Lock MNT and Claim Your Share of 1 Million INTX Tokens

05/30/243 min read

Mantleby Mantle



Mantle Rewards Station

Lock MNT and Claim Your Share of 1 Million INTX Tokens

Mantle is giving $MNT holders a chance to earn their share of 1 million INTX tokens through the Mantle Rewards Station. To participate, lock your $MNT on Mantle Network and earn your INTX rewards in the form of xINTX, the staked form of INTX, today!

Ahead of the much anticipated TGE of IntentX's utility token, INTX, Mantle has teamed up with IntentX to bring some of that hype to Mantle Network by giving users a chance to get their hands on xINTX.

Event Period

  • Official Lock-In Start Date: May 30, 2024, 10AM UTC
  • First Snapshot Date: May 31, 2024, 10AM UTC
  • Final Snapshot Date: June 30, 2024, 9.59AM UTC

How to Participate

  • Step 1: Head to the Mantle Rewards Station
  • Step 2: Connect your wallet and enter the amount of $MNT you'd like to lock
  • Step 3: Proceed to lock and start accumulating rewards

Users who already have $MNT locked in the Mantle Rewards Station don't need to do anything — they will automatically be included in the first snapshot on May 31, 2024, 10AM UTC. As always, participants are free to lock and unlock their $MNT at any point!

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xINTX Rewards

Users can lock $MNT to receive linear unlock rewards. The rewards are based on the amount of $MNT locked and are determined by hourly snapshots. Users can monitor the rewards they accrue on the rewards tab, which will be updated in line with the snapshots.

Users can start claiming their xINTX rewards once the rewards redemption window opens, and they have 30 days to do so.

  • Start of Rewards Redemption Period: July 15, 2024 10AM UTC
  • End of Redemption Period: Aug. 15, 2024 9:59AM UTC

As xINTX is the staked version of INTX, all rewards are claimable through the IntentX platform, and the final tokens claimable are subject to the IntentX team's announcement. The amount received may vary due to ratio changes. To stay up to date with the latest information regarding the rewards redemption process, please follow both Mantle and IntentX on X/Twitter.

Further Details on xINTX

As mentioned above, xINTX is the staked form of INTX, which rewards holders with a share of 85% of the platform's fees. This means that those who decide to lock their $MNT and accumulate xINTX will benefit from these rewards.

There is an early unstaking penalty associated with xINTX. Holders who unstake before the 16-week staking period will be penalized with a 25% unstaking fee, which decreases linearly over time. The 25% fee applies if you unstake immediately and reduces linearly to 0.5% over the 16 weeks. The 16-week staking period for the xINTX you earn through this campaign will begin once users claim their xINTX tokens. In addition to this, a minimum 1% redemption fee remains for all staked positions at and beyond the 16-week maximum maturity.

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