What is Manta (MANTA) Coin? The 44th Project on Binance Launchpool!
Manta (MANTA), positioned as the 44th project on Binance Launchpool, stands out as a modular Blockchain utilizing zkEVM to create a new paradigm for Layer 2 smart contract networks. It serves as a gateway for Zero Knowledge (ZK) applications, acting as a Layer 2 network. In this article, we will explore what Manta is, the native asset MANTA coin, and how to acquire MANTA coin, addressing various questions related to its upcoming listing on Binance.
What is Manta?
Manta is a modular ecosystem for Web3. Users can create and deploy decentralized applications on Manta, based on Solidity, enjoying higher transaction speeds than Layer 1 networks and lower transaction fees than Layer 2.
Manta aims to establish a new paradigm for Layer 2 smart contract platforms, serving as a gateway for ZK-based applications. Manta Pacific focuses on continuously improving the user experience over time through the seamless integration of modular DA (Data Availability) and zkEVM, addressing usability concerns. Manta's mission is to facilitate the adoption of Web3 by providing an infrastructure environment that brings scalable use cases.
The protocol consists of four main components: collaborative modular data availability, unsupervised smart contracts, universal circuits, and zkEVM proof. Manta Pacific allows developers to leverage universal circuits, comprising pre-compiled ZK circuits for various use cases such as DeFi, GameFi, identity, and more. Transactions are verified cryptographically through zkEVM proof after being aggregated for cryptographic security.
MANTA Coin Review
MANTA coin serves as the native asset of Manta Network, catering to various purposes such as governance, staking, collator delegation, network fees, local liquidity, and collateral. MANTA coin holders can participate in network governance decisions and contribute to the overall security of Manta Atlantic by staking their MANTA coins.
Owners also have the option to delegate their assets to collators or run their own collators to secure the network. MANTA coin is designed to be used for paying Manta Atlantic transaction fees and as local liquidity and collateral in the Manta ecosystem.
As of January 16, 2024, the total supply of MANTA coin is 1 billion, and after the Binance listing, the circulating supply will be 251 million (25.10% of the total supply).
