What is the issuance amount of MANTA coins?

The total issuance amount of MANTA coins is 100 million, with 50 million released during the 2020 token sale for transaction fees, staking rewards, and governance.

Nov 20, 2024 at 07:22 am

What is the Issuance Amount of MANTA Coins?

MANTA is a decentralized, censorship-resistant blockchain platform that enables anonymous transactions. The native token of the MANTA network is the MANTA coin, which is used to pay for transaction fees, stake for rewards, and participate in network governance.

Issuance Amount of MANTA Coins

The total issuance amount of MANTA coins is 100 million. Of this amount, 50 million MANTA coins were released during the project's initial token sale, which was held in December 2020. The remaining 50 million MANTA coins are reserved for various purposes, including:

• Developer Fund: 10 million MANTA coins are allocated to the MANTA development team to support ongoing development and maintenance of the network.
• Marketing Fund: 5 million MANTA coins are allocated to the marketing and promotion of the MANTA network.
• Ecosystem Fund: 10 million MANTA coins are allocated to support the development of the MANTA ecosystem, including partnerships, integrations, and third-party applications.
• Community Fund: 5 million MANTA coins are allocated to the MANTA community for initiatives such as research grants, developer competitions, and community events.
• Treasury Reserve: 20 million MANTA coins are held as a reserve for future needs and expenses, such as ecosystem development, network upgrades, or unexpected events.

Distribution of MANTA Coins

The initial 50 million MANTA coins released during the token sale were distributed as follows:

• Seed Round: 10% of the total token supply (5 million MANTA coins) was sold to seed investors.
• Private Round: 30% of the total token supply (15 million MANTA coins) was sold to private investors.
• Public Round: 60% of the total token supply (30 million MANTA coins) was sold to the public.

Inflation and Staking

The MANTA network does not have a fixed inflation rate. Instead, the inflation rate is variable and is determined by the number of MANTA coins staked for rewards. When more MANTA coins are staked, the inflation rate decreases. Conversely, when fewer MANTA coins are staked, the inflation rate increases.

Conclusion

The total issuance amount of MANTA coins is 100 million, with 50 million MANTA coins released during the project's initial token sale in December 2020. The remaining 50 million MANTA coins are reserved for various purposes, including developer funding, marketing, ecosystem development, and future needs. The distribution of the MANTA coins released during the token sale was as follows: 10% to seed investors, 30% to private investors, and 60% to the public. The inflation rate of the MANTA network is variable and is determined by the number of MANTA coins staked for rewards.