Finally the wait is over as Manta Network has announced New paradigm rewards for NFT holders. Users can claim Manta tokens based on NFTs by tomorrow 18 january before the listing. Remember that users will have to burn nfts in order to claim manta token rewards.
The maximum Manta token allocation was given to the Tier1 Backers which is totally surprising to see. This is not something which was promised.
Tier1 Backer NFT is the cheapest one from the New Paradigm collection. Team did not distributed rewards the way they promised. Those users who got NFTs for staking ethereum are happy while those who bought nfts from the market are disappointed as they are feeling rugged.
Leet codes NFT got 60 manta tokens per nft which is not good at all if you bought the nfts. People are selling leet codes as they are thinking that it not worth to burn NFTs for manta rewards. As a result the floor price has dropped a lot.
Leet code NFT was trading above $2k but it is now dropped below $500 which is disappointing to see. On the other hand there are users who sold NFTs before , they are happy to print profits.
I have 52 Manta available for claim based on NFTs that i hold. These includes 2 Secure multisig , 1 leaderboard scores and 4 Tier1 Backers . I bought 4 Tier 1Backets NFTs for $20 which gave me 24 manta while on the other hand i bought 2 secure multisig NFTs for $60 which got me only 20 manta. It doesnt make sense . This is totally unfair.
The expensive NFTs should have gotten more allocation than cheap ones. Current allocation by manta team is very disappointing and unfair. Maximum users are feeling rugged.
I staked Ethereum late this is why i didnt get any free nft and i had to buy from the market. Well , the final profit or loss will be determined tomorrow when the listing will happen. As i have 52 Manta tokens available to claim and i spent $100 to buy NFTs it means Manta token should be priced above $2 in order to have my investment back or to take some profit.
There will be total of 250 million manta in circulation from 1 billion. The listing will happen tomorrow for manta token on binance and some of major exchanges including bybit.
I am hoping to atleast get back my investment as the project didnt come to my expectation. The team didnt delivered what was promised and it will really hurt the project. People Are already frustrated on the team in their discord group.
There is no response from the team came yet on this matter. The team should reward those who paid big fees to bridge ethereum to manta pacific. There are many uses who got nothing. While the team earlier said that bridged wallet addresses will be eligible for the airdrop.
Hope the Manta Team will come up with compensation plan for its community.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
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