A quick look at Binance’s latest Launchpool project Manta (MANTA)

At 20:00 on January 15, 2024, Binance announced that the 44th project of Binance New Coin Mining - Manta (MANTA) has been launched . A modular second-layer solution (L2) for zero-knowledge proof (ZK) applications.

Users can invest BNB and FDUSD into the MANTA mining pool on the Launchpad website after 08:00 (GMT+8) on January 16, 2024 to receive MANTA rewards. MANTA can be mined for a total of 2 days.

New Coin Listing

Binance will list Manta (MANTA) at 18:00 (ET) on January 18, 2024 , and open MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD and MANTA/TRY trading markets, with seed tag trading rules applicable. 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.

About Manta (MANTA)

• Token name: Manta (MANTA)

• Maximum Token Supply: 1,000,000,000 MANTA

• Initial circulation: 251,000,000 MANTA (25.1% of the maximum token supply)

• Total mining volume: 30,000,000 MANTA (3% of the maximum token supply)

• Smart Contract Details: MANTA Token (MANTA)

• Restrictions: KYC required

• Individual hourly mining hard cap

• BNB mining pool: 50,000 MANTA

• FDUSD Pool: 12,500 MANTA

Mining Pools:

• BNB Mining Pool (the website will be updated within five hours of this announcement and before the mining activity starts): 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 and before the mining activity opens): A total of 6,000,000 MANTA can be mined (accounting for 20%)

• Mining time: 08:00 on January 16, 2024 to 07:59 on January 18, 2024, GMT+8

Mining quota phase allocation

Note: The above table uses UTC time every day, which is converted into GMT+8 time from 08:00:00 am on the same day to 07:59:59 am the next day.

Manta (MANTA) Research Report

• Manta Network is a gateway to modular ZK applications that establishes a new paradigm for L2 smart contract platforms using modular blockchains and zkEVM.

• Manta Pacific solves the usability issue through a modular infrastructure design, allowing modular DAs and zkEVM to integrate seamlessly, thereby continuously enhancing the user experience over time.

• MANTA is the native utility token of the Manta Network and is used to:

• Proofreading Delegation: MANTA holders can choose to entrust their holdings to a collation provider, or entrust MANTA to their own collation provider to ensure network security.

• Governance: MANTA token holders can vote on network management decisions for Manta Pacific and Manta Atlantic.

• Scaling: MANTA positioning helps ensure the overall security of the Manta Atlantic network.

• Network usage fees: Manta Atlantic uses MANTA to pay transaction fees.

• Native Liquidity and Collateral: MANTA tokens can be used as native liquidity and collateral across Manta ecosystem services.

• The protocol consists of the following main parts that work together:

• 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 Circuits: Developers can build ZK-enabled applications using Manta Pacific’s Universal Circuits, which provides a universal library of pre-compiled ZK circuits for different use cases including DeFi, GameFi, identity, and more.

• zkEVM Proofs: Use ZK Proofs to batch verify transactions once to ensure cryptographic 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 a price of $0.025 to $0.5 per MANTA, while in the public sale, 8% of MANTA tokens were sold at a price of $0.36 per 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 Metrics:

Token Allocation:

Token issuance schedule:

NOTE: The total supply of MANTA at the genesis phase is 1,000,000,000. Additional tokens will be issued under the "Estimated Validator/Emission Rewards" token allocation.