Binance, the largest cryptocurrency exchange by volume, has now announced its 44th exciting update. A new altcoin is coming, and those who meet the staking requirements will be entitled to receive a certain amount of it. Considering the performance of Launchpad tokens, this could be one of the assets to watch out for in the next bull season.
Manta (MANTA) Coin
Binance has announced Manta, a modular layer2 solution for ZK applications. Starting from January 16, 2024, users will be able to lock their BNB or FDUSD in separate pools for two days to earn MANTA tokens. The listing is expected to take place on January 18. The initial trading pairs will be MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY.
Maximum Token Supply: 1,000,000,000 MANTA
Launchpool Token Rewards: 30,000,000 MANTA (3% of the maximum token supply)
Initial Circulating Supply: 251,000,000 MANTA (25.1% of the maximum token supply)
The staking interface will be ready in approximately 5 hours, and 80% of the rewards will be distributed to investors who stake BNB. This detail caused the price of BNB Coin to rise by about $8 a few minutes ago, but this did not continue.
