GMento, this is Victoria from Mento Labs sharing a report on the MiniPay airdrops and incentive campaigns.
The first MiniPay MENTO airdrop campaign started on Nov 15, 2024, with the end date either being January 15, 2025 or when the full budget of 10m MENTO is exhausted. MiniPay users were rewarded in MENTO for holding and transferring cUSD.
The MENTO MiniPay airdrop has seen overwhelming participation from our community, reaching our maximum allocation of 10m MENTO on December 30, 2024. Due to this incredible response, we finalized the snapshot of eligible claims as of December 30, 2024, when total allocations reached approximately 9.99m MENTO.
What this means for users:
- All eligible claims established before this snapshot will be honored
- The airdrop eligibility is now locked, reflecting the final state as of December 30, 2024
- Additional transfers or holdings after this date won’t affect allocation amounts
We’re incredibly grateful for the enthusiastic participation from our community, which helped us reach this milestone ahead of schedule.
Campaign results:
- 75% increase in DAU
- 250% increase in p2p transactions
Impact on the Mento Community:
The allocation of MENTO to MiniPay users aims to reward early users of cUSD, to incentivize MiniPay users to become active members of the Mento Community, and to encourage their participation in Mento Governance to help shape the future of the Mento Platform. With more than 4m users in over 60 countries, the MiniPay user base continues to grow. In addition to the Mento dApp in MiniPay, Mento is launching a “learn and earn” campaign for MiniPay users to educate them on the benefits for MENTO holders and participating in Mento Governance.
Thank you for being part of this successful campaign! Follow @MentoLabs for future updates.