Bitaigen Research In this article we outline Binance’s latest Launchpool deployment, focusing on the technical highlights, ecosystem advantages, and potential market impact of the zero‑knowledge proof Layer 2 project Manta. We also combine recent BNB price movements to give a comprehensive view that may help you spot potential opportunities.
Binance has launched the 44th round of new‑token mining on Launchpool, with the first batch supporting the zero‑knowledge proof Layer 2 project Manta. BNB reached a daily high of over $320.
The exchange Binance announced on 15 January 2024 that it is officially adding Manta (MANTA)—a privacy‑focused Layer 2 solution built on ZK zero‑knowledge proofs—to the 44th “New‑Token Mining” program.
*Note for U.S. users: access to Binance services must be through Binance.US, not the global Binance platform.*
Users can, after 08:00 UTC+8 on 16 January 2024, deposit BNB or FDUSD into the MANTA mining pool on the Launchpool platform and participate in a two‑day mining campaign to earn MANTA token rewards. Subsequently, Binance will list the following spot trading pairs at 18:00 UTC on 18 January 2024: MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY (seed tag added).
Manta Launchpool Details
| Project | Details |
|---|---|
| **Token Name** | Manta (MANTA) |
| **Maximum Supply** | 1,000,000,000 MANTA |
| **Initial Circulating Supply** | 251,000,000 MANTA (25.1 % of total) |
| **Mining Allocation** | 30,000,000 MANTA (3 % of total) |
| **Smart Contract** | https://pacific-explorer.manta.network/token/0x95CeF13441Be50d20cA4558CC0a27B601aC544E5 |
| **Participation Requirement** | Completion of KYC (Know‑Your‑Customer) verification |
| **Individual Hourly Cap** | BNB pool: 50,000 MANTA; FDUSD pool: 12,500 MANTA |
In addition, Binance clarified that users who previously participated in the Polkadot (DOT) Manta slot auction on the platform and received MA tokens can exchange MA for MANTA on a 1:1 basis.
Manta (MANTA) Project Overview
According to the official Manta documentation, the project leverages zk‑SNARK technology to achieve end‑to‑end anonymity, high throughput, and cross‑chain operations. Core functionalities include:
- Decentralized privacy payment protocol
- Privacy‑preserving token swap protocol
- Future privacy lending and synthetic‑asset protocol
Key technical features:
- Modular data availability – Transaction data availability is handled by Celestia, reducing processing costs on Manta Pacific.
- Permissionless smart contracts – Supports deployment of Solidity contracts compatible with the EVM.
- Universal circuits – Developers can build ZK‑enabled DeFi, GameFi, identity, and other multi‑scenario applications using generic circuits.
- zkEVM proofs – Utilizes batch verification of ZK proofs to enhance cryptographic security.
BNB Price Breaks $320
Binance has been frequently adding new token‑mining projects, which has provided upward momentum for its native token BNB. Following the Manta launch, BNB peaked around $320 at approximately 20:15 UTC yesterday. At the time of writing, the price has slipped slightly to $316.2, reflecting a 24‑hour gain of 4.24 %.
Tax reminder: Cryptocurrency gains may be subject to tax in your jurisdiction. Please consult a tax professional to understand your local obligations.
The information above provides a complete overview of Binance’s new token‑mining launch of the ZK zero‑knowledge proof project Manta and the BNB price breakthrough past $320. For further details, stay tuned to Bitaigen’s (比特根) upcoming reports.
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⚠️ Risk Disclaimer: Crypto prices are highly volatile. This is not investment advice.
