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Binance Launches Manta (MANTA) On Its 44th Project In Binance Launchpool

Binance has announced its 44th project on Binance Launchpool, Manta (MANTA), a modular L2 for ZK applications. Manta is a platform that enables developers to build and deploy ZK applications and dapps on Ethereum with low fees, high scalability and developer-friendly features.

What is Manta?

Manta Network is the modular ecosystem for web3. Users can build and deploy any Solidity-based decentralized applications on Manta and leverage its technology stack to deliver faster transaction speeds than an L1 and lower gas cost than an L2.

Manta Network’s mission is to drive web3 adoption by offering an infrastructure environment that brings real and scalable use cases to the market.

Manta’s modular infrastructure stack allows it to leverage best-in-class emerging technologies including Celestia for DA, Polygon CDK for zkEVM, yield-bear native assets, and more innovations in the future. That modularity enables agile and flexible improvement on the infrastructure level to continuously deliver new features and services that provide better user experiences on the infrastructure level. Manta offers faster transaction speeds than any L1 and lower gas costs than any L2.

Some of the key highlights of Manta Network are:

  • Generalized ZK: Manta Pacific, the first network of Manta, offers a library of generalized ZK circuits that gives any Solidity developer the tools necessary to build ZK-enabled applications by adding just a few lines of code to their existing contracts.
  • Modularized Call Data: Manta Pacific leverages Celestia to enable modular DA, making it the most inexpensive L2 to perform transactions on. Modular DA separates the call data, reducing gas costs significantly for the user.
  • Type 1 zkEVM: Manta Pacific uses Polygon CDK to offer a Type 1 zkEVM, which offers a native EVM experience on L2.
  • Permissionless: Manta Pacific is a public L2, which gives developers equal opportunity to build and deploy scalable applications.
  • Native Yield: Manta Pacific offers native yield-bearing support for ETH and USDC based tokens.

How to participate in Manta Launchpool?

Users who are interested in Manta can participate in the Launchpool event on Binance, which will start from 2024-01-16 00:00 (UTC) and last for two days. Users will be able to stake their BNB and FDUSD into separate pools to farm MANTA tokens. The Launchpool details are as follows:

  • Token Name: Manta (MANTA)
  • Max Token Supply: 1,000,000,000 MANTA
  • Launchpool Token Rewards: 30,000,000 MANTA (3% of max token supply)
  • Initial Circulating Supply: 251,000,000 MANTA (25.1% of max token supply)
  • Smart Contract Details: MANTA Token (MANTA)
  • Staking Terms: KYC required
  • Hourly Hard Cap per User: 50,000 MANTA in BNB pool, 12,500 MANTA in FDUSD pool
  • Supported Pools: Stake BNB: 24,000,000 MANTA in rewards (80%), Stake FDUSD: 6,000,000 MANTA in rewards (20%)
  • Farming Period: 2024-01-16 00:00 (UTC) to 2024-01-17 23:59 (UTC).
  • MANTA Farming Distribution: 15,000,000 MANTA per day, 12,000,000 MANTA for BNB pool and 3,000,000 MANTA for FDUSD pool.

When and where to trade Manta?

Binance will list MANTA at 2024-01-18 10:00 (UTC) and open trading with MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD and MANTA/TRY trading pairs. The Seed Tag will be applied to MANTA, which means that users who buy and hold MANTA will be eligible for future airdrops from Manta Network.

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