Binance Exchange announced last night the launch of its 44th “New Coin Mining” project: Manta (MANTA), a privacy zero-knowledge proof (ZKP) project. Users can participate in mining by depositing BNB and FDUSD into the MANTA mining pool after 8:00 on January 16th. BNB has also surged above $320 due to incentives.
Introduction:
Binance Launchpool: What is it? How to participate in “New Coin Mining”? Is the return good?
Detailed information on Manta Launchpool:
Manta (MANTA) information:
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)
Total mining supply: 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 pool: 50,000 MANTA; FDUSD 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 converted to MANTA tokens at a 1:1 ratio.
Note: How to participate in Binance Launchpool can be found in the complete tutorial on “New Coin Mining”.
What is Manta (MANTA)?
According to the official explanation from Manta, it adopts zk-SNARK technology to provide complete end-to-end anonymity, high throughput, and cross-chain 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 for each transaction is handled by Celestia, reducing the cost of processing each transaction on Manta Pacific.
Permissionless smart contracts: Projects on Manta Pacific can deploy Solidity-based smart contracts compatible with the EVM environment.
Universal circuits: Developers can use Manta Pacific’s universal circuits to build ZK-supporting applications for different use cases, including DeFi, GameFi, identity, and more.
zkEVM proof: Batch verification of transactions using ZK proof 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 experienced a decent increase last night, breaking above $320 around 20:15. At the time of writing, it has slightly pulled back to $316.2, with a 24-hour increase of 4.24%.
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