Puff is a very innovative way to play Memecoin that revolves around the Mantle Staked Ether → mETH.
BTC has broken its previous high, Ethereum’s re-staking track has attracted a lot of money, and the Memecoin of PEPE, DOGE and other tokens has also skyrocketed, and the entire crypto market is filled with the smell of money! At present, the greed and fear index has reached 90, which belongs to the extreme greed range. The more carnival moments like this, the more important it is to remain cautious and calm, because FOMO emotions are the easiest to be trapped on the top of the mountain.
At this stage, a more cost-effective option is to settle down and ambush new projects. If the track, fundamentals, strength, gameplay, and popularity of the project are all available, you can try to participate in the airdrop or the primary market.
Yesterday, I saw the news that “the public casting activity of the Mantle ecological meme project Puff has been officially launched” on Rhythm, so I went to dig deeper. Based on three ideas, I also have a small amount of money to participate!
- Memecoin is currently the hottest track, and it is also the track with the strongest wealth effect, which has risen many times and is not afraid to go on, and it is not impossible to try the first level of the new project;
- The design of Puff gameplay is relatively novel, and there are airdrop allocations to create heat, including airdrops to the community and airdrops to some on-chain users;
- There is a certain amount of money involved, and there are also Twitter big V followers.
Meme combines gaming and Stake
Puff is a very innovative way to play Memecoin that revolves around the Mantle Staked Ether → mETH. mETH is the LSD token of the ETH re-staking protocol Mantle, whose TVL has reached $1.8 billion and has been growing, with an ETH staking yield of 7.76%, which is an advantage over Lido’s 3.4% staking return.
The gameplay portion of Puff is divided into six chapters, and over the next three months, users can participate in each chapter to earn up to 6 mystery potion recipes, each of which can summon more Puffs.
Each chapter also offers ways to earn the next potion and summon more Puffs.
The genesis Mint has begun
Puff’s Genesis Mint runs from March 4th to March 7th, for a total of 72 hours. Users can deposit mETH on Ethereum Mainnet or Mantle L2 and wait for allocation. Mainnet users who don’t have mETH can use ETH, WETH, USDC, USDT Zap in.
Genesis Mint raised a total of 5,520 mETH, with a maximum of 4 times over-raised, and Puff will be distributed proportionally after the end, 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 dose of potions. But it’s also okay to offer mETH in both L1 and L2!
This 18% will be airdropped in 6 times, that is, there are 6 snapshots, and each snapshot will airdrop 3% of the total Puff. The first snapshot has already been taken on February 11th, and mETH holders will receive a 3% airdrop on Genesis. The second snapshot will take place a few weeks after the genesis Mint.
An additional 1% of Puff will be donated to Mantle’s core contributors in recognition of their work to expand Mantle’s emerging ecosystem and community!
Genesis Mint Tutorial
The tutorial uses ETH Mint on mainnet as an example
If you use Mantle L2, you can use the official cross-chain bridge
- After getting mETH
- Get your ETH/WETH/USDT/USDC or mETH ready and open the official website
- Click Connect Wallet in the top right corner to connect your wallet. Then click the drop-down arrow next to mETH and select the currency you want to use.
Here according to my own situation, I chose ETH, and the system will automatically adjust the corresponding amount after choosing.
Fill in the quantity, click Mint, wait for the wallet to pop up the confirmation box, and click Confirm
Mint Successful
Then wait for the distribution and trading after the end, as well as the gameplay of the second chapter. According to the arrangement of completing 6 chapters in three months revealed by the official page, it is about 15 days to end a chapter, and the pace is relatively fast. The last one can choose to continue holding Puff or burn it for a non-MemeCoin.
Write at the end
Lately don’t really keep looking at the market, going FOMO and anxiety. If you can’t catch it, ignore it, and plan what you can catch it, the crypto market is really a comprehensive tempering of everyone’s cognition to mentality to execution.
You can go to see more new tracks and new projects, these are the most explosive places. 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 it can adjust in time to keep up with the trend so that you will not miss it.
In addition, this article only shares my own research and participation ideas on the project, and is not investment advice. Everyone’s situation is different, please according to your own actual situation, DYOR.