Manta Network is a modular ecosystem built for the next generation of decentralized applications (dApps). To meet changing market demands, Manta Network provides a unique scalability environment, particularly across its two primary networks - Manta Pacific and Manta Atlantic. This article will delve into the economic model of the MANTA token and its various application scenarios in the Manta ecosystem.
MANTA Token Overview
The initial total supply of MANTA tokens is 1 billion MANTA, and will be issued in additional amounts of 2% per year starting from the initial issuance of the tokens. In addition to being the native utility and governance token of the Manta Network ecosystem, the MANTA token also fulfills multiple important roles:
Governance: MANTA token holders can vote on governance decisions for the Manta Pacific and Manta Atlantic networks, ensuring the community’s voice is heard.
Staking: Staking MANTA helps enhance the overall security of Manta Atlantic.
Delegation: Holders can delegate their tokens to Collator, or choose to stake MANTA themselves to protect the network.
Network Fees: In Manta Atlantic, transaction fees are payable in MANTA.
Native Liquidity and Collateral: MANTA tokens can be used as native liquidity tokens and collateral.
MANTA application scenarios in Manta Pacific
Manta Pacific aims to create value for token holders, contributors, builders and users through on-chain activities. Here are the key applications of MANTA at Manta Pacific:
Value accumulation for token holders: Users who hold MANTA can earn income through on-chain activities.
Builders and Contributors: Through financial support, builders and contributors can directly benefit from on-chain activities and promote the development of tools, market education, applications and infrastructure.
Users and community members: The use of MANTA will enable users to participate in various activities of the ecosystem and obtain more benefits and rights.
Revenue generation: Through on-chain activities, MANTA token holders will enjoy revenue distribution, further stimulating innovation.
MANTA’s multiple functions at Manta Atlantic
In the Manta Atlantic ecosystem, the MANTA token serves several important functions:
Network Usage Fees: 72% of usage fees incurred in transactions and contract execution will be allocated to ecosystem projects to increase the incentive to build applications on Manta.
Medium of Transaction: MANTA tokens will serve as the main medium of transactions and promote economic activities within the network.
Governance rights: Users holding MANTA can participate in network governance and influence the future development of the ecosystem.
Network Security: Collators play a key role in packaging transactions and supporting block liveness, and the MANTA token incentivizes collectors to ensure the robustness and decentralization of the network.
Distribution of MANTA Tokens
The total supply of MANTA is 1 billion and the distribution of tokens will be based on the following categories:
Airdrop: 5.60%
New Paradigm (Airdrop 2): 6.5%
Binance Launchpool: 3.00%
Public sale: 8.00%
During the Token Generation Event (TGE), the initial circulating supply is 251 million MANTA, which will be distributed to users participating in various activities.
Transparency and future prospects
In order to achieve transparency, Manta Network will display relevant indicators through a dashboard to ensure that the community can understand the distribution and usage of tokens in real time. In addition, future contract deployments will also be verified and released on-chain.
Manta Network's ecosystem not only focuses on current market needs, but is also committed to providing a better platform for users and developers through continuous innovation and improvement. With the launch of the MANTA token, Manta Network will provide a broader space for the development and use of decentralized applications.
in conclusion
The launch of the MANTA token marks an important step for Manta Network in the field of decentralized applications. By providing powerful governance, staking and trading functions, MANTA will create more value for the builders, users and holders of the ecosystem. As the Manta Network continues to develop, the MANTA token will become an important force in promoting the advancement of decentralized technology.
In the days to come, Manta Network will continue to work hard to promote the development of dApps and bring more innovative experiences to users. Whether as an investment tool or as a means to participate in network governance, MANTA tokens will provide users with unlimited possibilities.