Manta network’s native crypto MANTA will launch across major exchanges on Jan. 18, including Binance, Bybit, and Kucoin.
The cryptocurrency was also announced as the 44th token on Binance’s launchpad, allowing users to farm the token provided they stake BNB and stablecoin FDUSD.
Per a Jan. 15 blog post, the pool will be open for two days from Jan. 16, and participants will be able to farm a stash of 30 million MANTA tokens, around 3% of the maximum supply and about 25% of its initial circulating supply.
Manta may garner interest from crypto traders as did Xai (XAI), a layer-3 gaming project also debuted on Binance’s launchpad. XAI achieved an all-time high after listing on the platform, although a significant price decline followed in the days after.
The Manta network touts itself as a novel multi-modular blockchain that supports zero-knowledge applications and is Ethereum Virtual machine-compatible. Web3 protocol users will have access to two network types, including Manta Pacific, a layer-2 chain built on Polygon’s development kit, and Celestia’s modular data availability standard.
P0x Labs, which developed the network, raised $25 million in a Polychain Capital-led funding round in July 2023. Additionally, Manta held over $400 million in total value locked, according to DefiLlama. Its mainnet launched in September last year.
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Author: Naga Avan-Nomayo
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