We are thrilled to share that Manta Network (MANTA) is now listed on Coinhako!
What are Manta Network and MANTA?
Manta Network is a privacy-focused DeFi platform built on the Substrate framework, suggesting compatibility with the Polkadot ecosystem. Designed for privacy and scalability, Manta addresses common concerns about transaction privacy and speed. Manta also utilizes advanced cryptography to ensure confidential and secure transactions, which appeals to users who prioritize data security and anonymity.
The MANTA token has several uses, including network governance, staking, and delegation to enhance security. Token holders can also use protocols on the Atlantic network, which include lending, trading, and liquidity management products, contributing to Manta's growing total value locked (TVL).
There is a total supply of 1,000,000,000 MANTA, and MANTA has traded for US $$4.08 at its peak.
How does the Manta Network work?
There are actually two separate networks within the Manta Network, the Manta Pacific and Manta Atlantic. Each network serves distinct purposes within the ecosystem:
Manta Pacific
Manta Pacific is an Ethereum-compatible platform for zero-knowledge applications operating on Layer 2 that prioritizes scalability and security. Manta Pacific uses Celestia for data availability and Polygon zkEVM for improved performance. The platform's design enables lower gas fees and higher scalability, making it efficient for developing and deploying dApps. Manta Pacific supports Universal Circuits, allowing developers to build ZK-enabled apps using Solidity and the Universal Circuits SDK.
Manta Atlantic
Manta Atlantic is a ZK Layer 1 network offering a fast, decentralized platform with modular on-chain compliance identities. Its products include zkNFTs, staking, and ecosystem projects. Manta Atlantic's unique focus is on ZK compliance credentials and interoperability, including a private address system (zkAddress) that shields information like SBT minting, on-chain credentials, and off-chain identities.
Why does Manta Network stand out?
Manta Network’s innovations lie in its ability to blend privacy with compliance, scalability with ease of use, and advanced cryptographic techniques with familiar development environments. The following examples are why Manta Network could become a leading player in driving forward the next generation of web3 applications:
Zero-knowledge proofs: Manta Network leverages zero-knowledge proofs to ensure transaction privacy while maintaining the integrity and transparency essential to blockchain technology
EVM Compatibility: Manta Pacific's approach allows Ethereum developers to easily transition to or expand their applications within the Manta ecosystem, bridging the gap between Ethereum's widespread adoption and ZK technology's advanced privacy features.
Universal Circuits: Manta Atlantic and Manta Pacific use Universal Circuits, simplifying ZK app development. This lets developers focus on the application logic rather than ZK proof complexities.
What can you do with MANTA on Coinhako?
MANTA will be available for users to trade across all swap pairs on Coinhako.
To gain access to any of these trading pairs, you can either:
- Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment method)
- Purchase MANTA instantly with Visa / Mastercard
Please note that the sending and receiving of MANTA will not be available for this release.
Risk Warning on Digital Payment Token Services
Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).
The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
- Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
- You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
- You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
- You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
Visit: Coinhako.com/risk-disclosure for more information.