The pancake is about to break the previous high, and Ethereum's re-staking track has attracted a large amount of funds. Memecoins such as PEPE and DOGE have also skyrocketed, and the entire cryptocurrency market is filled with the taste of money! Currently, the greed and fear index has reached 90, which belongs to the extremely greedy range. The more festive the moment, the more cautious and calm you should be, because chasing highs out of FOMO emotion is the easiest way to get trapped at the peak.
At this stage, a cost-effective choice is to settle down and ambush new projects. When the project has a track, fundamentals, strength, gameplay, and popularity, you can try participating in airdrops or primary markets.
Yesterday, I saw the news on Lüdong that the "Mantle ecosystem Meme project Puff public casting event has officially started", so I did some digging. Based on three ideas, I also participated with a small amount of funds!
Memecoins are currently the hottest track and the track with the strongest wealth effect. I dare not go up after rising many times, but it is worth trying a new project at the primary level;
The Puff gameplay design is quite innovative, with airdrop distribution to create popularity, including airdrops to the community and airdrops to some on-chain users;
There is a certain amount of funds participating, and there are Twitter influencers paying attention.
Meme combined with games and Stake
Puff is a very innovative Memecoin gameplay centered around Mantle Staked Ether → mETH. mETH is the LSD Token of the ETH re-staking protocol Mantle. Mantle's TVL has reached 1.8 billion US dollars and has been growing. The staking yield of ETH is 7.76%, which is advantageous compared to Lido's staking yield of 3.4%, needless to say.
The game part of Puff is divided into six chapters. In the next three months, users can participate in each chapter to obtain up to 6 mysterious potion recipes, and each recipe can summon more Puff.
Each chapter also provides methods to earn the next potion and summon more Puff.
Genesis Mint has started
Puff's Genesis Mint started on March 4th and will end on March 7th, a total of 72 hours. Users can deposit mETH on the Ethereum mainnet or Mantle L2 and wait for distribution. If mainnet users do not have mETH, they can use ETH, WETH, USDC, USDT Zap in.
Minting address:
https://puffthedragon.xyz/mintpotion
A total of 5520 mETH was raised in the Genesis Mint, allowing up to 4 times oversubscription. After the end, Puff will be distributed proportionally, which means that each user can guarantee at least 25% allocation.
ETH mainnet users can deposit 0.1-4 mETH, and Mantle L2 users can deposit 0.05-2 mETH. Each address can only generate one potion. But providing mETH in both L1 and L2 at the same time is also possible!
After the Mint ends, users will receive NFT potions bound to their Mantle L2 wallet, and the undistributed mETH will be returned to the user's address. Holders can use their potions to summon Puff on www.puffthedragon.xyz, and the exchange ratio between mETH and Puff is 1:42069.
Afterwards, the project will deploy liquidity in the Defi Metaverse of www.methlab.xyz, and users can start trading or participate in other DeFi activities.
Airdrop distribution
Puff has a total supply of 888,888,888, of which 34% is allocated for airdrops. Among them, 16% will be gradually distributed to the community, and the remaining 18% of $Puff will be shared by mETH holders on Mantle L2 to promote TVL growth.
This 18% will be airdropped in six snapshots, with each snapshot airdropping 3% of the total Puff supply. The first snapshot was taken on February 11th, and mETH holders will receive a 3% airdrop in Genesis. The second snapshot will take place in the weeks following the Genesis Mint.
In addition, 1% of Puff will be donated to Mantle's core contributors to recognize their work in expanding the Mantle emerging ecosystem and community!
Genesis Mint Tutorial
The tutorial uses ETH Mint on the mainnet as an example
If using Mantle L2, you can use the official cross-chain bridge: https://bridge.mantle.xyz/
Get mETH:
https://www.mantle.xyz/zh/meth
Prepare ETH/WETH/USDT/USDC or mETH, open the link:
https://puffthedragon.xyz/mintpotion
Click "Connect Wallet" in the upper right corner to connect your wallet. Then click the dropdown arrow next to mETH and select the currency you want to use.
Choose according to your own situation here. I chose ETH, and after choosing, the system will automatically adjust the corresponding quota.
Fill in the quantity, click Mint, wait for the wallet to pop up a confirmation box, and click confirm.
Mint successful
Then wait for the distribution and trading after the end, as well as the gameplay of the second chapter. According to the arrangement revealed on the official website, each chapter will last about 15 days, and the pace is relatively fast. Finally, you can choose to continue holding Puff or destroy it for a non-MemeCoin.
In conclusion
Recently, don't keep looking at the market, FOMO, and anxiety. Ignore what you can't catch, plan well for what you can catch. The cryptocurrency market is really a comprehensive exercise for everyone from cognition to mentality to execution.
You can take a look at new tracks and new projects, which are the most explosive places. And change the stereotype. The performance of Memecoins in this bull market is enough to show that the market logic is constantly changing. Only by adjusting in time and keeping up with the trend can you not miss out.
In addition, this article only shares my research and participation ideas for the project and is not investment advice. Everyone's situation is different, so please do your own research based on your actual situation.
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