Manta Network: The reserved and deposited $MANTA funds to Bithumb are primarily aimed at investing in and growing Manta Network's Korean community.
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Manta Network: The reserved and deposited $MANTA funds to Bithumb are primarily aimed at investing in and growing Manta Network's Korean community.
TechFlow reports that in response to previous concerns from the Korean community regarding Manta Network's token allocation, Manta Network has clarified: On January 18, according to the disclosed tokenomics model, within the unlocked portion of the 50 million $MANTA allocated to the Ecosystem/Community Development Fund, a total of 3 million $MANTA tokens were reserved specifically for expanding Manta’s presence in the Korean market. Of this amount, 2 million $MANTA was converted into ETH via a top-up on the Manta Pacific chain to Bithumb, with an actual average execution price of $2.55, ensuring sufficient funding availability. These funds are intended to support investments and growth initiatives for Manta Network’s Korean community, particularly by empowering local developers and grassroots communities to amplify Manta’s visibility in Korea. The undistributed portion of the airdrop remains reserved solely for users who have not yet claimed or minted their NFTs; after 180 days post-TGE, community members will vote on the reallocation of any unclaimed airdropped tokens. The 2 million MANTA top-up transaction and the corresponding withdrawal record of 2,094.7 ETH from Bithumb are publicly verifiable.
Navigating Web3 tides with focused insightsTechFlow news: In response to previous concerns from the Korean community regarding Manta Network's token distribution, Manta Network stated that on January 18, according to the disclosed tokenomics model, within the 50 million $MANTA tokens unlocked from the Ecosystem/Community Development Fund, a total of 3 million $MANTA tokens were reserved for expanding the South Korean market. Of this amount, 2 million $MANTA were deposited via the Manta Pacific chain to Bithumb and exchanged into ETH at an average execution price of $2.55 to ensure available funding.
These funds are intended to support investments and grow Manta Network’s community in Korea, particularly by empowering local developers and community initiatives to increase Manta Network’s visibility and presence in the region.
The undistributed portion of the airdrop is solely reserved for users who have not yet claimed their NFTs. After 180 days post-TGE, community members will vote on how to redistribute any unclaimed airdropped tokens.
Deposit record of 2 million MANTA
Withdrawal record of 2,094.7 ETH from Bithumb
