What is Manta Coin? (Manta Network)
Manta Coin is the first platform to combine the familiarity of the Ethereum Virtual Machine (EVM) with advanced scalability and security using Celestia DA and Polygon zkEVM.
Manta Pacific hit a major milestone on September 12, 2023 – they officially launched their Mainnet Alpha! Think of it like the VIP version of Manta Pacific – it’s got a fully functional EVM-based Layer 2, and they’ve added the first-gen Universal Circuits for that extra magic.
Once Manta Pacific fully embraces zkEVM, it’s like becoming one of the big players in the Polygon zkEVM-based Layer 2 scene. The Manta Pacific family is flourishing too, with more than 80 cool applications and partners joining the party daily.
About Manta Network
Manta Network springs to life through the collaboration of a stellar team, its founders boasting rich experiences from esteemed institutions such as Harvard, MIT, and Algorand. This project has not only caught the eyes of the crypto world but has also secured backing from major web3 investment powerhouses, including Binance Labs and Polychain Capital.
Think of Manta Network as the ultimate toolkit for all things zero-knowledge (ZK) applications on the blockchain. Meanwhile Manta Pacific like the cozy hub for all your favorite EVM-native ZK apps and dapps.
Key Features of Manta Coin
- Scalability
- Privacy
- Modular Architecture
- Developer Friendly
- New ZK use cases
Overview of MANTA Coin
- From the start, $MANTA kicks off with a total supply of 1,000,000,000.
- A 2% yearly minting rate starts ticking from the birth of the token.
- For governance, $MANTA token holders have the authority to cast votes on decisions impacting both the Manta Pacific and Manta Atlantic networks.
- Participating in $MANTA staking is key to strengthening the security of Manta Atlantic.
- In Collator Delegation, $MANTA holders can choose to delegate with collators or stake $MANTA to run their collators, adding a significant layer of security to the network.
- In the transaction realm, Manta Atlantic utilizes $MANTA to cover network fees.
- Beyond transactions, the versatility of $MANTA shines as it serves as native liquidity and collateral within the expansive Manta coin ecosystem.
Manta Coin Roadmap
Phase 1: Manta Pacific Alpha (Ethereum Layer 2)
Manta Pacific achieves Ethereum Virtual Machine (EVM) equivalence, ensuring a smooth transition for existing Ethereum smart contracts. This unlocks possibilities like verifiable private Distributed Identity (DID)/Know Your Customer (KYC) and on-chain ZK-based games, reshaping the decentralized finance (DeFi) landscape.
Phase 2: Manta Pacific Alpha 2 (+Celestia DA)
Manta Pacific’s next move? Teaming up with Celestia for data scaling, slashing gas fees for users in their dApp world. While Manta Pacific currently rolls with call data for settlements, which dances with Ethereum’s gas prices, Celestia steps in with a cost structure that’s friendlier, steadier, and just plain smarter. Even with EIP-4844 plans in the pipeline to cut gas costs, Celestia stays ahead in the affordability game, offering a sleek solution for the future’s blockspace challenges.
Phase 3: Manta Pacific Beta (Elevating with zkEVM Transition)
During this transition, a multi-prover framework, combining Polygon’s ZK prover and OP Stack rollup, enhances network resilience. Manta Pacific’s final architecture includes Universal Circuits for built-in ZK features, enabling a range of ZK applications. This integrates Validium services with Celestia DA and zkEVM via Polygon CDK, ensuring scalability and a robust L2 system for users.
Phase 4: Manta Pacific Mainnet (Introducing Universal Circuits 2.0)
In the Manta Pacific Mainnet upgrade, we’re making things better for you! Imagine Universal Circuits getting a makeover – lower costs, more cool stuff, and a smoother experience. Here’s the lowdown: we’re using ZK magic to speed up and cut costs, adding extra cool features, and teaming up with projects to make your interactions super smooth. Our big aim? To make Manta Pacific even more awesome, decentralized, and cost-friendly, giving you the green light to explore exciting new things with fancy ZK tech.
MANTA Coin Token Allocation
MANTA Coin is set to launch with an initial total supply of 1,000,000,000 $MANTA, strategically distributed across various categories as elaborated below.
Foundation:
- New Paradigm (Airdrop 2): 6.5%
- Foundation Treasury: 13.50%
Ecosystem and Community:
- Ecosystem/Community: 21.19%
Investors:
- Advisor: 8.10%
- Team: 10.00%
- Private Investors: 12.94%
- Public Investors: 8.00%
- Strategic Investors: 6.17%
- Institution Investors: 5.00%
Other Allocations:
- Airdrop: 5.60%
- Binance Launchpool: 3.00%
Future of Manta Pacific
Manta Pacific’s full mainnet launch is just around the corner. Users can dive into the network, experiencing seamless interactions with dApps, like they would on any other cool platform. They’ve been busy improving things andmaking your daily interactions with Manta Pacific apps even better.
Get ready for the next-gen of dApps with Manta Pacific, all about being user-friendly and scalable. In their testnet phase, they’ve already rolled out 200+ verified contracts, introducing some awesome decentralized apps.
Conclusion
Manta Network is your go-to hub for creating cool decentralized apps. It’s like having two best friends – Manta Pacific, the super versatile Layer 2 blockchain, and Manta Atlantic, the speedy zero-knowledge (ZK) Layer 1 chain on Polkadot.
Manta Coin is new in the crypto market but it has recently experienced exponential growth. Currently, Manta Coin is looking good and can become one of the most sought coins in the future.