Manta, the 44th project featured on Binance Launchpool, is set to list its native token MANTA on Binance starting January 18, 2024. The project introduces a Layer 2 network designed as a gateway for zero-knowledge (ZK) applications, utilizing a modular blockchain and zkEVM to redefine Layer 2 smart contract platforms.
What Is Manta Network?
Manta Network is a modular ecosystem tailored for Web3, enabling users to create and deploy Solidity-based decentralized applications. The platform offers enhanced transaction speeds compared to Layer 1 networks and reduced fees relative to other Layer 2 solutions. By processing call data through Celestia (TIA) under its modular data availability, Manta significantly lowers transaction costs.
Applications of MANTA Coin
MANTA coin serves as the native asset of the Manta Network, fulfilling roles in governance, staking, collator delegation, network fees, native liquidity, and collateral. Holders can participate in governance decisions across Manta Pacific and Manta Atlantic, stake their coins to contribute to network security, and use MANTA for transaction fees and as collateral within the ecosystem.
Key Takeaways
• Total supply of MANTA coin is 1 billion as of January 16, 2024. • Circulating supply at the time of Binance listing will be 251 million, representing 25.10% of the total supply. • MANTA will be tradable in pairs including MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY on Binance.
The launch of Manta Coin on Binance marks a significant event for the Manta Network ecosystem. It opens up new opportunities for users and investors who can participate in network governance, enhance its security, and utilize the coins for various purposes within the ecosystem.
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