Binance today proudly listed Manta (MANTA) as the 44th Launchpool project, a step forward towards decentralized finance.
Summary
Manta’s listing on Binance
Manta (MANTA) is an innovative modular Layer 2 (L2) solution designed for ZK applications.
The MANTA Launchpool started on 2024-01-16 at 00:00 (UTC), allowing users to stake their BNB and FDUSD for a two-day farming period.
The official listing on Binance is scheduled for 2024-01-18 at 10:00 (UTC), with the opening of trading for the MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY pairs.
Token information
With a maximum offer of 1,000,000,000 MANTA tokens, the Launchpool offers enticing rewards with a distribution of 3%, equal to 30,000,000 MANTA compared to the total supply.
The initial circulating supply amounts to 251,000,000 MANTA, representing 25.1% of the maximum token supply. Let’s now explore the detailed participation conditions of this innovative project.
Participation in the MANTA Launchpool requires KYC verification. Users must face an hourly hard cap per pool, with 50,000 MANTA in the BNB pool and 12,500 MANTA in the FDUSD pool. Supported pools include Stake BNB and Stake FDUSD, each of which offers substantial rewards.
The farming period runs from 2024-01-16 00:00 (UTC) to 2024-01-17 23:59 (UTC), during which users can take advantage of exciting daily rewards in both the BNB and FDUSD pools.
Distribution of MANTA farming
We carefully examine the breakdown of daily rewards (MANTA) from January 16, 2024, to January 17, 2024:
- Total daily rewards: 15,000,000 MANTA
- Daily rewards from the BNB pool: 12,000,000 MANTA
- Daily prizes from the FDUSD pool: 3,000,000 MANTA
Key considerations of Manta
Hourly shots for average sales and reward calculation.
The prizes can be requested directly on spot accounts at any time.
Exclusive participation benefits for BNB Vault and Locked Products users.
The eligibility of Launchpool is subject to the user’s residence and jurisdiction.
Excluded countries
Eligibility is subject to account verification and residency in eligible jurisdictions.
Currently, the excluded countries are Belarus, Canada, Cuba, Crimea, Democratic Republic of Congo, Iran, Japan, New Zealand, Netherlands, North Korea, South Sudan, Syria, United States of America and its territories, Zimbabwe, and areas not controlled by the government of Ukraine.
This list can be periodically updated to align with the evolution of legal considerations.
Conclusions
In conclusion, the introduction of Manta (MANTA) on Binance Launchpool marks a crucial moment in the realm of decentralized finance.
With a maximum token offering of 1,000,000,000 MANTA and a Launchpool token reward of 30,000,000 MANTA (3% of the total offering), Manta offers participants an exciting opportunity to engage in a cutting-edge Layer 2 (L2) modular solution for ZK applications.
The initial circulating supply of 251,000,000 MANTA, representing 25.1% of the maximum token supply, highlights the strategic approach to token distribution.
As users delve into the complexities of the Launchpool MANTA, token distribution becomes a focal point.
From January 16th to January 17th, daily rewards are set at 15,000,000 MANTA, with the BNB pool contributing 12,000,000 MANTA and the FDUSD pool adding 3,000,000 MANTA to the overall distribution.
For those who wish to participate in this innovative initiative, detailed information about the MANTA project is available on the official MANTA project page.
The birth of Manta represents not only an investment opportunity, but also a technological advancement that pushes the cryptocurrency landscape towards new dimensions of efficiency and scalability.
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