Manta Network announced MANTA tokenomics with airdrop news.

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In the ever-evolving landscape of blockchain technology, Manta Network emerges as a transformative force, paving the way for the future of Zero-Knowledge (ZK) ecosystems. This modular blockchain ecosystem introduces Manta Pacific (L2) and Manta Atlantic (L1) on the Polkadot network, creating a scalable environment where next-gen decentralized applications (dApps) flourish.

MANTA Tokenomics:

Total Supply: 1,000,000,000 at Genesis.

Yearly Minting Rate: 2% from Token Genesis.

Use Cases: Governance, staking, collator delegation, network fees, and liquidity.

Manta Pacific Utility:

Token holders enjoy sequencer revenue and gas fee savings.

Builders receive retroactive funding, fostering innovation.

Ongoing incentives for users and community members.

Manta Atlantic's Role:

Allocation of network usage fees.

$MANTA as a medium of exchange.

Governance rights and incentives for network security.

Token Allocation:

Diverse allocation to public, private, strategic, institutional investors, foundation, team, advisors, and community.

Token Release Schedule:

Initial circulating supply: 251,000,000 at Token Generation Event (TGE).

Airdrop (5.60%) and New Paradigm (6.5%) details.

Binance Launchpool (3.00%) and Public Sale (8.00%) allocations.

Scheduled releases for private, strategic, institutional investors, and ecosystem/community.

About Manta Network:

Manta Pacific is a cutting-edge modular blockchain designed for Zero-Knowledge (ZK) applications, serving as a Layer 2 (L2) solution for EVM-native ZK applications. Developed by a team of experts from Harvard, MIT, and Algorand, this innovative project has gained significant support from key players in the web3 space, including Binance Labs and Polychain Capital. Positioned as a groundbreaking venture, Manta Pacific aims to reshape the blockchain landscape by providing a scalable and efficient platform for the next generation of decentralized applications.

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