What is Manta Network?

Manta Network is the multi-modular blockchain. It offers 2 blockchain networks include:

1. Manta Pacific (Ethereum layer 2)

Manta Pacific is an Ethereum scaling solution. It launched mainnet on Sep 12, 2023. Users can bridge ERC-20 tokens from Ethereum mainnet to Manta Pacific.

Celestia

Manta Pacific provides inexpensive gas fess because it uses Celestia’s data availability. It claims to be the cheapest Ethereum layer 2.

Users can bridge TIA tokens from Celestia to Manta Pacific. They can use TIA for DeFi products such as lending and swap on Manta Pacific.

Polygon CDK

Manta Pacific is a zkEVM blockchain which means it is EVM compatible. It uses Polygon CDK architecture and combine with Celestia’s DA.

2. Manta Atlantic (Layer 1 on Polkadot)

Manta Atlantic is a layer 1 blockchain on Polkadot. It is a privacy blockchain. It uses zero-knowledge (zk) proofs to create private transactions.

Manta Atlantic uses MANTA tokens to pay for transaction fees.

Manta Atlantic supports smart contracts, dApps, lending, and DeFi applications.

Investors

Polychain Capital and Binance Labs are some of the investors that invested in Manta Network.

MANTA Token

MANTA is the native token for the Manta Network. MANTA has a total supply of 1 billion MANTA minted at genesis. MANTA has inflation rate of 2%.

MANTA Token Allocation

MANTA Token Utility

1. Governance

MANTA tokens can use for voting on governance of both Manta Pacific and Manta Atlantic.

2. Staking on Manta Atlantic

Manta tokens can use for staking to provide security for Manta Atlantic.

3. Paying transaction fees on Manta Atlantic

-72% of transaction fees allocate to projects on Manta Atlantic.

-18% of transaction fees allocate to the treasury to incentivize network development and provide for future parachain auctions.

-10% of transactions fees allocate to collators producing blocks.

Manta Pacific L2 Ecosystem

LayerBank, a crypto lending and borrowing platform. Quickswap decentralized exchange supports Manta Network. 

Manta Network is a multi-modular blockchain for zero-knowledge applications. Manta L1 provides private transactions and Manta L2 provides inexpensive gas fees for users.