Binance, the exchange, announced the launch of its 44th “New Coin Mining” project last night: the privacy zero-knowledge proof (ZKP) project Manta. Users can participate in mining by depositing BNB and FDUSD into the mining pool starting from 8:00 today. BNB has also surged past $320.
(Previous Summary: BNB surpasses $300 due to Binance’s Launchpool new project SleeplessAI combining Web3+AI girl development game.)
(Background Supplement: What is Binance Launchpool? How to participate in “New Coin Mining”? Is the return good?)
Table of Contents
Detailed Information on Manta Launchpool
What is Manta (MANTA)?
BNB Surpasses $320
Binance, the exchange, announced yesterday (15th)
Announcement
that it has launched its 44th “New Coin Mining” project, Manta, a privacy zero-knowledge proof (ZKP) Layer2 project.
Users can participate in the two-day new coin mining activity by depositing BNB and FDUSD into the MANTA mining pool on the Launchpad website after 8:00 on January 16, 2024, Taiwanese time, and receive MANTA token rewards.
In addition, Binance will also list MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY spot trading pairs (with the addition of seed labels) at 18:00 on January 18, 2024.
Detailed Information on Manta Launchpool
According to the Binance announcement, the details of the Manta Launchpool are as follows:
Token Name: Manta (MANTA)
Maximum Token Supply: 1,000,000,000 MANTA
Initial Circulating Supply: 251,000,000 MANTA (25.1% of the maximum token supply)
Mining Total: 30,000,000 MANTA (3% of the maximum token supply)
Research Report:
Manta (MANTA)
Smart Contract Details:
MANTA Token (MANTA)
Restrictions: KYC required
Individual Hourly Mining Cap: BNB mining pool: 50,000 MANTA; FDUSD mining pool: 12,500 MANTA
It is worth mentioning that Binance also stated that users who participated in the Manta slot auction for Polkadot on the Binance platform and received MA tokens will have their MA tokens exchanged for MANTA tokens at a ratio of 1:1.
Note: How to participate in Binance Launchpool can be referred to in the tutorial on “New Coin Mining”.
What is Manta (MANTA)?
According to the official explanation by Manta, it adopts zk-SNARK technology to provide complete end-to-end anonymity, high throughput, and cross-chain operation capabilities. It includes a decentralized privacy payment protocol, a privacy token exchange protocol, and a decentralized privacy lending and synthetic asset protocol that will be developed in the future. Manta has the following features:
Modular Data Availability: The call data of each transaction is processed by Celestia, reducing the cost of processing each transaction on Manta Pacific.
Permissionless Smart Contracts: Projects on Manta Pacific can be deployed using Solidity-based smart contracts compatible with the EVM environment.
Universal Circuit: Developers can use Manta Pacific’s universal circuit to build ZK-supporting applications for different use cases, including DeFi, GameFi, identification, etc.
zkEVM Proof: Use ZK proofs to perform batch verification of transactions to ensure cryptographic-level security.
BNB Surpasses $320
Binance has recently launched multiple new coin mining projects, and its platform token BNB has also risen multiple times due to these incentives.
After the launch of the Manta (MANTA) project, BNB also achieved a good increase last night, breaking through $320 around 20:15. At the time of writing, it has slightly fallen back to $316.2, with a 24-hour increase of 4.24%.
Image Source: Binance Spot
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