Manta Network was launched on HotsCoin on January 18. Manta Network is a multi-modular blockchain ecosystem based on zero-knowledge technology. Its two main networks are Manta Atlantic and Manta Pacific. Manta Atlantic is a zero-knowledge L1 chain running on Polkadot, bringing programmable privacy and identity to Web3 via zkSBT technology. Manta Pacific is a modular L2 ecosystem of EVM-native zero-knowledge applications, providing a scalable and cost-effective gas environment for applications. The network provides a unique experience for the development and adoption of next-generation Web3 applications through zero-knowledge encryption technology. Currently, MANTA is open for trading on HotsCoin.
key events
2023-09-12: Manta Network mainnet goes online.
2023-07-19: Manta Network completed US$250 million in Series A financing, with a valuation of US$5 billion.
2022-02-17: Manta Network completed strategic financing, the amount was not disclosed.
2021-10-20: Manta Network completed US$5.5 million in financing.
2021-02-02: Manta Network completed US$1.1 million in financing.
Ecosystem of Manta Network
Manta Network’s modular ecosystem provides an ideal environment for building scalable next-generation dApps. It currently offers two networks:
Manta Pacific: Modular L2 ecosystem for EVM-native ZK applications, providing a scalable and cost-effective gas expense environment.
Manta Atlantic: The fastest ZK L1 chain on Polkadot, introducing programmable ZK-powered on-chain identities and credentials via zkSBT.
Manta Network takes a modular approach to meet the ever-changing dApp market needs.
$MANTA Token Overview
Total supply: 1 billion $MANTA (initial issue 251,000,000).
Minting rate: 2% per year starting from Token Genesis.
Governance: $MANTA token holders have the right to vote on network governance decisions for Manta Pacific and Manta Atlantic.
Staking: Staking $MANTA contributes to the overall security of Manta Atlantic.
Network Fees: Manta Atlantic uses $MANTA to pay transaction fees.
Liquidity and Collateral: The $MANTA token can be used as native liquidity and collateral in the Manta ecosystem.
($MANTA) Token Economics
Token distribution
Public investors, private investors, strategic investors, institutional investors: 21.11%
Foundation Treasury: 13.50%
Team: 10.00%
Consultants: 8.10%
Ecosystem/Community: 21.19%
Estimated validator/emission rewards: 2% per year
Release schedule
Airdrop: 5.60%, the redemption period is 6 months.
New Paradigm (Airdrop 2): 6.5%
Basic rewards, special rewards, ecosystem incentives: 3%, 2%, 1.5% of the total supply
Binance Launch Pool: 3.00%
Public Offer: 8.00%
Private placement round: 12.94%
Strategic investors: 6.17%
Institutional investors: 5.00%
Ecosystem/Community: 21.19%
Foundation Treasury: 13.50%
Team: 10.00%
Consultants: 8.10%
Estimated validator/emission rewards: 2% per year
interoperability
The $MANTA token enables interoperability between Manta Atlantic and Manta Pacific, being locked and unlocked through the Celer Bridge’s liquidity pool.
Manta Network future outlook
Manta Network provides a solid foundation for the development of Web3 applications by providing modular L1 and L2 networking, as well as powerful $MANTA token economics. Its ambitious roadmap and emphasis on governance indicate that Manta Network is poised to become a key player in the blockchain ecosystem in the future. Investors and community members can share in the success of the Manta Network by participating in network governance, holding $MANTA, and leveraging its multifunctional nature.
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