Upcoming Manta Token Listing on Binance

Manta Network, recognized as the 44th project featured on Binance Launchpool, is poised to officially list its native token, MANTA, on Binance beginning January 18, 2024. This project aims to introduce an innovative Layer 2 network that acts as a gateway specifically designed for zero-knowledge (ZK) applications. The use of a modular blockchain alongside zkEVM technology marks a significant evolution in the functionality of Layer 2 smart contract platforms.

Understanding Manta Network and Its Functionality

Manta Network offers a sophisticated modular ecosystem created for Web3 environments, empowering developers and users to efficiently design and implement Solidity-based decentralized applications (dApps). One of the standout features of this platform is its ability to deliver faster transaction speeds than traditional Layer 1 networks while also providing lower transaction fees compared to other Layer 2 alternatives. By utilizing Celestia (TIA) for modular data availability, Manta Network effectively reduces overall transaction costs, making it economically attractive for users.

Benefits of MANTA Coin and Its Uses

MANTA coin functions as the primary cryptocurrency within the Manta Network, taking on multiple roles including governance participation, staking opportunities, collator delegation, and serving as the medium for network fees, native liquidity, and collateral. Token holders are given the opportunity to partake in governance decisions for both Manta Pacific and Manta Atlantic projects. Furthermore, they can stake their MANTA coins to bolster network security and utilize their assets for transaction fees and other financial interactions within the Manta ecosystem.

Essential Details About MANTA Coin

• As of January 16, 2024, the total supply of MANTA coins stands at 1 billion.
• The circulating supply at the time of the Binance listing will be 251 million, accounting for approximately 25.10% of the total supply.
• MANTA will be available for trading in various pairs, including MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY on Binance.
• To secure MANTA, users must register on Binance, fund their account, and initiate a trade using one of the available pairs.

How to Purchase MANTA Coin

To acquire MANTA coins, individuals who have not yet registered on Binance will first need to do so. After concluding the registration process and successfully depositing funds into their Binance wallet, buyers can purchase MANTA through any of the supported trading pairs. For example, to buy MANTA using the MANTA/USDT pair, users simply navigate to the trading interface, specify the quantity they wish to purchase, and confirm the transaction by placing a Buy MANTA order.

In my opinion, Manta Network’s approach to enhancing transaction efficiency and lowering costs with its innovative features makes it a promising addition to the crypto landscape. Being part of the evolving Web3 ecosystem, MANTA coin has significant potential. I encourage readers to share their thoughts on this development and engage in discussions about the future of such projects in the cryptocurrency arena.