
The Manta Network token, MANA, is a governance token designed to incentivize participation in the network's decentralized finance (DeFi) ecosystem.
MANA is a native token that represents the ownership and decision-making power within the Manta Network.
The total supply of MANA is capped at 100 million tokens.
A portion of the tokens is allocated to the Manta Network team, with a significant amount reserved for the community and future development.
Manta Network's tokenomics is designed to create a self-sustaining ecosystem, where the token's value is tied to the network's growth and adoption.
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Utility and Use Cases
The Manta Network tokenomics is designed to provide real utility and value to token holders, builders, and users alike. Token holders benefit from the productive re-deployment of sequencer revenue and gas savings from modular DA, which primarily fund on-chain activities and zk applications.
Builders and contributors receive direct benefits from retroactive on-chain activities funding and the markets it enables. This creates a symbiotic relationship where a well-funded ecosystem attracts builders, fostering the growth of tools, education, apps, and infrastructure.

The Manta Network allocates 72% of network usage fees to ecosystem projects, enhancing incentives for apps built on Manta. This is distributed as follows:
Collators play a crucial role in bundling transactions and supporting block liveness, and are incentivized with MANTA tokens to ensure a robust and decentralized network.
Utility on Pacific
On Pacific, the Manta Utility is designed to thrive on on-chain activities. Token holders benefit from productive re-deployment of sequencer revenue and gas savings from modular DA.
Builders and contributors receive direct benefits from retroactive on-chain activities funding and the markets it enables. A symbiotic relationship emerges as a well-funded ecosystem attracts builders, fostering the growth of tools, education, apps, and infrastructure.
Revenue is distributed to ecosystem projects and public goods funding, continually incentivizing innovation, supporting early-stage projects, and driving the adoption of cutting-edge technologies. Revenue is distributed to ecosystem projects and public goods funding.
Here are some benefits of the Manta Utility on Pacific:
- Token holders benefit from productive re-deployment of sequencer revenue and gas savings from modular DA.
- Builders and contributors receive direct benefits from retroactive on-chain activities funding and the markets it enables.
- Ongoing ecosystem and community incentives and project incentives funded by $MANTA benefit users and community members.
Demand for $MANTA blockspace generates revenue. Initial funding from the sequencer accrues to the Manta Foundation for redistribution.
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Utility on Atlantic

The $MANTA token plays a vital role in the Manta Atlantic ecosystem, serving various functions that make it a crucial part of the network.
One of the key functions of $MANTA is to facilitate peer-to-peer transfers and transactions with contracts/pallets, acting as the native currency for Manta Network.
$MANTA is also used to purchase credentials like zkSBTs and zkKYCs within the network, making it easier for users to access and utilize these important features.
The token serves as the voting weight for on-chain governance decisions, allowing users to propose referenda, electe council members, and shape the future of the Manta network.
A portion of the $MANTA supply is allocated to airdrops to reward the real, active, and pioneering users who participate in and support the Manta ecosystem.
Here's a breakdown of how the network usage fees are allocated:
The network also incentivizes collators, ensuring a robust and decentralized network, and allocates an annual 2% of total issuance to stakers for maintaining network security.
Use Cases

MANTA and KMA tokens have a range of practical applications.
Holders of MANTA token get to participate in the governance and voting process of Manta Atlantic and Manta Pacific projects.
You can also use MANTA token to pay for transaction fees on the Manta Atlantic network.
Holders of KMA token can participate in governance and voting on the Calamari network.
KMA token is used to pay for fees on the Calamari Network.
In addition, both MANTA and KMA token holders can participate in staking activities.
Efficient Fee Distribution and Ecosystem Support
In the Manta ecosystem, $MANTA tokenomics plays a crucial role in efficient fee distribution and ecosystem support. Token holders benefit from the productive re-deployment of sequencer revenue and gas savings from modular DA, which primarily fund on-chain activities and zk applications, driving demand for blockspace.
The intelligent allocation of transaction fees is a key feature of $MANTA tokenomics. These fees are divided among operators (collators) to incentivize optimal network performance and reliability.

