Manta Network Announces Four-Year Program to Share Gas Rewards with Users

Manta Network has announced a four-year program that will see the modular blockchain for zero-knowledge applications share gas rewards with the platform's users.

Modular blockchain protocol Manta Network has announced a four-year program to share gas rewards with users of its zero-knowledge applications.

On Sept. 30, Manta Network announced its “Gas Gain” plan, which will see 50% of gas fees returned to web3 users in MANTA tokens.

Over the next four years, the project will distribute half of all gas profits on Manta Pacific to its most active community members. Manta Pacific is an Ethereum (ETH) virtual machine-equivalent zero-knowledge platform leveraging the Celestia DA and Polygon zkEVM.

Users to accumulate points to earn rewards

To qualify for the gas rewards, Manta users must be among the top 400 users with the highest points over a two-month period.

Users will earn points based on their overall interaction within the ecosystem and for holding MANTA tokens. Some decentralized applications and protocols users can interact with include those in decentralized finance, non-fungible tokens and games.

Additionally, recognized contributors within the ecosystem will also benefit from the gas rewards. This includes those holding Golden Shovel NFTs or current participants in programs such as restaking and Manta CeDeFi.

10 million MANTA allocation

At the end of each two-month epoch, the team will calculate and distribute half of all gas fees from the protocols to eligible users. On-chain activity and the set criteria will determine the distribution.

The project will continue over the next four years and benefit from an additional allocation of 10 million MANTA from the Manta Foundation, accounting for 1% of the total Manta supply.

MANTA’s token launched on exchanges in January 2024, with Binance listing it as the 44th Launchpool project.