Update on Mantle Journey Season Alpha Rewards

10/18/232 min read

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Update on Mantle Journey Season Alpha Rewards

To all Mantle Journey participants,

Mantle Journey commenced on Aug. 29, 2023, when we introduced the program and its mechanics, Mantle Journey (MJ) Miles, complete with a 20M $MNT reward pool that is set for distribution at the end of Season Alpha. We thank all Mantle Journey participants for their support and look forward to moving on to the next part of this journey.

As we plan for the distribution of rewards at the end of this season, tentatively set for Jan. 15, 2024, here’s a brief rundown at how the 20M $MNT in rewards will be allocated.

For Users: 10M $MNT Reward Pool

Users will be able to receive a share of the 10M $MNT reward pool based on their MJ Miles accrued. The final reward would be calculated based on Eligible MJ Miles per User / Total Eligible MJ Miles of All Users. Additionally, a minimum threshold will be set for MJ participants to be eligible for $MNT reward distribution.

Sybil checks will be conducted, and non-eligible MJ Miles and activities will be removed from the calculation.

For Protocols: 10M $MNT Reward Pool

10M $MNT will be distributed to participating Mantle Journey protocols based on their leaderboard ranking, counting transactions and Total Value Locked (TVL). Top protocols that receive their share of the reward pool will put 50% of protocol rewards back into tasks and quests for user incentive programs in the next season.

More details on the allocation of this reward pool will be shared soon. If you have any questions, please let us know on our Discord channel.


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