HomeAltcoinsMANTA Token Airdrop is happening on 18th January. Here's everything you need...

MANTA Token Airdrop is happening on 18th January. Here’s everything you need to know.

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Manta Network is getting ready to give away MANTA tokens to its community. The platform is focused on creating decentralized apps that can grow in size.

The event on January 18, 2024, is a way to thank the people who have supported Manta’s two networks, Manta Pacific and Manta Atlantic. Manta Pacific is a type of blockchain and Manta Atlantic is the fastest zero-knowledge Layer 1 chain on Polkadot (DOT). This information was shared with Cryptonews.

Manta Pacific’s Total Value Locked (TVL) has increased 70 times over the last three months.

Right now, it’s the fourth fastest-growing L2 network with $858 million in total value locked, according to L2Beat data.

MANTA is the main token used in the Manta Network ecosystem for utilities and governance.

It provides many different ways to use the tokenomics explained.

MANTA Token holders will receive extra advantages.

At Manta Pacific, people who have MANTA tokens will save money on gas fees and earn money from the sequencer.

The token is meant to make on-chain activities and interactions with zkApps in the ecosystem better for users.

Builders and people who help will get help from MANTA, which will help the ecosystem grow and stay strong.

The token can also be used to pay for other projects in the system and make money.

On Manta Atlantic, MANTA is used for network fees, trading, decision-making, security, funding projects, and earning rewards.

There will be 1 billion MANTA tokens at the beginning, and 2% more will be added each year.

The airdrop will be split into two types: Airdrop Rewards and Airdrop Bonus Rewards.

Airdrop Rewards make up 3% of all the tokens available. 30,000,000 $MANTA will be given to Manta Atlantic and Manta Pacific users and supporters.

We’re giving away extra $MANTA tokens as a bonus to our supporters and users in the Manta ecosystem. This bonus is equal to 2% of the total supply, which is 20,000,000 $MANTA.

Manta Network restarts working on building blockchains that can be easily modified.

Manta Network has been getting a lot of attention lately because of its work with modular blockchains.

It was the first time that Ethereum (ETH) Layer 2 solution integrated Celestia’s modular data availability (DA) model, which is becoming a standard in the industry.

This working together has caused costs to go down by 80% for developers and people who use it, compared to other similar solutions.

As the cryptocurrency market gets ready for a new period of growth, the things that will make more people start using cryptocurrency are going to be cheap and easy ways to use Ethereum.

“Many people are interested in New Paradigm because Manta Pacific is the only live modular Layer 2 with native yield for ETH and stablecoins,” said Kenny Li, a co-founder and core contributor at Manta Network, in an interview with Cryptonews.

“This has made Pacific the third biggest ecosystem with over $900 million in TVL, after Arbitrum and Optimism. With this success comes the duty to keep going and provide useful things to our users and developers.

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