crypto exchange Binanceannounced Manta (MANTA), a modular L2 for ZK applications, its 44th project on Binance Launchpool. Manta is a platform that enables developers to build and distribute ZK applications and dapps on Ethereum with low fees, high scalability, and developer-friendly features.
What is a manta?
Koinfinans.com As we reported, Manta Network is a modular ecosystem for web3. Users can build and deploy Solidity-based decentralized applications on Manta and leverage the technology to deliver faster transaction speeds than an L1 and lower gas costs than an L2.
Manta Network’s mission is to drive web3 adoption by providing an infrastructure environment that brings real and scalable use cases to 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. This modularity enables agile and flexible improvement at the infrastructure level to continuously deliver new features and services that enable better user experiences. Manta offers faster transaction speeds than any L1 and lower gas costs than any L2.
Some of the highlights of Manta Network include:
- Generalized ZK: Manta’s first network, Manta Pacific, provides a library of generalized ZK circuits that provide any Solidity developer with the tools necessary to create ToM-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 cheapest L2 to operate on. Modular DA significantly reduces gas costs for the user by separating call data.
- Type 1 zkEVM: Manta Pacific uses Polygon CDK to deliver Type 1 zkEVM, which provides a native EVM experience on L2.
- Unauthorized: Manta Pacific is a public L2 that gives developers equal opportunity to build and distribute scalable applications.
- Local Yield: Manta Pacific offers local yield support for ETH and USDC-based tokens.
How to Join Manta Launchpool?
manta Users interested in can participate in the Launchpool event, which will start on January 16 and last for two days on Binance. Users will be able to stake their BNB and FDUSD in separate pools to collect MANTA tokens. Launchpool details are as follows:
- Token Name: Manta (MANTA)
- Maximum Coin Supply: 1,000,000,000 MANTA
- Launchpool Token Rewards: 30,000,000 MANTA (3% of maximum token supply)
- Initial Circulating Supply: 251,000,000 MANTA (25.1% of maximum token supply)
- Smart Contract Details: MANTA Token (MANTA)
- Staking Conditions: KYC required
- Per User Hourly Hard Cap: 50,000 MANTA in BNB pool, 12,500 MANTA in FDUSD pool
- Supported Pools: Stake BNB: 24,000,000 MANTA (80%) as reward, Stake FDUSD: 6,000,000 MANTA (20%) as reward
- Farming period: 01-16-2024 – 01-17-2024.
- MANTA Farming Breakdown: 15,000,000 MANTAs per day, 12,000,000 MANTAs for BNB pool and 3,000,000 MANTAs for FDUSD pool.
Binance will list MANTA on January 18 and make it available for trading with trading pairs MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD and MANTA/TRY. Seed Label will be applied to MANTA. This means that users who purchase and hold MANTA will be eligible for future airdrops from Manta Network.