Binance Integrates Manta Network Amid $800M TVL Surge

Manta Network

Binance has introduced MANTA Network as its 44th project, strategically aligning with the impressive growth of Manta Pacific, which now boasts a Total Value Locked (TVL) surpassing $800 million.

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This move showcases Binance’s commitment to innovation and its recognition of the significant impact of Manta Pacific in the decentralized finance (DeFi) sector. The addition of MANTA to the Binance ecosystem holds the potential for exciting developments and synergies between the two platforms.



Binance Launches MANTA: 44th Project with Innovative Staking

Binance, a prominent player in the cryptocurrency exchange arena, has introduced its 44th project on Binance Launchpool – Manta (MANTA). Manta stands out as a modular Layer 2 solution designed for Zero-Knowledge (ZK) applications. In a strategic move, Binance has provided users the opportunity to stake their BNB and FDUSD separately in pools to farm MANTA tokens over a two-day period.

This development coincides with the significant momentum gained by Manta Pacific, an in-house Layer 2 modular blockchain operated by Manta Network. Manta Pacific has witnessed a noteworthy surge in Total Value Locked (TVL), reflecting its growing influence in the decentralized finance (DeFi) landscape. The addition of MANTA to Binance Launchpool presents crypto enthusiasts with an innovative pathway to actively participate in the expanding DeFi ecosystem.

Binance Launches MANTA with Unique Staking Options

Binance, a prominent cryptocurrency exchange, has unveiled details about the listing of its 44th project, MANTA, set for January 18, 2024. The trading pairs will include MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY. The Seed Tag integration will seamlessly incorporate MANTA into the Binance ecosystem.

The MANTA Launchpool introduces a maximum token supply of 1 billion MANTA, with 3% (30 million MANTA) allocated as rewards. During the farming period from January 16 to January 17, 2024, users can stake BNB and FDUSD separately, each with its reward pool. This aligns with Binance’s commitment to fostering innovative decentralized solutions.

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Binance users are encouraged to leverage the hourly rewards and explore the robust features of MANTA. The launch reflects Binance’s dedication to user-friendly experiences, allowing participants to unstake funds at any time, switch between pools seamlessly, and accumulate rewards directly in their spot accounts. The Launchpool is supported by Binance BNB Vault and Locked Products, ensuring a comprehensive and inclusive engagement for users staking BNB. This initiative reinforces Binance’s commitment to empowering the cryptocurrency community with cutting-edge opportunities in the DeFi space.

Binance Launchpool Alert and Manta Network’s Ascendancy

As the crypto community buzzes with anticipation for Binance’s 44th project, MANTA, users are reminded to check eligibility based on their country or region. Compliance with jurisdictional regulations is crucial, and users can refer to the Launchpool page for instructions. Residents in certain countries, such as the United States, Japan, and Canada, might not be eligible for participation.

The listing news has sparked enthusiasm among crypto enthusiasts, coinciding with Manta Pacific’s impressive Total Value Locked (TVL) surge. Manta Pacific, the Layer 2 modular blockchain by Manta Network, has witnessed its TVL climb to $838 million, reinforcing its stature as a robust Ethereum ecosystem Layer 2 solution.

MANTA’s addition to Binance Launchpool aligns with Binance’s commitment to innovation and ecosystem expansion. This move positions MANTA as a promising gateway for users to dive into the dynamic realm of decentralized finance (DeFi). The crypto community eagerly awaits the transformative impact of MANTA, not only within Binance Launchpool but across the broader crypto landscape.

Simultaneously, BNB experiences a rally, surging by 4.74% to $318.07, accompanied by an 80% spike in trading volume to $1.35 billion. This highlights the dynamic market response to Binance’s strategic initiatives and the growing anticipation for MANTA’s role in shaping the future of decentralized finance.


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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  • Asad

    Asad is a dynamic and talented cryptocurrency content author who brings a wealth of knowledge and enthusiasm to every article. With a deep understanding of blockchain technology and a passion for digital assets, Asad's writing is both informative and engaging.

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