Source: Binance official website Compiled by: Shan Oppa, Golden Finance
2024 At 20:00 on January 15th, Binance announced that the 44th phase of Binance’s new coin mining project - Manta (MANTA) has been launched. A modular layer-two solution (L2) for zero-knowledge proof (ZK) applications.
Users can register at 08:00 on January 16, 2024 (Eastern Eighth District time)Later, put BNB and FDUSD into the MANTA mining pool on the Launchpad website to get MANTA rewards. MANTA can be mined for a total of 2 days.
New currency listed
Binance will list Manta (MANTA) at 18:00 on January 18, 2024 (Eastern Eighth District time), and open MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/ In the FDUSD and MANTA/TRY trading markets, seed tag trading rules apply. For users who have previously received MA tokens on the Binance platform, Binance will automatically exchange your MA tokens for MANTA tokens at a 1:1 ratio.
Introduction to Manta (MANTA)
Token name: Manta (MANTA)
Maximum supply of tokens: 1,000,000,000 MANTA
Initial circulation: 251,000,000 MANTA (25.1% of the maximum supply of tokens)
Total mining amount: 30,000,000 MANTA (3% of the maximum supply of tokens)
Smart Contract details: MANTA Token (MANTA)
- < p style="text-align: left;">Restrictions: KYC required
Individual hourly mining hard cap
p>BNB mining pool: 50,000 MANTA
FDUSD Mining Pool: 12,500 MANTA
Mining Pool:
BNB Mining Pool (the website will be updated within five hours of this announcement before the mining activity opens): A total of 24,000,000 MANTA can be mined (accounting for 80%)
FDUSD Mining Pool (the website will be updated within five hours of this announcement before the mining activity opens): Total 6,000,000 MANTA can be mined (accounting for 20%)
Mining time: East Eighth District time, January 16, 2024 at 08:00 00 to 07:59 on January 18, 2024
Mining quota allocation in stages
Note: The above table uses UTC time every day, which is converted into East Eighth District time from 08:00:00 am on the same day to 07 am on the next day. :59:59.
Manta (MANTA) Research Report
- < p style="text-align: left;">Manta Network is a gateway for modular ZK applications that leverages modular blockchain and zkEVM to establish a new paradigm of L2 smart contract platforms.
Manta Pacific solves the availability problem through modular infrastructure design, allowing seamless integration of modular DA and zkEVM, thus increasing the The user experience continues to be enhanced over time.
MANTA is Manta Network's native utility token used for:
Proofreading commission: MANTA holders can choose to Entrust shares to a collator, or host MANTA with your own collator to ensure network security.
Governance: MANTA token holders can vote on network management decisions for Manta Pacific and Manta Atlantic.
Targeting: MANTA positioning helps ensure the overall security of the Manta Atlantic network.
Network usage fee: Manta Atlantic uses MANTA to pay transaction fees.
Native liquidity and collateral: MANTA tokens can be used as native liquidity and collateral in Manta ecosystem services Taste.
The agreement consists of the following The main parts that cooperate with each other are:
Modular Data Availability: Call data for each transaction is processed by Celestia, significantly reducing the cost of processing each transaction on Manta Pacific.
Permissionless smart contracts: Projects on Manta Pacific can be deployed using Solidity-based smart contracts that are compatible with the EVM environment.
Universal circuitry: Developers can build ZK-enabled applications using Manta Pacific's universal circuitry, which provides a universal preset Compile ZK circuit library, suitable for different use cases, including DeFi, GameFi, identity recognition, etc.
zkEVM proof: Use ZK proof to conduct batch verification of transactions to ensure encryption-level security.
The project has raised $60.4 million through private and public token sales. In the private token sale, 24.11% of MANTA tokens were sold at prices between $0.025 and $0.5/MANTA, while in the public sale, 8% of MANTA tokens were sold at $0.36/MANTA.
As of January XX, 2024, the total supply of MANTA is 1,000,000,000, and the circulating supply after listing is approximately 251,000,000 ( Approximately 25.1% of the total token supply).
Key indicators:Key indicators:
Token allocation:
Token issuance schedule:
Note: The total supply of MANTA at the creation stage is 1,000,000,000. Additional tokens will be issued under the "Estimated Validator/Emission Rewards" token distribution.
