COOK

Mantle announced a series of important updates regarding the distribution of the $COOK token and the Puff project. Read this article to find out more!

$COOK Token Distribution and Puff Project 

<img src="https://static.bittime.com/cms-static/upload/COOK_Token_Distribution_ed46f0701d.webp" alt="$COOK Token Distribution" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Mantle announced a series of important updates regarding the distribution of the $COOK token and the Puff project, a meme coin in the Mantle ecosystem. This update includes details of token distribution, NFT issuance, and tokenomics adjustments.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">$COOK Token Distribution</h2><img src="https://static.bittime.com/cms-static/upload/PUFF_8f41968b42.webp" alt="Distribusi Token COOK" width="692" height="392">Source: Techflowpost.comOne of the highlights of this latest announcement is the distribution of $COOK tokens. The total supply of $COOK is 5 billion tokens, and as much as 15% of this amount will be distributed in various ecosystem development campaigns. Following are the details of the $COOK token distribution.<ol style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Puff Community: The Puff community will receive a total of 6% of the total $COOK tokens. 5% will be distributed generally and 1% will be given to Puff NFT holders.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">MNT Strikers: A total of 4% of $COOK tokens will be distributed to users who lock their MNT tokens at Mantle Rewards Station.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Season 1 Methamorphosis: 5% of $COOK tokens will be distributed to Season 1 participants from Methamorphosis.</li></ol>&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?=cn400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">NFT Puff Minting</h2>To further strengthen the community, Puff will launch NFT issuance on July 29. A total of 8,888 NFTs will be minted, including 8,487 classic NFTs and 301 legendary NFTs. This is an important step in providing added value and incentives to community members participating in the Mantle ecosystem.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Tokenomics Adjustment</h2>Puff also announced several important adjustments in tokenomics, which include airdrops and token conversion mechanisms.<ol style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Last Airdrop: A final airdrop of $25 million in Puffs has taken place, with $21 million allocated to Potions and $4 million to Vials.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Token Locking: A total of 300 million Puff tokens, which is 1/3 of the total supply, will be locked indefinitely.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">$Puff Conversion Mechanism: Users have the option to convert their $Puff tokens to $COOK, or keep holding $Puff. This mechanism provides flexibility to users in managing their assets in the Mantle ecosystem.<meta charset="utf-8"></li></ol><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. 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Mantle Announces $COOK Token Distribution and Puff Project