The 44th project on Binance Launchpool, Manta, is a Layer 2 network that serves as a gateway for Zero Knowledge (ZK) or Zero Knowledge-based applications by utilizing a modular Blockchain and zkEVM to establish a new paradigm for Layer 2 smart contract networks. In this article, you can find answers to many questions, such as what Manta is, what the native asset MANTA coin is, and how to buy MANTA coin, which will be listed on Binance.
What is Manta?
Manta is a modular ecosystem for Web3. Users can create and deploy Solidity-based decentralized applications on Manta, leveraging the technology stack with higher transaction speeds than Layer 1 networks and lower transaction fees than Layer 2 networks.
Manta serves as a gateway for ZK-based applications by utilizing a modular Blockchain and zkEVM to establish a new paradigm for Layer 2 smart contract platforms. Manta Pacific addresses usability concerns through a modular infrastructure design that allows for seamless integration of modular DA and zkEVM, continuously improving the user experience over time. Manta’s mission is to promote the adoption of Web3 by providing an infrastructure environment that offers scalable use cases to users.
The protocol consists of four main components: modular data availability, non-custodial smart contracts, universal circuits, and zkEVM proof. Under modular data availability, call data from every transaction is processed by Celestia (TIA), significantly reducing the cost of each transaction processed on Manta Pacific. For non-custodial smart contracts, projects on Manta Pacific can be deployed using Solidity-based smart contracts compatible with the EVM environment.
Thanks to universal circuits, developers can leverage Manta Pacific’s universal circuits, offering a library of generalized and pre-compiled ZK circuits for various use cases, including DeFi, GameFi, identity, and more, to create ZK-enabled applications. Additionally, zkEVM proof verifies transactions after they are aggregated once to provide cryptographic-level security.
MANTA Coin Insights
MANTA coin is the native asset of the Manta Network, serving multiple purposes, including governance, staking, collator delegation, network fees, native liquidity, and collateral. MANTA coin holders can participate in network governance decisions on both Manta Pacific and Manta Atlantic. Coin holders can contribute to the overall security of Manta Atlantic by staking their MANTA.
MANTA holders have the option to delegate their assets to collators or run their own collators to secure the network by staking MANTA. MANTA coin can be used to pay for Manta Atlantic transaction fees and as native liquidity and collateral in the Manta ecosystem services.
As of January 16, 2024, the total supply of MANTA coin is 1 billion, and after the Binance listing, the circulating supply will be 251 million (25.10% of the total supply).
How to Buy MANTA Coin?
MANTA coin will be available for secure trading on Binance, the world’s largest cryptocurrency exchange by trading volume. MANTA coin will be listed on Binance on January 18, 2024, and can be traded in the MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY trading pairs.
To buy MANTA coin, you must first register with the Binance exchange if you haven’t already. After completing the registration process, you need to transfer cryptocurrency or fiat money such as Turkish Lira to your Binance wallet. Once the transfer is complete, you can purchase MANTA coin from any of the five trading pairs mentioned above.
To make a purchase from the MANTA/USDT trading pair on Binance, you must first go to the interface of this trading pair. Enter the amount you wish to purchase in the specified area from the limit section on the trading pair interface. Once the amount is entered, the purchase is completed with the Buy MANTA order.