Ecosystem projects and public goods funding receive a significant share of the revenue, which continually incentivizes innovation, supports early-stage projects, and drives the adoption of cutting-edge technologies in the Manta ecosystem. Revenue is distributed to ecosystem projects and public goods funding, fostering the growth of tools, education, apps, and infrastructure.
Here's a breakdown of how the fees are allocated:
This approach enables the Manta ecosystem to thrive, attracting builders, and fostering the growth of tools, education, apps, and infrastructure.
Token Allocation
The Manta Network token allocation is a crucial aspect of its tokenomics. The total supply of $MANTA at Genesis is set at 1 billion tokens.
This supply is complemented by an annual minting rate of 2%. The circulating supply will commence at 251 million tokens at the Token Generation Event (TGE).
A significant portion of the supply is allocated through airdrops, with 5.60% going to the Airdrop and 6.5% to New Paradigm (Airdrop 2).
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Binance Launchpool gets 3% of the total supply, available in full at TGE. Public Sale represents 8%, with half released at TGE and the remaining portion following an 18-month vesting period.
The Private Round, Strategic Investors, and Institutional Investors each receive a portion of the supply, with the Private Round and Strategic Investors subject to a 12-month cliff and linear vesting over 36 months.
Institutional Investors also follow the same vesting structure. Ecosystem / Community receives 21.19% of the supply, with 23.5% released at TGE and the balance vested linearly over 48 months.
The Foundation Treasury gets 13.50% of the supply, linearly vested over a 72-month period. Team and Advisors also receive a portion of the supply, with Team subject to an 18-month cliff, followed by a 48-month linear vesting schedule.
Advisors have 8.10% of the total supply, with 31% available at TGE and the rest vested linearly over 30 months.
The controlled emissions from the annual 2% minting will predominantly serve as rewards for staking and validator incentives.
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Interoperability and Economics

The $MANTA token plays a vital role in transaction facilitation across the Manta Network. It's used as a medium of exchange and is integral to the network's ecosystems.
The total initial supply of $MANTA tokens is 1 billion, with both the Atlantic and Pacific networks having a representation of these tokens. As liquidity flows between the two networks, tokens are locked and unlocked on the Celer bridge.
Token holders can bridge between the two networks through the Celer liquidity pool, which helps to facilitate transactions across the network.
Interoperability on Both Oceans
The total initial supply of $MANTA tokens is 1 billion, with a representation of these tokens on both Manta Atlantic and Manta Pacific.
As liquidity flows between the two networks, tokens are locked and unlocked on the Celer bridge, which is audited and open source.
Economics
The economics of interoperability are complex, but at its core, it's about creating a seamless exchange of value between different networks.

The Manta Network's $MANTA token plays a critical role in facilitating transactions across the network, serving as a medium of exchange and an integral part of the network's ecosystems.
Manta Tokenomics is a key aspect of the network's operation, with the $MANTA token being a utility token that enables transaction facilitation.
In the Manta Network, the $MANTA token is not just a token, but a vital component that makes the network's ecosystems function smoothly.
By understanding the economics of interoperability, we can better appreciate the importance of tokens like $MANTA in enabling seamless exchange of value between different networks.
Buying Pressure
Buying Pressure is a significant factor in the value of a token. Buying pressure arises from stakers, who must purchase a substantial portion of the total supply to achieve their desired APY.
Stakers, for instance, need to buy 20% of the total supply to stake at an anticipated APY of 10%, assuming a 2% annual mint rate.
Fees also contribute to buying pressure, with 72% of fees going to the ecosystem and 18% to the treasury.
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Release and Airdrop

The MANTA token release schedule is divided into two main phases: the Token Generation Event (TGE) and the subsequent release of tokens. The initial circle supply of MANTA at TGE will be 251,000,000.
During the TGE phase, the released MANTA tokens will be allocated for Airdrop, New Paradigm (Airdrop 2), Public Sale, Advisors, and Ecosystem & Community. This allocation is based on a 18 months cliff and 48 months linear release.
Here's a breakdown of the New Paradigm (Airdrop 2) allocation:
- 6.5% of the total MANTA supply will be allocated to New Paradigm Participants.
- The allocation includes Base Reward: 3% of total supply, Special Rewards: 2% of total supply, and Ecosystem incentives: 1.5% of total supply.
The New Paradigm will also include a 50,000,000 $MANTA NFT reward, released at TGE, and 15,000,000 $MANTA ecosystem incentives, released 3 months after TGE. Any unclaimed rewards will be distributed back into the ecosystem funds, where community governance will determine how to reappropriate.
Release Schedule
The release schedule for MANTA tokens is a crucial part of the project's timeline. The initial supply of 251,000,000 MANTA tokens will be released during the Token Generation Event (TGE) phase.

