How Manta went to ruin step by step
The first Binance pool project to be launched in 2024, Binance investment, modularization, L1/L2, zk, etc., has a star halo since its birth, and has been listed as a promising project by many investment institutions, KOLs, etc. These are the views that manta brought to everyone when it was first released, but why did it fall from heaven to hell just 4 months later? Now everyone talks about manta without exception, it is a scam, garbage, worse than a local dog and other similar labels, then let’s take a look at manta’s "five sins".
1. Three changes of ownership
Manta started out as a slot auction project of TRON, then started to develop its own L1, and now it is a modular L2 project. The constant change of direction has resulted in unclear development goals. It feels like we only focus on whichever track is hot in the market, and we have lost our core competitiveness.