{"id":9818,"date":"2024-01-15T17:43:34","date_gmt":"2024-01-15T15:43:34","guid":{"rendered":"https:\/\/forklog.com\/en\/manta-network-allocates-12-of-manta-emission-for-airdrops\/"},"modified":"2024-01-15T17:43:34","modified_gmt":"2024-01-15T15:43:34","slug":"manta-network-allocates-12-of-manta-emission-for-airdrops","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/manta-network-allocates-12-of-manta-emission-for-airdrops\/","title":{"rendered":"Manta Network Allocates 12% of MANTA Emission for Airdrops"},"content":{"rendered":"<p>The total issuance of native tokens for the Manta Network&#8217;s second-layer network will amount to 1 billion MANTA, with 12% allocated for funding two airdrops.<\/p>\n<blockquote class=\"twitter-tweet\" data-media-max-width=\"560\">\n<p lang=\"en\" dir=\"ltr\">Explore <a href=\"https:\/\/twitter.com\/search?q=%24MANTA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MANTA<\/a>, the native utility and governance token of <a href=\"https:\/\/twitter.com\/MantaNetwork?ref_src=twsrc%5Etfw\">@MantaNetwork<\/a> ?<a href=\"https:\/\/twitter.com\/search?q=%24MANTA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MANTA<\/a> empowers users across <a href=\"https:\/\/twitter.com\/hashtag\/MantaPacific?src=hash&#038;ref_src=twsrc%5Etfw\">#MantaPacific<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/MantaAtlantic?src=hash&#038;ref_src=twsrc%5Etfw\">#MantaAtlantic<\/a>, facilitating an improved experience for the modular ecosystem built for scalable, next-generation dApps.<a href=\"https:\/\/t.co\/XFwIhLy9L9\">https:\/\/t.co\/XFwIhLy9L9<\/a><\/p>\n<p>\u2014 Manta Network (?,?) #MantaNewParadigm (@MantaNetwork) <a href=\"https:\/\/twitter.com\/MantaNetwork\/status\/1746876845495365683?ref_src=twsrc%5Etfw\">January 15, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Approximately 20% of the total issuance is allocated for public and private sales, with 13.5% reserved for the fund. The ecosystem and community are allocated 21.19%, while 3% is directed to <a href=\"https:\/\/www.binance.com\/en\/feed\/post\/2024-01-15-binance-launchpool-unveils-its-44th-project-manta-manta-token-available-for-farming-2780626511769\">Binance Launchpool<\/a>.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/dcAKRSIYtrqTEojgXN2ER4GI2TG87Vszd9QvN9ArxSCVF5N7KZSOh5dQadRKRKXrWKuIf_CuhlytKBL1McCkt_AXv7IZVFKRVyCUkfdPjyuIJsFS7KFRlDbBsLO4oLt6-gjGZki9n_zN7LYaBoUzfK8\" alt=\"Manta Network Allocates 12% of MANTA Emission for Airdrops\"\/><figcaption class=\"wp-element-caption\">MANTA token distribution. Source: Manta Network blog.<\/figcaption><\/figure>\n<p>In addition to Binance, the listing of MANTA was recently confirmed by exchanges <a href=\"https:\/\/www.kucoin.com\/announcement\/en-manta-network-manta-gets-listed-on-kucoin-world-premiere\">Kucoin<\/a> and <a href=\"http:\/\/gate.io\">Gate.io<\/a>. Trading is set to commence on January 18.\u00a0<\/p>\n<p>The annual coin issuance rate will be 2%, starting from the genesis token. The initial token offering will be 251 million.<\/p>\n<p>The first MANTA distribution, <a href=\"https:\/\/mantanetwork.medium.com\/manta-tokenomics-b226f911c84c\">Into The Blue<\/a>, took place on January 5, distributing tokens worth $50 million. The second airdrop is scheduled for the second half of 2024.\u00a0<\/p>\n<p>Manta Network is a modular L2 ecosystem designed for scalable next-generation decentralized applications. Currently, the protocol offers two networks:<\/p>\n<ul class=\"wp-block-list\">\n<li>Manta Pacific \u2014 a protocol specifically for <span data-descr=\"decentralized applications\" class=\"old_tooltip\">dapps<\/span>, providing a user-friendly environment with low gas fees, allowing applications to &#8220;go beyond traditional <span data-descr=\"Ethereum Virtual Machine\" class=\"old_tooltip\">EVM<\/span> ecosystems&#8221;;<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>Manta Atlantic \u2014 a ZK platform on Polkadot, offering programmable private Web3 identity data and credentials based on zero-knowledge proofs.<\/li>\n<\/ul>\n<p>Within the Manta ecosystems, the token is used for network fees, peer-to-peer transfers, and governance. Community members will have the opportunity to lock and deposit tokens for decision-making and network security.\u00a0<\/p>\n<p>Moreover, 72% of protocol fees are allocated to ecosystem projects, enhancing incentives for developers on the Manta platform. An additional 18% goes to the treasury to stimulate network development, while the remaining 10% is distributed among collators who create blocks.<\/p>\n<p>Back in September 2023, Manta Network announced the launch of the alpha version of the second-layer Pacific mainnet for zero-knowledge proof-based applications.<\/p>\n<p>In July, the project raised $25 million for the creation of the ZK network and launched the Pacific testnet.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total issuance of native tokens for the Manta Network&#8217;s second-layer network will amount to 1 billion MANTA, with 12% allocated for funding two airdrops. Explore $MANTA, the native utility and governance token of @MantaNetwork ?$MANTA empowers users across #MantaPacific and #MantaAtlantic, facilitating an improved experience for the modular ecosystem built for scalable, next-generation dApps.https:\/\/t.co\/XFwIhLy9L9 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,1179,1258],"class_list":["post-9818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-layer-2-solutions","tag-tokenomics"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=9818"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/9817"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=9818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=9818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=9818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}