Keeping up with this trend, L2 modular blockchain network Manta Network announced a surprise partnership with the popular Solana-based meme coin Bonk (BONK). This partnership aims to expand Manta Network’s user base and integrate meme coin enthusiasts into blockchain technology.

According to the press release shared by Manta Network with crypto.news, the partnership will benefit from BONK’s community building ability. In this way, it is aimed to make Manta Network’s onboarding process easier and more interesting for new users. This may contribute to both the increased use of Manta Network and the influx of new users into the cryptocurrency market.

To celebrate the collaboration, Manta Network has launched a new rewards program on the Manta Pacific platform. Manta Pacific is described as a modular L2 ecosystem designed for EVM-compatible zero-knowledge applications. This new award program consists of two main titles: “Dual Citizenship” and “Active Participant Awards”.

The Dual Citizenship program is for users who actively participate in both the BONK and Manta Network communities. Those who participate in this program will have the chance to win rewards from the pool of up to 690,000 MANTA tokens.

However, there are some criteria to benefit from this program. Users are required to stake at least 1 million BONK tokens and hold any amount of ETH or MANTA in their Manta Pacific wallet.

Additionally, the reward amount will also vary depending on the duration of staking of BONK tokens. Longer-term staking offers participants the opportunity to earn higher rewards. In this way, it is aimed for users to spend more time on the platform and to increase the value of MANTA tokens.

The Active Participant Awards program appeals directly to BONK enthusiasts. Within the scope of this program, Bonk users can earn rewards by engaging in various on-chain activities within the Manta Pacific ecosystem. These activities include trading on the Gull Network, playing games developed by Elfin Games, and participating in new meme coin launches.

The Manta Pacific platform, offered by Manta Network, aims to reduce gas fees and improve user experience. This platform uses Universal Circuits technology and integrates Celestia’s data availability solutions. Thus, it makes cryptocurrency transactions faster and more efficient by providing an environment optimized for zero-knowledge applications.

The partnership between Bonk and Manta Network officially started on July 10, 2024. Participants were given a 30-day period to verify their eligibility for MANTA awards. This partnership could be the beginning of a new era for the cryptocurrency market. The combination of the fun nature of meme coins and the innovative potential of blockchain technology may pave the way for the widespread use of cryptocurrency.

This move by Manta Network comes after the Manta Foundation recently established a $50 million ecosystem fund. This fund aims to support innovative projects in the web3 field and contribute to the development of the Manta Network ecosystem.

The news of the partnership has not yet led to a significant increase in the price of the MANTA token. MANTA has been trading at $0.8726 in the last 24 hours. However, some analysts predict that this partnership could cause a potential rise in MANTA price and reach $10 in the near future. In the coming period, the reaction of the market and the interest of users in this partnership will determine the price of the MANTA token and the future of Manta Network.