Upbit lists MNT and POKT! Mantle launches new staking reward of 2.5 billion Ethena shards

BitDAO’s Ethereum Layer 2 solution Mantle has attracted much attention since its launch in November last year. In the past week, Mantle’s ecological TVL increased by more than 13%, reaching US$828 million. Today, with the news that the token $MNT has been listed on the Korean exchange Upbit, Mantle has experienced huge gains, and market attention has increased again.

$MNT surged over 30% in half an hour

According to TradingView data, $MNT surged from $0.9366 to $1.306 around 12:30 today, an increase of 35.59%, setting a record high record. This move pushed $MNT’s market capitalization to more than $3.89 billion, successfully ranking among the top 39 in market capitalization rankings.

It fell slightly before the deadline, and the price was temporarily reported at $1.1991, still up nearly 30% in the past 24 hours. The current volatility is intense, and investors need to be aware of risks.

Upbit lists $MNT and $POKT

Upbit announced that it is expected to open $MNT trading before 5 pm today, supporting Korean won and Bitcoin Coin and USDT spot trading pairs. Deposits are limited to the Ethereum network.

In addition, Upbit also listed the Korean won and Bitcoin trading pairs of POKT Network ($POKT) today. The rise in $POKT is even more astonishing, rising by more than 90% in the past 24 hours, breaking through $0.37.

In fact, this is not the first time that South Korean currency speculators have driven market hot spots. South Korea has restarted national currency speculation movements many times since the end of June last year, starting from Pyth, Bitcoin Cash (BCH), STORJ 1inch has become the country's main trading pair, and these tokens have also surged due to the hype.

Stake $MNT to earn Ethena 2.5 billion shard rewards

It is worth mentioning that the substantial growth of Mantle TVL may be related to the official staking reward event opened on the 25th. According to the announcement, Mantle has launched a new Mantle Rewards Station to incentivize $MNT stakers and provide them with exclusive rewards from the Mantle ecosystem. The first reward event is Ethena’s 2.5 billion Shards reward. , which lasts until April 25, has attracted more than 34 million $MNT pledges. Participants will receive Ethena shards in the form of mShards, which will be exchanged for Ethena’s native token $ENA in the future.

You may be wondering where these fragments come from? Mantle has a strong treasury, and these fragments are the profits obtained through the operation of its own treasury. With its deep financial resources, Mantle earns income from various crypto market activities and then distributes it to the community (stakeholders, etc.), which may become a model for other projects to follow.

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