The pie immediately broke the previous high, Ethereum's re-staking track attracted a lot of funds, and the memecoin of PEPE, DOGE and other tokens also soared, and the entire crypto market was filled with the smell of money! At present, the greed and fear index has reached 90, which belongs to the extreme greed range. The more carnival moments like this, the more important it is to remain cautious and calm, because fomo emotions to chase high is the easiest ** at the top of the mountain.
At this stage, a more cost-effective option is to settle down and ambush new projects. If the track, fundamentals, strength, gameplay, and popularity of the project are all available, you can try to participate in the empty or primary market.
Yesterday, I saw the news on Rhythm that "the Mantle Ecological Meme Project Puff Public Minting Activity has been officially launched", so I went to dig deeper. Based on three ideas, I also have a small amount of money to participate!
1.There is a certain amount of money involved, and there are also Twitter big V followers.
Meme combines gaming and stake
Puff is a very innovative way to play Memecoin that revolves around Mantle Staked Ether Meth. METH is the LSD token of the ETH re-staking protocol Mantle, whose TVL reached $1.8 billion and has been growing, with an ETH staking yield of 776% vs. 3With a 4% staking yield, the advantage goes without saying.
The gameplay portion of the puff is divided into six chapters, and over the next three months, users can participate in each chapter to get up to 6 mystery potion recipes, each of which can summon more puffs.
Each chapter also offers ways to earn the next potion and summon more puffs.
The genesis mint has been opened.
Puff's Genesis Mint runs from March 4 to March 7, for a total of 72 hours. Users can deposit METH on Ethernet or Mantle L2 and wait for allocation. Mainnet users who do not have METH can use ETH, WETH, USDC, USDT ZAP IN.
Genesis Mint raised a total of 5520 METH, with a maximum of 4 times over-raised, and a proportional distribution of PUFF after the end, which means that each user can guarantee at least 25% of the distribution.
ETH mainnet users can deposit 01-4 meth, mantle l2 users can deposit 005-2 meth, each address can only generate one potion. But it's okay to provide METH in both L1 and L2!
After the MINT ends, the user will receive the soulbound NFT potion in the Mantle L2 wallet, and the unallocated METH will be returned to the user's address. Holders can use their potions to summon puffs on it, and the exchange ratio of meth and puff is 1:42069.
After the end, the project team will deploy liquidity in the DeFi Met**erse, and users can start trading or participate in other DeFi activities.
Empty allotment. The total amount of puff is 888,888,888, of which 34% is used for empty canopy. 16% of this will be distributed to the community gradually, and METH holders on Mantle L2 will share the remaining 18% of the $puff to boost the growth of TVL.
This 18% will be divided into 6 empty puffs, that is, there are 6 snapshots, and each snapshot is 3% of the total amount of empty puff. The first snapshot has already been taken on February 11th, and METH holders will receive 3% of the empty stake in Genesis. The second snapshot will take a few weeks after the genesis mint.
An additional 1% of the PUFF will be donated to Mantle's core contributors in recognition of their work to expand Mantle's emerging ecosystem and community!
Genesis mint tutorial.
The tutorial uses eth mint on mainnet as an example.
If you use Mantle L2, you can use the official cross-chain bridge to get meth:
Get ETH Weth USDT USDC or METH ready and open the link:
Click Connect Wallet in the top right corner to connect your wallet. Then click the drop-down arrow next to meth and select the currency you want to use.
Here I choose according to my own situation, I chose ETH, and the system will automatically adjust the corresponding amount after choosing.
Fill in the quantity, click mint, wait for the wallet to pop up the confirmation box, and click confirm.
mint succeed.
Then wait for the distribution and trading after the end, as well as the gameplay of the second chapter. According to the arrangement of completing 6 chapters in three months revealed by the official page, it is about 15 days to end a chapter, and the pace is relatively fast. The last one can choose to continue holding the puff or burn it for a non-memecoin.
Write at the end. Really don't go all the way to **, go to fomo and anxiety lately. If you can't catch it, ignore it, and plan what you can catch it, the crypto market is really a comprehensive tempering of everyone from cognition to mentality to execution.
You can go to see more new tracks and new projects, these are the most explosive places. And to change the stereotype, memecoin's performance in this bull market is enough to show that the logic of the market is constantly changing, and it is possible to adjust in time to keep up with the trend so that you will not miss it.
In addition, this article only shares my own research and participation ideas on the project, and is not investment advice. Everyone's situation is different, please according to your own actual situation, dyor.