Lock $MNT on Mantle Rewards Station for a Chance to Earn Your Portion of 5 Million Ollies

09/19/243 min read

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Lock $MNT on Mantle Rewards Station for a Chance to Earn Your Portion of 5 Million Ollies

Lock $MNT on Mantle Rewards Station to build your MNT Power and accumulate tickets for the 5 Million Ollies Raffle.

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Skate is building the infrastructure for Stateless Apps, enabling apps to run on thousands of chains with a single state.

Skate is building the infrastructure for Stateless Apps, enabling apps to run on thousands of chains with a single state. Skate provides an easy means for new applications to deploy on any network while connecting all existing liquidity through a hub-and-spoke architecture. This relies upon transactions being matched and executed by users who sign intents, which are processed in real-time using EigenLayer for faster finality.

Ollies serve as the points system for Skate and reward early and active contributors. Ollies will be converted to our future community token distribution. Skate has set aside 8% of our total token distribution for community distribution.

Event Period:

  • First Snapshot Date: Sept. 20, 2024, 10AM UTC
  • Final Snapshot Date: Sept. 29, 2024, 10AM UTC

How to Get Involved

A total of 5 million Ollies will be distributed to participants through a lottery system. Users can build their MNT Power by locking $MNT in Mantle Rewards Station. Remember, the longer you lock your $MNT, the more MNT Power you'll accumulate.

Ticket allocation is based on the user's MNT Power, which is determined by daily snapshots. We've created a dedicated Skate campaign page within Mantle Rewards Station where users can easily track their MNT Power, Daily Average MNT Power, and see how many tickets they can expect to receive.

All existing Mantle Rewards Station users' MNT Power will be automatically counted towards the lottery, so no further action is required.

There are 500 winning raffle tickets, with each winning ticket receiving 10,000 Ollies. The more MNT Power you have, the higher your chances of securing a winning ticket.

Please note that any fraudulent activity or use of sybil accounts will result in disqualification from the raffle.

Citizens of Mantle Bonus

As a bonus for being a part of the Citizens of Mantle (CoM) community, CoM holders will be awarded with an additional ticket per wallet. A snapshot will be taken on Sept. 29, 2024, so make sure you've got your CoM at the ready.

If you want to take advantage of this, users can visit platforms like Mintle and Bybit's Web3 NFT marketplace to get their CoM NFT today.

Rewards Redemption Process

All winners will be selected at random and announced when the rewards redemption period begins, as follows:

  • Start of Rewards Redemption Period: Oct. 3, 2024 10AM UTC
  • End of Redemption Period: Nov. 3, 2024 9:59AM UTC

Winners will be able to view their Ollies balance on Skate.

Earn a Share of 2 Million Ollies & 50K $MNT via SkateFi's Vaults on Vertex

As if the lottery weren't enough, Skate will also be heavily incentivizing their Vertex liquidity vault with 50K $MNT and 2 million Ollies. Those who deposit during the event period will be eligible to benefit from these incentives.

Deposit Here

Event Period:

  • Start Date: Sept. 20, 2024
  • End Date: Oct. 18, 2024

For all the latest updates and latest information, be sure to follow both Skate and Mantle on X/Twitter. As always, if you have any questions, feel free to join the Mantle Discord, where a member of our team will be happy to assist!


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