1/ 🪂It has been brought to our attention that there is some confusion surrounding our @terra_money $Luna #Stakedrop campaign; on how to stake & complete the quiz.
📚We prepared a thread walking you through how to participate to receive your $MNTL stakedrop.
(Thread)
2/ $LUNA staking issue.
Terra does not have native @keplrwallet integration, staking from the wallet is not possible. To properly stake, use #Terrrastation wallet:
♦️ A) Import the Keplr mnemonic to TerraSation.
♦️ B) Create a new TerraStation wallet.
3/ Proceeding with option "A".
Users who choose this option will have a swift resolution because importing a mnemonic phrase makes your funds accessible within Terra Station wallet (which is capable of staking $LUNA).
🚨Users who choose this option will be able to stake, but will still encounter difficulties when attempting to complete the quiz.
5/ Address mismatch.
Option "B" will result in an address mismatch; meaning your TerraSation wallet (the wallet you staked from) and your Keplr wallet (the wallet used for signing the quiz) are different.
🚨It is impossible to reconcile the separate addresses for this Stakedrop
6/ Mismatched addresses receive 60%.
Users who choose option "B" & do not complete the quiz (due to the mismatch addresses) will still be eligible to receive 60% of the total $MNTL rewards.
💰The remaining 40% is via the quiz mechanism, which is only supported by Keplr signing.
7/ To get around this issue and receive 100% of rewards, users can import the mnemonic of Terra Station to Keplr wallet.
ℹ️For a detailed guide on how to complete this, please refer to @chainapsis' step-by-step tutorial:
Launching $MNTL tokenomics for the Mantle Army.
A 🧵-
2/6 $MNTL Token Utility-
The $MNTL token will govern & can be staked for MantleChain security. It supports the MantlePlace transactions: minting, trading, royalties, & fees. The token will help bootstrap genesis creators, provide liquidity & enable retroactive rewards & airdrop
3/6 Governance-
On-chain governance proposals can be created through the $MNTL token & holders can vote on proposals with their staked $MNTL.