From Sept. 4, 2024, 10AM UTC to Oct. 2, 2024, 10AM UTC, users have the opportunity to earn a share of 1,800,000 $COOK — the upcoming native governance token of mETH Protocol. Read on below to learn how you can secure your share of $COOK before its TGE commences.
**Let's do the mETH **
Simply stake $ETH on Ethereum network for $mETH and bridge it to Mantle Network via https://meth.mantle.xyz/stake, deposit or swap $mETH on Mantle Network, or refer more friends to do so.
Please note that only net increments of $mETH on Mantle Network during the event period will be eligible for rewards. Any $mETH holdings on Mantle Network before Sept. 4, 2024 will not qualify for this additional reward (still counted for Powder accumulation, which will turn into $COOK).
Hold $mETH to Unlock 1,500,000 $COOK
Only the first 5,000 net $mETH increments will be counted in this portion of the event. Rewards will be allocated on a first-come, first-served basis, based on the first amount of $mETH you stake during the event period.
Eligible users will earn 300 $COOK per $mETH. For net increments of less than 1 $mETH, users will earn 15 $COOK per 0.05 $mETH. Snapshots of the total $mETH amount will be taken at random times during the event period.
Please note the following calculation: Average amount of $mETH during the event period minus the amount of $mETH at the time of the snapshot equals the net $mETH increments.
Therefore, withdrawing or reducing the amount of $mETH during the event can affect the result.
Users who have net increments of a minimum of 0.05 $mETH on Mantle Network during the event period are eligible for referral rewards.
Every new qualified referee invited by you will earn you one (1) lottery ticket, capped at a total of 10 tickets.
A qualified referee refers to a user who has net increments of a minimum of 0.05 $mETH during the event period. Your referral code can be found on the Methamorphosis page; share your referral code or link to your referee and have them bind the referral code on the same page.
A total of 100 winners will be randomly selected from the pool of eligible referrers
Prize Distribution
Winners across both segments will be announced within 7 working days of the event's end date on Mantle's official social channels and blog.
Rewards will be sent to winners when $COOK's TGE launches. Please subscribe to @mETHProtocol and @0xMantle on X/Twitter for the latest updates.