$MANTA Tokenomics

Manta Network, a modular ecosystem designed for scalable next-generation decentralized applications (dApps), currently consists of two networks: Manta Pacific on Ethereum and Manta Atlantic on Polkadot. Manta Pacific offers a scalable and cost-effective gas-fee environment for dApps on Ethereum, while Manta Atlantic is a fast ZK (Zero-Knowledge) L1 chain on Polkadot, providing confidential on-chain identities and credentials through zkSBTs (Zero-Knowledge Succinct Block Proofs).
The Manta Network operates with a modular approach to meet evolving market needs for dApps, focusing on scalability and modularity to support current and future decentralized applications.

Manta Pacific:

Manta Pacific utilizes Celestia for modular data availability, significantly reducing gas fees and making it the most inexpensive Ethereum Layer 2 (L2). The integration with Celestia has saved users over $750,000 in gas fees. The native utility and governance token of the Manta Network ecosystem is $MANTA, and its key features include:

• Total Supply: 1,000,000,000 $MANTA at Genesis.
• Yearly Minting Rate: 2% starting from Token Genesis.
• Governance: Token holders can vote on network governance decisions for both Manta Pacific and Manta Atlantic.
• Staking: Staking $MANTA contributes to the security of Manta Atlantic.
• Collator Delegation: $MANTA holders can delegate holdings to collators or stake $MANTA to run collators, securing the network.
• Network Fees: Manta Atlantic uses $MANTA for transaction fees.
• Native Liquidity & Collateral: $MANTA can be used for liquidity and collateral within the Manta ecosystem.

$MANTA Utility on Manta Pacific:

Manta Pacific is designed to generate value for token holders, contributors, builders, and users through on-chain activities, zk applications, and revenue generation. The value accrual is distributed to support builders, contributors, and users within the ecosystem.

Manta Atlantic:

$MANTA serves various functions within the Manta Atlantic ecosystem, including network usage fees, medium of exchange, governance rights, and network security through incentivizing collators.

$MANTA Token Allocation:

The initial total supply of $MANTA at launch is 1 billion tokens, with allocations for public investors, private investors, strategic investors, institutional investors, the foundation, team, and advisors. Interoperability between Manta Pacific and Manta Atlantic allows tokens to flow between the two networks, influencing the current circulating supply.

Token Release Schedule:

$MANTA tokens will be released based on categories such as airdrop, New Paradigm (Airdrop 2), Binance Launchpool, public sale, private round, strategic investors, institutional investors, ecosystem/community, foundation treasury, team, advisors, and estimated validator/emission rewards.

Efforts Towards Transparency:

Manta Network aims for transparency by displaying relevant metrics through a dashboard and verifying and publishing contracts on-chain.

About Manta Network:

Manta Network, founded by experienced individuals from prestigious institutions, is a modular blockchain for ZK applications. It has received investments from top web3 funds like Binance Labs and Polychain Capital, growing through accelerators such as Alliance DAO and Berkeley Blockchain Xcelerator.
In conclusion, Manta Network's comprehensive tokenomics and modular design position it as a promising ecosystem for the development and growth of next-generation decentralized applications.