L2 modular blockchain Manta Network has announced a partnership with Solana meme coin project Bonk (BONK) to launch a meme-themed campaign on Manta Pacific.
In a press release shared with crypto.news, Manta noted that by integrating BONK’s community-building expertise, it aims to make its onboarding process more accessible and engaging for its users.
To celebrate the latest collaboration, Manta has also introduced a new rewards program on Manta Pacific, Manta Network’s modular L2 ecosystem designed for EVM-native zero-knowledge applications.
The partnership aims to foster an interconnected meme community and enhance user engagement through the “Dual Citizenship” and “Active Participant Rewards” programs. These initiatives are designed to reward community members for their participation and commitment.
Under the Dual Citizenship program, participants who are actively engaged with both BONK and Manta communities can earn rewards from a pool of up to 690,000 MANTA tokens.
Eligibility criteria include having a minimum of 1 million BONK tokens staked and holding any amount of ETH or MANTA in a Manta Pacific wallet.
The rewards will vary based on the duration of BONK token staking, with longer staking periods resulting in higher rewards.
Additionally, The Active Participant Rewards program encourages BONK enthusiasts to engage in various on-chain activities within the Manta Pacific ecosystem. Activities include trading on the Gull Network, playing games developed by Elfin Games, and participating in new meme coin launches.
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Manta Network’s Manta Pacific leverages the platform’s Universal Circuits and integrates Celestia’s data availability solutions to provide an optimized environment for zero-knowledge applications, aiming to reduce gas fees and improve user experiences.
The partnership’s programs officially commence on July 10, 2024, with a 30-day window for participants to verify their eligibility for the MANTA rewards.
Manta’s latest partnership comes on the heels of the Manta Foundation introducing a $50 million ecosystem fund, offering funding opportunities for projects aiming to explore the Manta Network’s expanding web3 space.
Manta (MANTA) has not seen any notable price surge following the partnership revelation. At the time of writing, it had been trading at $0.8726 in the last 24 hours. However, analysts are anticipating a potential surge in the price of MANTA, projecting it could reach $10 in the near future.
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