- Leading cryptocurrency exchange Binance introduced its 44th project on Binance Launchpool: Manta (MANTA), a modular Layer 2 solution for ZK applications.
- According to the announcement, MANTA has a maximum token supply of 1,000,000,000 MANTA, offering 30,000,000 MANTA (3%) as rewards.
- Binance encourages users to take advantage of this opportunity, participate in hourly rewards, and benefit from the robust features of MANTA.
Cryptocurrency exchange Binance announced its new launchpool project MANTA on Monday: Details about MANTA!
New Project from Binance Launchpool: MANTA
Leading cryptocurrency exchange Binance introduced its 44th project on Binance Launchpool: Manta (MANTA), a modular Layer 2 solution for ZK applications. This strategic move comes in the midst of significant growth in Total Value Locked (TVL) for Manta Pacific, the Layer 2 modular blockchain within Manta Network. The addition of the project provides an opportunity for enthusiasts to join the growing decentralized finance (DeFi) ecosystem, gaining notable traction in the crypto world.
According to Binance’s latest announcement, users can farm MANTA tokens for two consecutive days by staking BNB and FDUSD in separate pools. Additionally, users can expect MANTA to be listed with trading pairs MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY on January 18, 2024. Meanwhile, the Seed Tag will be applied for smooth integration with MANTA.
According to the announcement, MANTA has a maximum token supply of 1,000,000,000 MANTA, offering 30,000,000 MANTA (3%) as rewards. Also, the initial circulating supply of the project is 251,000,000 MANTA, which is 25.1% of the maximum token supply. This aligns with Binance’s commitment to promoting innovative decentralized solutions. Users can stake BNB and FDUSD separately during the farming period from January 16 to January 17, 2024.
Binance encourages users to take advantage of this opportunity, participate in hourly rewards, and benefit from the robust features of MANTA. As Binance pushes the boundaries of DeFi, MANTA stands as a testament to the platform’s commitment to providing the crypto community with cutting-edge opportunities.
On the other hand, this launch emphasizes Binance’s commitment to user-friendly experiences. It allows participants to withdraw their funds at any time, seamlessly switch between existing pools, and accumulate their rewards directly into their spot accounts. Binance BNB Vault and Locked Products will also support Launchpool, providing comprehensive and inclusive participation for users staking BNB.
Eligibility & Global Outreach Emerging as TVL Increases
While excitement is high, it is important to note that participation in the MANTA Launchpool is subject to eligibility based on the user’s country or region of residence. Users are recommended to check the instructions on the Launchpool page to ensure compliance with jurisdiction regulations. Currently, residents in certain countries, including the United States, Japan, and Canada, may not be eligible to participate.
However, the listing news gained significant attention from crypto market enthusiasts amid the rapidly increasing TVL for Manta Pacific in recent days. Particularly, Manta Pacific, a rapidly expanding Layer 2 solution within the Ethereum ecosystem, experienced a substantial TVL increase, surpassing $800 million and reaching $838 million according to L2BEAT data.
This notable increase underscores the strong growth of Manta Network and solidifies its status as a rapidly expanding Layer 2 solution within the Ethereum ecosystem. Simultaneously, the launch of MANTA is a promising addition, expanding the Binance ecosystem and showcasing the commitment to innovation. It provides users with a dynamic entry point into the ever-changing world of decentralized finance.
The crypto community eagerly anticipates the transformative impact of MANTA on Binance Launchpool and beyond. Meanwhile, at the time of writing, the price of BNB has risen by 4.74% to $318.07, and the trading volume has increased by 80%, reaching $1.35 billion.
