to join the event.

Bind Twitter, connect to wallet, and confirm initial rewards.

Initial reward activation

If there is an initial reward, the following congratulations interface will appear. Just deposit the corresponding funds to activate the reward.

If there is no initial reward, the following interface will appear, prompting the user to switch wallets and try again.

The funds here are deposited from the main network to the Manta network. When depositing funds, pay attention to the GAS level of the main network.

ETH will become Stone after being deposited, and USDC will become wUSDM after being deposited. If there is no GAS for subsequent interactions, you can use a third-party bridge to span to the Manta network, which will save even more GAS.

Note that to participate in the event, you must deposit funds through the event page to obtain the blind box fragments. However, the GAS required for subsequent interactions in the Manta ecosystem can be obtained through the The three-party bridge goes across chains.

For small gas cross-chains, you can use the Mini Bridge link below, which has the lowest rate.

https://minibridge.chaineye.tools/

Activity interface list

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Since the deposited funds are less than 1 ETH, only 0.27, the cycle time is 7 days, which is stretched to (1/0.27)x7=25.9 days , a cycle of approximately 25 days and 22 hours.

In other words, users can get 6 fragments every week, and after 25 days and 22 hours, the fragments can be used to synthesize blind boxes.

This is why it is mentioned above that if the funds are too small, it may be too late to synthesize a blind box. However, some radical strategies will be introduced below to help small funds. Speeding up the progress will of course lead to higher risks, so the choice should be made based on personal circumstances.

Strategy introduction

Steady gameplay (purchase Stone + LP + loan)

After ETH is deposited, many users make changes in order to take out the funds. A radical operation may involve selling the Stone in hand. At this time, the price of Stone will definitely be decoupled from ETH. However, as the asset is unlocked in the future, there is a high probability that the price of Stone will gradually become the same as ETH. We buy Stone at a low price and wait. Just keep rising steadily.

(https://dexscreener.com/manta/0x02b25ffb7269fc167f8959de9a1bcd4213c06aaf)

As shown above, the current price of Stone is only 0.89. ETH, just wait for the price to return to 1 ETH after buying it.

At the same time, after we deposit ETH, we can also take the obtained Stone to Quickswap to form LP to get the fee income, or deposit the funds into the lending platform Layerbank, get lending rewards, and an additional 1.5% ecological reward from Manta.

（https://quickswap.exchange）

(https://manta.layerbank.finance/)

Aggressive play (sell Stone and deposit ETH in a loop)

Sell Stone directly on Quickswap To withdraw ETH, use the cross-chain bridge, then deposit again, and use small funds to obtain more fragment rewards.

But note that due to Stone being continuously sold, there is already nearly 11% wear and tear here. If you think that future airdrops cannot cover the wear and tear here, then no It is recommended to do this.