News

Manta Participates In Binance  Launch pool  as The 44th Staking Project

single-image

Key Points

  • Binance announces Manta (MANTA) as the 44th project on its Launchpool, allowing users to farm MANTA tokens by staking BNB and FDUSD.
  • MANTA token farming starts from January 16, 2024, with Binance set to list MANTA for trading on January 18, offering multiple trading pairs.
  • The MANTA Launchpool offers 30 million MANTA tokens as rewards, distributed across BNB and FDUSD staking pools with specific hourly caps.

Stay in the know on crypto by frequently visiting Crypto News Today

Manta (MANTA), the newest addition to Binance’s Launchpool platform, has been made public. Project 44 on the Binance Launchpool is MANTA, a modular Layer 2 (L2) solution intended for Zero-Knowledge (ZK) applications. Users will be able to farm MANTA tokens by staking Binance Coin (BNB) and FDUSD beginning on January 16, 2024. Users can interact with the newest blockchain innovations and possibly win new tokens with this exclusive opportunity.

CryptoCaster Quick Check:

MANTA trading and staking factors

The method for farming MANTA tokens is straightforward. Participants can stake their BNB and FDUSD in separate pools, with the farming period lasting two days. Following the completion of the farming phase, Binance intends to list MANTA tokens on January 18, 2024. The exchange will provide trading pairs for MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY. This increase in trading options is indicative of the MANTA token’s increasing popularity and adaptability in the cryptocurrency space.

Advertisement

Mechanics of Launchpool and the Distribution of Tokens.

Thirty million MANTA tokens, or 3% of the total token supply, will be awarded as rewards in the MANTA Launchpool. Two staking pools will receive these tokens: the BNB pool will receive 24,000,000 MANTA (80%) and the FDUSD pool will receive 6,000,000 MANTA (20%). Users must follow the KYC requirements in order to participate. Additionally, the amount of tokens that can be distributed to each user is capped at 50,000 MANTA for the BNB pool and 12,500 MANTA for the FDUSD pool every hour.

With the addition of Manta to its Launchpool platform, Binance has demonstrated its continued dedication to advancing cutting-edge blockchain technology and providing a wide range of investment options for its user base. The MANTA token, with its emphasis on ZK applications and incorporation into the Binance ecosystem, is well-positioned to attract the attention of blockchain enthusiasts and investors seeking innovative prospects in the swiftly changing cryptocurrency landscape.CRYPTOCASTER® - DECENTRALIZED FREEDOM!


We hope you found this article insightful. Before you go, please consider supporting CryptoCaster’s independent journalism.

In the world of media owned by billionaires like Elon Musk, Larry Fink (BlackRock), and Jamie Dimon (JP Morgan Chase), influence over narratives surrounding cryptocurrency and Web3 often reflects their interests. CryptoCaster is different. With no billionaire backers or shareholder obligations, we are committed solely to public interest journalism, covering crypto advancements and institutional changes without profit-driven motives.

Unlike much of mainstream media, which can fall into neutrality traps that obscure the real impacts on retail investors, we’re guided by transparency and integrity. We are unafraid to take a stand in the ongoing struggle against fiat banking dominance and in support of the monetary innovation driven by crypto and Web3. Reporting on issues like FTX, Binance, and Ripple, we bring a bold, unfiltered outsider’s view on global financial disruption—free from the constraints of traditional media narratives.

CryptoCaster remains paywall-free, accessible to everyone, thanks to the support of readers like you. Your contributions keep us independent and help ensure that critical information on the crypto landscape reaches all. If you value our work, please consider supporting us with a one-time contribution starting at just $1 in Bitcoin or Ether, or even monthly if you’re able. Scroll down to find our wallet addresses and help keep CryptoCaster independent and thriving.

Thank you for your support,

Kristin Steinbeck
Editor, CryptoCaster


Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.


Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D


CRYPTOCASTER HEATMAP


You may also like