The Complete Guide to Mantle Eco Meme Project Puff

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2024-03-04 22:04

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Overview

Puff is the Mantle ecosystem for the mETH community Meme Coin Project. As the leading Ethereum pledged derivative token, mETH’s current TVL exceeds $1.8 billion.

How to Get PUFF: March 4-7 is the minting date for Puff’s Genesis NFT. Users can use 0.1-4.0 mETH to mint a Mystic potion NFT on the official website Ethereum mainnet, or on Mantle L2 Use 0.05-2.0 mETH to mint a Mystic Potion NFT.

After the minting is completed, users can use the soul-bound NFT to receive PUFF tokens at a ratio of 42,069 PUFF per mETH.

Puff’s story will interact with the community through 6 Defi interactive chapters.

Users who participate in the above interactions can earn more than 5 mysterious potion recipes and summon more PUFF tokens.

How to participate after the creation of coins:

1. Trade through the on-chain PUFF/mETH liquidity pool;

2. ETH Airdops: mETH holders on Mantle will receive 3% of the supply of PUFF, Airdrops are divided into six chapters, accounting for 18% of the total;

3. Community airdrops: Each chapter will also provide PUFF holders with ways to earn Next Potion and Summon More PUFF

Project Introduction

What is PUFF ?

Puff is an innovative memecoin - one that will redefine the category.

Puff is based on the Ethereum "mETH" pledged on Mantle.

mETH is the leading ETH staking protocol, with a TVL of $1.8 billion and growing.

Users can Earn PUFF by using mETH to mint Mystic Potion between March 7th. They can be L1 or cast on L2.

Mint will end soon Establishing a large AMM pool, users will be able to redeem PUFF on the open market.

In addition, mETH holders of the Mantle network (snapshotted on February 11th) will receive a 3% PUFF airdrop and some core contributions to Mantle Provides 1% airdrop. This will mark the first chapter - the origin of Puff.

Next, the Puff community will experience a 6-chapter DEFI interactive story. Each chapter over several months will present a piece of the puzzle and give Puff lasting There is an opportunity to earn more tokens.

Puff’s Story

Puff is a dragon that resonates with the crypto community , he is half black (representing chaos) and half golden (representing law).

The origin of Puff occurred in a secret mETH laboratory, when mETH chefs, driven by greed, tried to increase the production of mETH crystals too much . His dual character emerged from this—partly greed in pursuit of high returns, and partly in order to reasonably pledge safety.

His story will unfold through 6 chapters, and the video storyline will unfold along the journey.

Minting the Mysterious Potion of Creation: March 4-7

After the Minting Ends , users can obtain soul-bound NFT potions, while unallocated mETH is returned to their address on L2. Distribution of potion strength will be done proportionally based on mETH investment. The allocation ratio of mETH deposited by users is guaranteed to be at least 25%.

Minting requires mETH, but the UI for L1 minting will also allow for other assets (e.g. ETH, USDC, USDT).

For users minting on Mantle, mETH is required.

For L1, it can be purchased using mETH, ETH, USDC or USDT at prices ranging from 0.1 to 4mETH. It is also possible to participate in L2 minting using only mETH, with fees ranging from 0.05-2mETH.

Mysterious Potion is a Soul-Bound NFT token issued on Mantle L2. Users can use "Summon", that is, exchange NFT for PUFF: 1 mETH The potion generates 42069 PUFF.

Chapter 1 Minting will be open on Ethereum and Mantle for 72 hours (Monday, March 4 to Thursday, March 7).

Total mETH allocation for Creation Potion: 5,520 mETH.

Allocation process description:

The minting contract will receive mETH deposits throughout the minting period, but only a maximum of 5,200 mETH will be allocated. In the event of over-subscription, allocations will be prorated.

Example: Alice deposits 4 mETH on L1 during the minting period. By the time the sale ended, the mint was oversubscribed by 2x, or 7360 mETH, during this period. Alice will receive 2 mETH for the final distribution of her Mystery Potion NFT strength and 2 mETH returned to her L2 address.