Manta Network, a leading platform for scalable decentralized apps, announced it will airdrop its governance token MANTA on January 18th as a thank-you to long-term supporters. The airdrop aims to reward those who have contributed to the growth of Manta’s layer 1 and layer 2 blockchain networks.
Manta operates two complementary chains – Manta Pacific, a modular layer 2 network, and Manta Atlantic, a layer 1 blockchain built on Polkadot. Manta Pacific has seen rapid growth recently, with total value locked increasing 70x in the last quarter to over $850 million.
The airdrop will distribute MANTA, the native utility and governance token of the Manta ecosystem. On the Manta Pacific layer 2, MANTA provides users benefits like reduced gas fees and sequencer revenue. The token incentivizes growth by improving the user experience and rewarding builders and contributors.
On the Manta Atlantic layer 1, MANTA serves as a network usage fee, and medium of exchange, and can be staked for rewards. The total supply is 1 billion MANTA tokens, with an annual inflation rate of 2% starting at Genesis.
This airdrop aims to thank early adopters who believed in Manta’s vision of highly scalable decentralized apps. It represents Manta’s commitment to decentralization and community-driven governance. The impressive growth of Manta Pacific shows the ecosystem’s momentum, which should only increase following this user-friendly airdrop.
