Binance Launches Manta Network on its Launchpool
Binance, the leading cryptocurrency exchange, has introduced its 44th project on Binance Launchpool, Manta (MANTA), which is a modular Layer 2 solution for Zero-Knowledge (ZK) applications. Users can stake their BNB and FDUSD in separate pools to farm MANTA tokens over a two-day period.
Manta Pacific Experiences Surge in TVL
Manta Pacific, the in-house Layer 2 modular blockchain by Manta Network, has seen a significant increase in Total Value Locked (TVL). The addition of MANTA to Binance Launchpool provides enthusiasts with an opportunity to engage in the decentralized finance (DeFi) ecosystem.
MANTA Trading Pairs and Seed Tag
MANTA will be listed on January 18, 2024, with trading pairs including MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY. The Seed Tag will ensure seamless integration into the Binance ecosystem.
Reward Pool and Staking Period
The MANTA Launchpool offers a maximum token supply of 1,000,000,000 MANTA. During the farming period from January 16 to January 17, 2024, users can stake BNB and FDUSD separately in their respective reward pools.
User-Friendly Features and Support
Binance encourages users to take advantage of the hourly rewards and the features of MANTA. Participants can unstake their funds at any time, switch between available pools seamlessly, and receive rewards directly to their spot accounts. BNB Vault and Locked Products also support the Launchpool.
Eligibility and Global Outreach
Participation in the MANTA Launchpool is subject to eligibility based on the user’s country or region of residence. Certain countries, including the United States, Japan, and Canada, may not be eligible for participation.
Manta Pacific TVL Soars
Manta Pacific has experienced a significant increase in Total Value Locked (TVL), surpassing $800 million. This growth solidifies Manta Network’s position as a rapidly expanding Layer 2 solution within the Ethereum ecosystem.
Anticipating the Impact of MANTA
MANTA’s addition to Binance Launchpool offers users an entry point into the world of decentralized finance. The crypto community eagerly awaits the transformative impact of MANTA on Binance Launchpool and beyond.
Hot Take: BNB Price Rallies Amidst Launch Announcement
The price of BNB has surged 4.74% to $318.07 with a trading volume of $1.35 billion. This rally coincides with the launch announcement of MANTA on Binance Launchpool, highlighting the market’s positive response to new developments on the platform.
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