Binance launches Manta Coin: an innovative Altcoin with a staking opportunity

Binance, the crypto exchange giant, has just unveiled its 44th project. This launch marks a significant milestone with the introduction of Manta Coin (MANTA), an innovative altcoin accompanied by enticing staking offerings, promising to redefine the landscape of layer 2 solutions for ZK applications.

Binance Launches Manta Coin

Binance, the essential platform in the crypto market, takes it to the next level with the launch of Manta Coin. This 44th project illustrates Binance’s capacity to innovate by offering a layer 2 solution for ZK applications. Considering the success of the previous project with the performance of Launchpad tokens, Manta Coin could also hold some pleasant surprises. It might even be one of the assets to watch in the next bullish season.

Introducing @MantaNetwork $MANTA on #Binance Launchpool!

Farm #MANTA by staking #BNB and $FDUSD.

➡️ https://t.co/by5SxWCfLf pic.twitter.com/U1Xb1X5rQl

— Binance (@binance) January 15, 2024

Staking enthusiasts at Binance will be delighted: they will have the opportunity to receive Manta Coin, with a maximum supply reaching one billion tokens. Indeed, with 30 million tokens available as Launchpool rewards, investors have something to be excited about. The initial circulation represents 25.1% of the maximum token supply, that’s 251 million MANTA, an enticing prospect for early adopters.

Promising Staking Rewards

Binance doesn’t stop there and offers attractive staking to acquire MANTA. Starting January 16, users can lock their Binance Coin (BNB) or FDUSD in separate pools, paving the way for the new crypto to be listed on January 18. Several pairs will be available, increasing flexibility for traders. These new pairs are MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY.

The staking interface, soon to be operational, will primarily favor holders of Binance’s native crypto (BNB), who will be allocated 80% of the rewards. This initiative has already positively impacted the price of BNB, which has seen a significant though temporary increase. Currently, Binance Coin (BNB) is trading at $319.16 and has seen a 4.65% rise in market capitalization.

Binance, with the launch of Manta Coin and its new staking options, continues to assert itself as an innovative leader in the crypto universe. This indeed opens up new avenues for investors and crypto enthusiasts.