Binance introduces Manta (MANTA), a modular Layer 2 solution for ZK applications, as the 44th project on its Launchpool platform.
Users can farm MANTA tokens by staking BNB and FDUSD, with the listing of MANTA scheduled for multiple trading pairs.
Unveiling Manta (MANTA) on Binance Launchpool
Binance, a global leader in cryptocurrency trading, is thrilled to announce the introduction of Manta (MANTA) – a cutting-edge modular Layer 2 solution specifically designed for Zero-Knowledge (ZK) applications – as the 44th project on Binance Launchpool. This strategic move underscores Binance’s commitment to advancing blockchain technology and providing its users with innovative opportunities in the decentralized space.
Farming MANTA: A Lucrative Opportunity
Starting from January 16, 2024, users will have the unique chance to engage in farming MANTA tokens. This process involves staking BNB (Binance Coin) and FDUSD, Binance’s stablecoin, in dedicated pools over a two-day period. It presents an exciting opportunity for participants to be at the forefront of supporting Manta’s vision while potentially earning significant rewards.
MANTA Token Listing: Expanding Trading Horizons
Following the farming period, Binance will officially list the MANTA token on January 18, 2024. The listing will open doors to various trading pairs, including MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY. This listing is particularly significant as it bears the Seed Tag, highlighting MANTA’s potential as an emerging and promising asset in the cryptocurrency market.
Launchpool Token Details and Staking Terms
Manta’s presence on Binance Launchpool is not just a listing but a comprehensive ecosystem introduction. The Launchpool token details reveal a maximum supply of 1 billion MANTA tokens, with 30 million MANTA (3% of the maximum supply) allocated as Launchpool token rewards. The initial circulating supply stands at 251 million MANTA, representing 25.1% of the maximum supply.
Participants are required to complete KYC verification, adhering to Binance’s stringent security and regulatory protocols. The farming process involves hourly hard caps per user, set at 50,000 MANTA for the BNB pool and 12,500 MANTA for the FDUSD pool, ensuring a fair and balanced distribution of rewards.
Diverse Staking Pools and Reward Distribution
The MANTA farming experience is enhanced by the availability of two distinct staking pools. The BNB pool offers 24 million MANTA in rewards (accounting for 80% of the total rewards), while the FDUSD pool provides 6 million MANTA (20% of the total rewards). The farming period, set from January 16 to January 17, 2024, offers a total daily reward of 15 million MANTA, divided between the BNB and FDUSD pools.
Concluding Remarks: A Leap Forward in Blockchain Technology
As Manta (MANTA) makes its grand entrance on the Binance Launchpool, it signals a significant leap in the evolution of blockchain technology, particularly in the realm of ZK applications. This initiative by Binance not only broadens the scope of trading opportunities for its users but also plays a pivotal role in advancing the modular Layer 2 solutions within the blockchain ecosystem.
Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
