MANTA is the native cryptocurrency of the Manta Network, one of the leading modular ecosystems in the Web3 world. The network is built primarily on zero-knowledge (ZK) proof technology to provide a high-speed, low-cost trading and development environment that protects users’ privacy.
Here is a detailed explanation of the network project, its unique architecture, and the uses of its token:
1. Manta Network’s dual architecture (two networks in one project)
Manta Network stands out by combining Layer 1 and Layer 2 solutions across two complementary networks:
Manta Pacific (Layer 2 - L2):
An Ethereum Layer 2 environment for running decentralized applications (dApps).
It uses the Solidity programming language (the same language as Ethereum), making it easy for developers to migrate their applications to the network.
It features near-zero gas fees (often less than $0.01) and extremely fast speeds, thanks to the separation of execution from data availability and its reliance on a network like Celestia for data storage.
CoinMarketCap +2
Manta Atlantic (Layer 1 - L1):
An independent Layer 1 network built within the Polkadot ecosystem.
It focuses entirely on encrypted digital identities and programmable credentials using zero-knowledge technology (zkSBTs), allowing users to prove their identity or eligibility without disclosing any personal or sensitive data.
2. Strategic evolution: from infrastructure to an “application factory”
Recently, the project’s focus has shifted from simply providing solid technical infrastructure to building a mass-market application network (an “Application Powerhouse”) through Manta Labs.
KuCoin
This shift aims to launch powerful consumer applications and games (such as the mass-market gaming and entertainment app SuperFortune) to attract millions of traditional DeFi and Web3 users, and to form partnerships that enhance the network’s real-world value.
CoinMarketCap +1
3. Uses of the MANTA token within the network
The MANTA token plays several vital roles in ensuring the network’s continuity and security:
KuCoin
Transaction fees (Gas Fees): The token is used to pay for transactions, transfers, and smart contract execution on the Manta Atlantic network and its application-specific counterpart.
Governance and voting (Governance): Token holders have the right to vote on updates and proposals concerning the network’s future and resource allocation.
Staking: Users can stake their tokens to help secure the network and receive regular rewards in the same token in return.
Airdrop Rewards:
Stakers regularly receive free tokens (Airdrops) from new projects and applications launched and developed within the Manta ecosystem (such as the distribution of GUA tokens by SuperFortune).
4. Conclusion (Is it worth paying attention to?)
Manta Network offers a smart solution to Ethereum’s traditional challenges (slow speeds and high fees) by combining modular architecture with advanced ZK privacy. The long-term success of the MANTA token depends on its ecosystem’s ability to continue attracting developers and users to its decentralized applications and the games it hosts.
CoinMarketCap +2
#BitcoinShortTermHoldersReach4.08MBTC #BitcoinRecoversTo$82K #NEARRisesNearly10% #AustraliaProposesCryptoTransactionReportingLaw #SolanaAlpenglowUpgradeToActivateOnOct21
