Binance Launchpool: Earn Manta (MANTA) Tokens by Staking BNB or FDUSD

Leading cryptocurrency exchange Binance has announced Manta as the next project that will be featured on the Binance Launchpool staking platform.

Between January 16 at 00:00 UTC and January 17 at 23:59 UTC, users will be able to earn Manta (MANTA) tokens on Binance simply by staking BNB or FDUSD. The staked coins can be withdrawn at any time, and you’ll be able to keep your MANTA token rewards even if you withdraw before the farming period concludes.

Earn MANTA Tokens on Binance

Binance plans to distribute 3% of the total MANTA token supply to users on Launchpool. This translates to 30 million tokens out of a total supply of 1 billion tokens.

80% of these rewards will be distributed to BNB stakers, while the FDUSD pool will receive 20% of the rewards. However, this doesn’t necessarily mean that you will earn more  MANTA if you stake BNB rather than FDUSD. It all depends on how big the size of your stake is relative to the size of the staking pool you’ve selected. 

In addition to featuring Manta on its Launchpool platform, the Binance exchange will also be listing the MANTA token for trading. Trading will go live on January 18 at 10:00 UTC, and MANTA will be available in trading pairs against BTC, USDT, BNB, FDUSD, and TRY.

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

It is worth noting that Binance will be listing MANTA with the “Seed Tag”, which is used to label crypto projects that are still very early in their development. Cryptocurrencies with this tag were previously known in the “Innovation Zone”. The purpose of the Seed Tag is to let users know that the cryptocurrency might be more volatile and risky compared to most other cryptos listed on the exchange.

What is Manta (MANTA)?

Manta is a project that has created a blockchain platform which leverages zero-knowledge (ZK) technology for improved privacy and unique use cases. Manta utilizes a modified version of Optimism’s OP Stack, as well as Celestia for data availability. 

Currently, the project’s Manta Pacific network is the 4th-largest Ethereum layer 2 in terms of value locked, according to data from L2Beat. The network made its mainned debut in September of 2023. However, Manta is also working on Manta Atlantic, which is a network that’s designed to be used in conjunction with on-chain identities for compliance purposes. By leveraging ZK tech, Manta Atlantic aims to be a platform for compliant services while protecting user privacy.

Manta Network is also involved in the Polkadot ecosystem. The project was the winner of the 39th parachain slot auction, which allowed the project to secure a parachain slot that lasts between February 2023 and December 2024.

The MANTA token is the native utility token of the networks created by the Manta project. It gives holders governance rights, can be staked to help secure the network and earn rewards, and is also the currency used for paying transaction fees. The token is also designed to function as native liquidity and collateral. 

Explore $MANTA, the native utility and governance token of @MantaNetwork ?$MANTA empowers users across #MantaPacific and #MantaAtlantic, facilitating an improved experience for the modular ecosystem built for scalable, next-generation dApps.https://t.co/XFwIhLy9L9

— Manta Network (?,?) #MantaNewParadigm (@MantaNetwork) January 15, 2024

How to earn MANTA tokens on Binance Launchpool?

If you want to earn MANTA tokens, the first thing you’ll need is a Binance account.

Create Binance Account

Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Manta token farming on Binance Launchpool.

Once your account is ready, you’ll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways of buying these tokens with either crypto or fiat. 

After your account is verified and loaded up with some BNB or FDUSD, head over to the menu on the top side of the Binance interface and select “More”. Then, go to “Launchpad & Launchpool”.

Then, find the available Manta farming pools. Depending on which tokens you want to stake, select BNB Pool or the FDUSD Pool. Next, follow the instructions provided by the exchange.

As a final note, here’s a quick breakdown of key dates and information about the Manta Launchpool campaign: