Project Description
Manta Network is web3’s modular ecosystem. Users can build and deploy any Solidity-based decentralized application on Manta and leverage its technology stack to deliver faster transaction speeds than L1 and lower gas costs than L2.
Manta has launched two networks for ZK (zero-knowledge proof) applications: Manta Pacific and Manta Atlantic.
Manta Pacific is a unique L2 ecosystem for EVM native ZK applications on Ethereum, providing a scalable and cheap Gas fee environment for ZK applications (transaction costs on Manta Pacific are much lower than other L2 transactions) so that Use Solidity only for deployment.
Manta Atlantic: The underlying L1 is designed for verifying identities on private chains and has extremely high performance. Manta Atlantic compiles ZK lines at runtime, performing the fastest local proof generation compared to any other ZK-enabled L1. Manta Atlantic focuses on on-chain identity.
Project Highlights
Manta Network has surpassed Base Network to become the fourth largest Layer 2 solution on Ethereum.
Manta Pacific leverages Celestia’s modular data availability to become the ETH L2 with the lowest gas fees. Since integrating as the first ETH L2 on Celestia, Manta Pacific has saved users over $750,000 in gas costs
Manta Pacific is a fully ecological Layer 2
A continuously growing ecosystem, Manta has over 80 apps and partners, with new apps being launched every day.
Experienced team of founders from prestigious institutions such as Harvard, MIT, and Algorand
Received investment from many top web3 funds, including Binance Labs and Polychain Capital. And grow by participating in the best web3 accelerators including Alliance DAO and Berkeley Blockchain Xcelerator.
Project advantages (technical aspects)
Adaptable ZK: The tools required for ZK-enabled applications that any Solidity developer can use by simply adding a few lines of code to an existing contract.
No permission required: Manta Pacific is a public L2 that gives every developer equal opportunity to build and deploy scalable applications.
Type 1 zkEVM: Manta Pacific provides Type 1 zkEVM using Polygon CDK, which provides a native EVM experience on L2.
Native Yield: Manta Pacific provides native yield support for ETH and USDC-based tokens.
Tokenomics
$Manta is the native governance token of Manta Network
Total initial supply: 1,000,000,000.
Governance: $MANTA token holders can vote on network governance decisions for Manta Pacific and Manta Atlantic.
Staking: Staking $MANTA contributes to the overall security of Manta Atlantic.
Collator Delegation: $MANTA holders can choose to delegate their token holdings to a collator, or escrow $MANTA to their collator to ensure network security.
Network Fees: Manta Atlantic uses $MANTA to pay transaction fees.
Native Liquidity and Collateral: The $MANTA token can be used as native liquidity and collateral in the Manta ecosystem.
Token distribution:
Airdrop — 5.60%
New Paradigm (Airdrop 2) – 6.5%
Binance Launch Pool — 3.00%
Public Offer — 8.00%
Private placement round — 12.94%:
Strategic investors——6.17%
Institutional Investors — 5.00%
Ecosystem/Community — 21.19%
Foundation Treasury - 13.50%
Team — 10.00%
Consultant — 8.10%
Estimated validator/emission rewards – 2% per year
Link
Official website: https://manta.network/
Official Twitter: https://twitter.com/mantanetwork
White paper: https://docs.manta.network/docs/Introduction
Token allocation details: https://mantanetwork.medium.com/manta-tokenomics-b226f911c84c
