Manta Network to Reward Community with MANTA Token Airdrop
Manta Network, a platform focused on building scalable decentralized applications, is preparing to distribute MANTA tokens as an airdrop to its community. This event, scheduled for January 18, 2024, is a gesture of appreciation towards long-term supporters of Manta’s two networks: Manta Pacific and Manta Atlantic. Manta Pacific has seen a significant increase in Total Value Locked (TVL) in the past quarter, making it the fastest-growing L2 network. The native utility token within the Manta Network ecosystem is MANTA, which offers various use cases outlined in the tokenomics.
MANTA Token Holders to Receive Additional Benefits
On Manta Pacific, holders of the MANTA token will enjoy benefits such as gas fee savings and sequencer revenue. The purpose of the token is to enhance user experience and interactions with zkApps in the ecosystem. Builders and contributors will directly benefit from MANTA, promoting growth and sustainability. The token can also be used to fund other projects and generate revenue. On Manta Atlantic, MANTA serves as a network usage fee, medium of exchange, governance rights, network security, and allocation for ecosystem projects.
Airdrop Details and Bonus Rewards
The airdrop will be divided into two categories: Airdrop Rewards and Airdrop Bonus Rewards. Airdrop Rewards account for 3% of the total token supply and will allocate 30,000,000 $MANTA to users and supporters of both Manta Atlantic and Manta Pacific. Airdrop Bonus Rewards comprise 2% of the total supply and will distribute an additional 20,000,000 $MANTA to supporters and users within the Manta ecosystem.
Manta Network’s Efforts in Modular Blockchains
Manta Network has gained attention for its work in modular blockchains. It was the first Ethereum Layer 2 solution to integrate Celestia’s modular data availability model, resulting in a significant reduction in costs compared to other Layer 2 solutions. As the cryptocurrency market anticipates a new bull market phase, cost-effective and user-friendly Layer 2 solutions that can scale Ethereum effectively are expected to drive user adoption.
Hot Take: MANTA Token Airdrop Rewards Community Support
Manta Network is expressing gratitude to its long-term supporters by conducting an airdrop of MANTA tokens. This token distribution event aims to reward the community and enhance user experiences within the Manta Network ecosystem. By providing additional benefits to MANTA token holders and allocating rewards to users and supporters, Manta Network strives to foster growth and sustainability. Furthermore, Manta Network’s efforts in modular blockchains showcase its commitment to improving scalability and reducing costs for developers and end users. With its upcoming airdrop, Manta Network solidifies its position as an innovative platform that values community engagement and progress.
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