🦁️-Background introduction:
Manta has raised $60 million in funding, with investment institutions including Binance and other mainstream organizations, boasting an impressive lineup. Manta uses Celestia as its DA layer and focuses on the concept of modular blockchain. After its recent listing on Binance, MANTA, which has seen a sharp increase in TVL, has attracted personal attention to the token's trend for 48 hours.
🐟-The token chip range for MANTA is as follows:
Overall, the chips are relatively evenly distributed, with approximately 10% designated for airdrops and a relatively long team unlock period.
Manta Token Economics: Total supply of 1 billion tokens. Based on the average price of institutions in previous rounds of financing, which is around 0.36, even if the fully diluted market value is only around 10 billion, the unit price is roughly between 5-8 US dollars.
Outlook on Participation in Manta in the Later Stage:
Key points: L2 scalability, modularity. Manta Pacific utilizes Celestia to achieve modular DA (data availability), reducing gas fees and becoming the most cost-effective Ethereum L2 solution.
How to deeply engage in the Manta ecosystem:
Token holders benefit from income generated by the sequencer and gas fee savings from modular DA (data availability).
Ongoing ecosystem and community incentives, as well as projects funded by MANTA, are beneficial to users and community members.
MANTA can be used to purchase credentials such as zkSBT and zkKYC within the network.
MANTA token incentivizes collectors, ensuring the robustness and decentralization of the network.
Summary: Manta Network is dedicated to providing modular blockchain support for zero-knowledge proof (ZK) applications. Apart from the 2024 Cancun upgrade, modular narrative will be the next new direction. Therefore, it is advisable to hold onto the chips and pay attention to the token's trend around December when the team unlock occurs. #manta