A significant portion of these tokens will be allocated for various purposes, including Airdrop, New Paradigm (Airdrop 2), Public Sale, Advisors, and Ecosystem & Community. The exact breakdown of token allocation is not specified.
The MANTA token release schedule includes an 18-month cliff and a 48-month linear release. This means that the tokens will be released in a gradual manner over a period of 48 months, with a significant portion being withheld for 18 months.
New Paradigm Airdrop 2 6.5%
New Paradigm Airdrop 2 6.5% is a significant development in the Manta ecosystem. It's designed to position Manta as a leading Layer 2 solution.
The New Paradigm product offers real yield and rewards users with a range of benefits. 6.5% of the total $MANTA supply will be allocated to participants.
Here's a breakdown of the rewards:
- Base Reward: 3% of total supply
- Special Rewards: 2% of total supply
- Ecosystem incentives: 1.5% of total supply
The airdrop also includes a significant NFT reward, with 50,000,000 $MANTA NFTs being released at the Token Generation Event (TGE).
Validator Emission Rewards

The Manta Network's Validator Emission Rewards are a key aspect of its tokenomics. This system incentivizes validators to maintain network security by allocating a portion of the total issuance to stakers.
A total of 2% of the network's annual issuance is allocated to stakers, starting from the Token Generation Event (TGE). This means that validators can earn a share of the network's tokens for their contributions to security.
The total supply of $MANTA at Genesis is 1,000,000,000. This is the foundation for the Validator Emission Rewards, which will be issued as part of the network's token allocation.
Here's a breakdown of the estimated validator emission rewards:
- 2% of the total issuance is allocated to stakers per year.
Tokenomics Details
The Manta Network token has a total supply of 1,000,000,000 MANTA, with a circulating supply of 251,000,000 MANTA.
The token is listed on two blockchains: Manta and Ethereum, and its type is classified as both utility and governance.
The token's ticker is MANTA, and it's also known as Manta Network.
Here's a brief comparison of the Manta Network and Calamari Network tokens:
Calculating Exact Numbers: Cenit Simulator

The Cenit simulator is a powerful tool for calculating exact numbers in tokenomics. It simplifies dynamic calculations, making the process efficient and straightforward.
This comprehensive platform enables users to convert various hypotheses and tokenomics design parameters into tangible buying and selling pressures. These pressures directly influence the organic token price within a specific economy.
To utilize the tool, you only need to input relevant project information, such as allocation and vesting schedules. This information is crucial for understanding how tokens are distributed and used within the ecosystem.
The Cenit simulator also takes into account the utility of tokens for different value propositions, which is essential for determining their operational mechanics and incentives.
Key Metric
Let's take a closer look at the key metrics for these tokens. MANTA has a total supply of 1,000,000,000 tokens.
The circulating supply of MANTA is 251,000,000 tokens. This means that only a quarter of the total supply is currently in circulation.
KMA has a significantly larger total supply of 10,000,000,000 tokens.
The circulating supply of KMA is 4,044,812,553 tokens, which is about 40% of its total supply.
Here's a comparison of the key metrics for both tokens:
Sale and Funding

Manta Network has secured significant funding to support its growth and development. On February 2, 2021, the project closed a $1.1 million funding round led by Polychain with participation from several other investors.
In addition to this early funding, Manta Network received $5.5 million in funding from over 30 institutions, including CoinFund, ParaFi, and LongHash, on October 19, 2021.
The project also conducted a $28.8 million community round of funding on November 18, 2021, which demonstrates the strong support from its community.
Manta Network has partnered with Binance Labs, a leading blockchain incubator, for a strategic investment announced on February 15, 2022. The amount of the investment was not disclosed.
Here's a summary of Manta Network's funding rounds:
Sale
The MANTA token sale is a significant event in the project's funding. 8% of the total supply will be allocated for participants in the Squad Game crowd sale.
MANTA tokens will be distributed to participants in the Squad Game crowd sale. 40,000,000 $MANTA tokens will be available at the Token Generation Event (TGE), with the remainder released monthly over 6 months.

To participate in the MANTA token sale, users can stake BNB and FDUSD on Binance Launchpool. This will allow them to earn MANTAI tokens.
The token sale on Binance Launchpool will have two pools: BNB and FDUSD. The number of MANTA tokens allocated to each pool is as follows:
KMA token sale was conducted on Kusama in August 2021. The sale was done under the Crownloan model, with a ratio of 1 KSM to 10,000 KMA.
Funding
Manta Network has secured significant funding to support its growth and development. On February 2, 2021, the company closed a $1.1 million funding round led by Polychain with participation from several other investors.
This initial funding was a crucial step in Manta Network's journey, providing the necessary resources to build momentum. The funding round was led by Polychain, a prominent player in the crypto space.
In the following months, Manta Network continued to attract significant investment, with a $5.5 million funding round closed on October 19, 2021. This funding was secured from over 30 institutions, including CoinFund, ParaFi, and LongHash.

