Manta Network serves as a comprehensive ecosystem for zero-knowledge (ZK) applications with a modular approach.
Manta comprises two distinct networks:
- Manta Pacific: Positioned as a unique Layer 2 (L2) ecosystem on Ethereum tailored for EVM-native ZK applications, Manta Pacific offers a cost-effective and scalable gas-fee environment. It simplifies the deployment of ZK applications using Solidity.
- Manta Atlantic: Distinguished as the fastest ZK Layer 1 (L1) chain on Polkadot, Manta Atlantic introduces programmable identities and credentials to web3 through zkSBTs.
The combination of Manta Pacific and Manta Atlantic presents an unparalleled development and adoption experience for the next generation of web3 applications. Leveraging zero-knowledge cryptography, Manta Network aims to redefine the landscape.
Founded by a team of experienced individuals from prestigious institutions such as Harvard, MIT, and Algorand, Manta Network has garnered investments from leading web3 funds, including Binance Labs and Polychain Capital. The project has thrived in premier web3 accelerators such as Alliance DAO and Berkeley Blockchain Xcelerator. Positioned to attract the next wave of web3 users, Manta Network is poised to spearhead a new era of web3 zkApp applications.
What is Celestia?
To truly get what Celestia is all about, let’s start by unpacking the idea of a modular blockchain. Imagine a blockchain as a complex system with multiple tasks like handling transactions, reaching agreements, and storing data. Now, modular blockchains, like the one Celestia employs, take a different and smarter approach to handle all these tasks efficiently.
In simple terms, Celestia’s modular design breaks down these various tasks into separate layers. It’s like organizing a big task into smaller, specialized teams, each focusing on a specific aspect of the job. This customization allows Celestia to create a more robust and adaptable system. Contrast this with a monolithic design, like having everyone do everything in a single layer. It’s less flexible and can be a bit clunky because all the important processes—like executing transactions, settling agreements, reaching consensus, and managing data—are happening in the same space.
So, Celestia’s modular approach is like having a well-organized team, with each member doing their best, leading to a more efficient and effective blockchain system.
The capabilities that modular blockchains can specialize in include:
- Execution
- Settlement
- Consensus
- Data Availability
As a modular blockchain, Celestia focuses explicitly on providing consensus and Data Availability (DA) for various chains. The DA layer is a crucial tool, ensuring that information on the ledger is visible and accessible to everyone.
Features of Celestia
Celestia’s scaling solution introduces two essential features:
- DA Sampling:
- This feature enables lightweight nodes to verify data availability without downloading the entire block. By allowing light nodes to conduct multiple rounds of random checks on small portions of block data, they can gain confidence that the required data is present. This enhances network security and speed and allows light nodes to operate on more cost-effective hardware than full nodes.
- Namespaced Merkle Trees (NMTs):
- NMTs divide the ledger into distinct sections tailored for different applications. Each application focuses solely on its designated section without being bothered by information from other applications. This organizational structure streamlines the ledger, enabling each application to download only the required data. This approach enhances efficiency by avoiding unnecessary data downloads and optimizing the overall performance of Celestia’s blockchain.
Harnessing Celestia’s Data Availability (DA), Manta Pacific establishes a high-speed infrastructure that comes at a fraction of the cost compared to other Layer 2 solutions. Celestia incorporates advanced DA sampling techniques, such as two-dimensional Reed-Solomon coding and Namespaced Merkle Trees (NMTs), effectively addressing concerns related to data availability in a trust-minimized manner within Layer 2.
With Celestia serving as the Data Availability layer, Manta Pacific substantially reduces user transaction costs. This innovative approach ensures efficient data availability and contributes to a cost-effective and user-friendly experience within the Manta Pacific ecosystem.
Overview of $MANTA
| Property | Details |
|---|---|
| Abbreviation | MANTA |
| Token Type | ERC-20, Native |
| Total Supply | 1,000,000,000 MANTA |
| Inflation Schedule | 2% yearly minting rate from Jan 30th, 2024 |
| Decimals | 18 |
| MANTA (Manta Pacific) | 0x95CeF13441Be50d20cA4558CC0a27B601aC544E5 |
| MANTA (BSC) | 0x8581cc815e40615998f4561f3e24e68066293595 |
| MANTA (MoonBeam) | 0xfFFffFFf7D3875460d4509eb8d0362c611B4E841 |
| Chain | Manta Pacific |
Key Features and Utility:
- Total Supply and Governance:
- Total supply at Genesis: 1,000,000,000; 2% yearly minting rate from Token Genesis; Governance allows MANTA token holders to vote on network decisions.
- Staking and Collator Delegation:
- Staking contributes to Manta Atlantic’s security.
- Collator Delegation: Holders can delegate or stake MANTA to run collators, securing the network.
- Network Fees and Native Liquidity & Collateral:
- Manta Atlantic uses MANTA for transaction fees.
- MANTA can be used as native liquidity and collateral in the Manta ecosystem.
$MANTA Utility on Manta Pacific:
- Value Accrual for Token Holders:
- Sequencer revenue and gas savings from modular DA benefit token holders.
- Funding on-chain activities and ZK applications drive demand for blockspace.
- Builders and Contributors:
- Direct benefits for builders and contributors from retroactive on-chain activities funding.
- A well-funded ecosystem attracts builders, fostering growth in tools, education, apps, and infrastructure.
- Users and Community Members:
- Ongoing ecosystem incentives funded by MANTA benefit users and community members.
- Value extends from advantages provided by on-chain activities and ZK applications.
- Revenue Generation:
- Demand for MANTA blockspace generates revenue.
- Sequencer revenue accrues to Manta Foundation for redistribution.
