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.
Contents hide
1 What Is Manta Network?
2 What Are the Applications of MANTA Coin?
3 Key Takeaways
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.
What Are the 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.
• Users can acquire MANTA by registering on Binance, funding their account with cryptocurrency or fiat, and executing a trade in one of the available pairs.
To purchase MANTA coin, users need to sign up on Binance if they haven’t already. After completing registration and depositing funds into their Binance wallet, they can buy MANTA using any of the supported trading pairs. For instance, purchasing through the MANTA/USDT pair involves navigating to the trading interface, entering the desired amount, and confirming the transaction with a Buy MANTA order.