TechFlow news: Manta Network has announced the MANTA token economics. The total supply of MANTA is 1,000,000,000, with an annual minting rate of 2% starting from Token Genesis. The initial circulating supply of MANTA at TGE is 251,000,000 tokens. At the TGE stage, the released MANTA tokens will be allocated to airdrops, New Paradigm (Airdrop 2), public sale, advisors, and ecosystem and community.
Airdrop — 5.60%
The claim period for the MANTA airdrop lasts six months, starting on January 18, 2024, and ending on June 18, 2024, at 11:59 PM UTC.
- 50,000,000 $MANTA from the "Into the Blue" campaign will unlock at TGE.
- 6,000,000 $MANTA will unlock at TGE and be distributed to users who participated in the Binance parallel chain auction.
- Unclaimed rewards after the claim period will be reallocated back to the ecosystem fund, with redistribution determined by community governance.
New Paradigm (Airdrop 2) — 6.5%
6.5% of the total $MANTA supply will be allocated to participants of the New Paradigm program.
- 50,000,000 $MANTA NFT rewards will be released at TGE.
- 15,000,000 $MANTA for ecosystem incentives will be released three months after TGE.
- Unclaimed rewards after the claim period will be reallocated back to the ecosystem fund, with redistribution determined by community governance.
Other Allocations
- Binance Launchpool — 3.00%
- Public Sale — 8.00%
- Private Round — 12.94%
- Strategic Investors — 6.17%
- Institutional Investors — 5.00%
- Ecosystem/Community — 21.19%
- Foundation Treasury — 13.50%
- Team — 10.00%
- Advisors — 8.10%
- Projected Validator/Emissions Rewards — 2% annually
Manta Network is a modular blockchain for zero-knowledge (ZK) applications. Manta Pacific is a modular Layer 2 ecosystem designed for EVM-native ZK applications and dApps aiming to deliver the lowest costs and best user experience.
