MANTA project analysis

1. Project introduction
Manta Network is a modular blockchain focused on zero-knowledge (ZK) applications and is a modular L2 for ZK applications. The program was founded by an experienced team of founders, including professionals from prestigious universities such as Harvard University and MIT.

2. Investment institutions
Manta Network has attracted support from several top Web3 investment funds, including Binance Labs and Polychain Capital.

3. Project hot spots
According to on-chain data, as of the time of publication, New Paradigm’s TVL exceeded 900 million and was listed on Binance Launchpool

3.MANTA Overview
The genesis supply of MANTA is 1 billion (annual minting rate of 2%), and the initial circulating supply is 251 million MANTA (25.1% of the maximum supply of the token).

Of the total initial supply of MANTA:

1. Allocate 8% to the public sale (80 million coins, of which 40 million coins will be released initially, and the rest will be released month by month in the next 6 months);
2. 12.94% allocated to the private equity round;
3. 6.17% allocated to the strategic round;
4. Allocate 5% to the institutional round;
5. 5.6% allocated to the first phase of airdrop;
6. Allocate 3% to Binance Launchpad;
7. 21.19% allocated to ecology and community;
8. 13.5% allocated to the foundation;
9. 6.5% allocated to New Paradigm (Airdrop 2);
10. Allocate 10% to the team;
11. 8.1% allocated to consultants.

4. Token release plan:

The total supply of MANTA at the time of initial issuance is 1 billion. Starting with TGE, the network will allocate 2% of the total issuance to stakers every year to maintain network security. Additional tokens will be issued as part of the Estimated Validator/Issuance Reward Token distribution.

5. Other project information:
Website: https://manta.network/
X: https://twitter.com/MantaNetwork