$MANTA Utility on Manta Atlantic:
- Network Usage Fee:
- Transactions incur a usage fee; 72% is allocated to ecosystem projects, 18% to the treasury, and 10% to collators.
- Medium of Exchange:
- MANTA serves as the native currency for Manta Network.
- Used to purchase credentials like zkSBTs and zkKYCs within the network.
- Governance Rights:
- MANTA is the voting weight for on-chain governance decisions.
- Utilized for proposing referenda, electing council members, and shaping the future of the Manta network.
- Network Security:
- Collators play a crucial role; MANTA tokens incentivize them for a robust and decentralized network.
- 2% of total issuance annually is allocated to stakes for maintaining network security.
- Airdrops:
- A portion of the MANTA supply is allocated to airdrops, rewarding active users supporting the Manta ecosystem.
Token Allocation for $MANTA
The initial total supply of $MANTA is set at 1,000,000,000 tokens, distributed across the specified categories as illustrated in the chart and table below.
Certainly! Here’s the information presented in bullet points and paragraphs:
- Market Cap:
- Percentage: 30.37%
- Value: $729,622,035 (#85)
- Volume (24h):
- Percentage: 71.43%
- Value: $501,790,985 (#17)
- Volume/Market Cap (24h):
- Percentage: 68.65%
- Circulating Supply:
- Quantity: 251,000,000 MANTA
- Percentage of Total Supply: 25.10%
- Total Supply:
- Quantity: 1,000,000,000 MANTA
- Max. Supply:
- Quantity: 1,000,000,000 MANTA
In summary, $MANTA’s market cap is 30.37% of the total cryptocurrency market, amounting to $729,622,035 and ranking at #85. The 24-hour trading volume is 71.43%, totalling $501,790,985 and ranking at #17. The volume-to-market cap ratio over the last 24 hours is 68.65%. The circulating supply of MANTA is 251,000,000 tokens, constituting 25.10% of the total supply, which is 1,000,000,000 MANTA. The maximum supply is also 1,000,000,000 MANTA. Information regarding the fully diluted market cap is not provided.
The image presents a token distribution schedule for a Manta Network, detailing how the total supply is allocated across different categories and their respective release plans. The ‘Public Sale’ category is allocated 8% (80,000,000 tokens) with a 40 million initial release at the Token Generation Event (TGE) and subsequent monthly releases over 6 months. The ‘Private Round’ holds 12.94% (129,400,000 tokens) subject to a 12-month cliff, with a linear release over the next 36 months. ‘Strategic’ participants receive 6.17% (61,700,000 tokens), and ‘Institution’ investors get 5% (50,000,000 tokens), following a 12-month cliff with a linear release over 36 months.
The ‘Airdrop’ section is 5.60% (56,000,000 tokens) with a 100% release at TGE, while the ‘Binance Launchpool’ gets a 3% allocation (30,000,000 tokens), also fully released at TGE. A significant portion, 21.19% (211,900,000 tokens), is reserved for the ‘Ecosystem / Community’ with a 50 million initial release at TGE, then a linear release over 48 months, distributed through governance.
The ‘Foundation’ is set to receive 13.50% (135,000,000 tokens) with a linear release over 72 months. The ‘New Paradigm (Airdrop 2)’ is allocated 6.50% (65,000,000 tokens), with a 50 million initial release at TGE and a 1.5% release 3 months after TGE. The ‘Team’ category gets 10% (100,000,000 tokens) subject to an 18-month cliff, followed by a 48-month linear release. Lastly, ‘Advisors’ are allocated 8.10% (81,000,000 tokens) with a 25 million initial release at TGE and a rest monthly release over 30 months.
Manta Network Price Prediction (as of January 2024)
| Year | Prediction #1 | Prediction #2 | Prediction #3 |
|---|---|---|---|
| 2024 | $5.34 | $4.19 | $4.11 |
| 2025 | $6.28 | $6.25 | $5.85 |
| 2030 | $18.03 | $37.99 | $37.10 |
Manta Network’s future price is subject to speculation, with varying predictions for different timeframes. Notably, these predictions acknowledge that forecasts, especially in the volatile cryptocurrency market, may not always be accurate and can change due to various factors.
Manta Network 2024 Predictions:
- DigitalCoinPrice forecasts MANTA to reach $5.34.
- PricePrediction.net predicts a value of $4.19.
- Changelly suggests a year-end value of $4.11.
Manta Network 2025 Predictions:
- Changelly anticipates MANTA trading at $5.85.
- DigitalCoinPrice predicts a value of $6.28.
- PricePrediction.net estimates a value of $6.25.
Manta Network 2030 Predictions:
- PricePrediction.net provides a long-term prediction of $37.99.
- Changelly suggests a value of $37.10 for the year.
- DigitalCoinPrice forecasts that MANTA will be valued at $18.03.
Google BardAI Price Prediction (as of January 2024)
Short-Term (Manta Network Price Prediction for April 2024)
- Price Range: $2.12 to $2.40
- Factors: The overall cryptocurrency market performance, the release of new Manta Network products/features, and adoption by businesses and institutions.
Medium Term (Manta Network Price Prediction for July 2024)
- Price Range: $2.10 to $3.62
- Factors: Overall market performance, adoption by businesses and institutions, development of new features and partnerships.
Manta Network Price Prediction for 2029
- Price Range: $42.00 to $84.00
- Factors: Increased adoption by businesses and users, development of new features and applications, positive news coverage.
It’s important to note that these predictions, including those from artificial intelligence, should be cautiously approached due to the cryptocurrency market’s inherent uncertainty. Various factors, such as market trends, product developments, and adoption rates, can influence the actual future performance of Manta Network.
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