The $5.5 million funding round marked a major milestone for Manta Network, demonstrating the confidence of the crypto community in the company's vision. Manta Network's ability to attract such a large and diverse group of investors is a testament to its potential.
On November 18, 2021, Manta Network closed a $28.8 million community round of funding. This significant investment further solidified the company's position in the market.
Binance Labs also made a strategic investment in Manta Network on February 15, 2022, although the exact amount was not disclosed.
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Manta Network has received significant funding from various investors, with four notable rounds of investment.
Manta Network's first funding round was a Seed round, which raised $1.1 million in February 2021, with Polychain Capital and Multicoin Capital participating.
In October 2021, Manta Network secured a Series A funding round, raising $5.5 million from investors including Spartan Group, ParaFi Capital, and LongHash Venture.
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Manta Network also conducted an ICO (Initial Coin Offering) in November 2021, selling 80,000,000 MANTA tokens at a price of $0.36 each, raising $28.8 million.
Manta Network's most recent funding round, also a Series A round, was led by Polychain Capital and raised $25 million in July 2023, valuing the project at $500 million.
Here's a summary of Manta Network's funding rounds:
- Seed round: $1.1 million (February 2021)
- Series A round 1: $5.5 million (October 2021)
- ICO: $28.8 million (November 2021)
- Series A round 2: $25 million (July 2023)
Roadmap and Updates
The Manta Network has a clear roadmap in place to achieve its goals. One of the key milestones is the launch of the mainnet Manta Pacific 2.
The team plans to follow this up with the launch of the mainnet version Manta Atlantic and the integration of Data Availability from Ceslestia.
Here's a breakdown of the upcoming milestones:
Comparison and Analysis
Manta Network's tokenomics is designed to incentivize participation and growth. The token's total supply is capped at 1 billion, ensuring scarcity and value appreciation.
The token distribution is divided into three main pools: the Foundation Pool, the Team Pool, and the Community Pool. The Foundation Pool holds 30% of the tokens, allocated for the foundation's operational costs and future development.
Manta Network's tokenomics also includes a staking mechanism, allowing token holders to participate in the network's validation process and earn rewards. Staking is a key component of Manta's decentralized architecture, promoting a secure and trustworthy network.
Comparing Blast, Starknet, and zkSync

Blast has a community allocation of 50%, ranking second among recently launched Layer 2 solutions.
zkSync leads in total community allocation, with 67% of its tokens allocated to the community.
Blast reserves 8% of its tokens, which is significantly lower than Starknet's 32% reserve allocation.
Manta Network has the highest allocation to private investors, with 24% of its token supply.
Starknet tops the category of token allocation to team members and founders, with 31% of its token supply allocated to them.
Here's a comparison of the token allocations for Blast, Starknet, and zkSync:
Note that Manta Network has a significant allocation for public investors, while the other three projects have zero.
Project Analysis
Project Analysis is crucial to understanding the strengths and weaknesses of each project.
The two projects analyzed in this comparison have distinct approaches to problem-solving.
Project A's modular design allows for easier maintenance and updates, reducing downtime by up to 30%.
Project B's emphasis on user experience has led to a significant increase in customer satisfaction ratings, with a 25% higher rating compared to Project A.
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The use of agile methodologies in Project A has resulted in a 20% reduction in development time.
However, Project B's more traditional waterfall approach has led to a higher risk of scope creep, with 15% of original features being added or modified during development.
Ultimately, the choice between these two projects depends on the specific needs and goals of the organization.
Conclusion: Mastering Analysis
To effectively analyze a tokenomics design, you need to take a comprehensive approach. This involves understanding the core objectives and benefits offered by the project, which forms the foundation of any tokenomics analysis.
Examining token utility is crucial, as it assesses the token's roles in accruing value for the network and incentivizing growth. This includes its usage in transactions, governance, and staking.
Quantitative analysis is also essential, as it helps convert theoretical aspects of the tokenomics into quantifiable data. This step is crucial for predicting market behavior and ensuring the sustainability of the token.

To master analysis, you should follow these key steps:
- Understand the value proposition of the project.
- Examine token utility, including its usage in transactions, governance, and staking.
- Perform quantitative analysis using tools like the Cenit simulator.
By following these steps, you'll be able to effectively navigate and validate the complex dynamics of a tokenomics design, ensuring a robust and forward-thinking investment strategy.
Sources
- https://mantanetwork.medium.com/manta-tokenomics-b226f911c84c
- https://www.cenit.finance/blog/manta-tokenomics-tokenomics-design
- https://mirror.xyz/godotsancho.eth/HVnRmDmj05EK3ZmBr48Jaf75l-S0qNkoNSllTSQXlJs
- https://coinedition.com/new-layer-2-solutions-comparing-tokenomics-of-blast-starknet-zksync-and-manta/
- https://coin98.net/manta-network-manta
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