Manta, a layer 2 module for ZK applications (Zero Knowledge Proofs, are a blockchain technology that uses cryptography to prove ownership of data without revealing the data itself), will be the 44th project on Binance Launchpool.
Users will be able to stake BNB and FDUSD in separate pools to farm MANTA tokens for two days, starting at midnight on January 16, 2024 (UTC).
What is MANTA?
Manta is a scalability project that aims to solve the congestion and high cost issues of blockchain networks. Use ZK-Rollups technology to create a scalable and secure layer 2 solution.
The native MANTA token will be used to pay fees on the network, to vote on governance proposals and to access exclusive features.
Launchpool
The official listing on Binance is expected two days later, i.e. on 01-18-2024 at 10:00 (UTC) with the opening of trading of the MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD and MANTA/TRY.
With a maximum supply of 1,000,000,000 MANTA Tokens, the Launchpool offers attractive rewards with a 3% distribution equal to 30,000,000 MANTA from the total supply.
The initial circulating supply amounts to 251,000,000 MANTA, representing 25.1% of the maximum token supply.
Users face a hard cap per pool, with 50,000 MANTA in the BNB pool and 12,500 MANTA in the FDUSD pool. Supported pools include BNB stakes and FDUSD stakes.
Distribution of MANTA farming
Total daily rewards: 15,000,000 MANTA
BNB Pool Daily Rewards: 12,000,000 MANTA
Daily prizes of the FDUSD pool: 3,000,000 MANTA
Conclusion
The birth of Manta represents not only an investment opportunity, but also a technological progress that pushes the cryptocurrency landscape towards new dimensions of efficiency and scalability.
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