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.
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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.
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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.
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.
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