Manta network is the first Ethereum L2 integrated into Celestia to help users save expensive gas fees.
scenes to be used:
1. On-chain handling fees:
Transactions and contract/pallet execution generate on-chain fees. 72% is allocated to ecosystem projects, increasing incentives to build applications on Manta. 18% goes to the treasury to incentivize network development and future parachain auctions. 10% is allocated to the collector who generates the block containing the transaction.
2. Medium of transaction:
MANTA, as the Manta mainnet token, facilitates peer-to-peer transfers and transactions with contracts/pallets. MANTA can purchase certificates such as zkSBT and zkKYC within the network.
3. Governance:
MANTA serves as the voting weight for on-chain governance decisions. Used to propose referendums, elect council members, and shape the future of the Manta Network.
4. Internet security:
Collators play a key role in packaging transactions and supporting block liveness. MANTA tokens incentivize collectors and ensure the robustness and decentralization of the network. The network allocates 2% of the total issuance to stakers each year to maintain network security.
Manta network project research report:
https://www.binance.com/cn/research/projects/manta
