Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Manta Network Collects $28.8 Million From Squad Game Community Token Event

by ChainWire
November 16, 2021
in Industry Announcements

November 16, 2021 – Boston, Massachusetts


Manta Network, the DeFi privacy stack on Polkadot, has raised another $28.8 million in capital after selling 80 million $MANTA utility tokens during its ‘Squad Game’ token generation event hosted by Tokensoft. The utility tokens, which are deflationary and burned through network usage, grant holders on-chain community governance rights in addition to rewards for MantaPay and MantaSwap usage fees.

The token sale – which represents eight percent of the one billion fixed supply of $MANTA tokens – saw widespread participation from the Manta community, helping the project advance toward the next stage of development as Polkadot parachain auctions commence.

The strong results from the community token generation event mark the latest fundraising milestone for a protocol that has already closed two funding rounds in 2021, including a $1.1 million round led by Polychain Capital and another $5.5 million in October led by CoinFund and ParaFi Capital.

Aimed at making on-chain privacy a utility through scalability and interoperability, Manta Network has developed several different platforms and protocols designed to improve the security and privacy of the DeFi ecosystem.

The platform’s DeFi-oriented privacy protocols are designed to add a layer of anonymity to DeFi transactions by obfuscating user addresses through the application of zero-knowledge proofs known as zk-SNARKS and Groth16 proofs. For users transacting in large amounts, this can help mask portfolio management activities.

With privacy becoming an increasingly important aspect of blockchain activity, Manta Network represents one of the pioneering platforms seeking to deliver these attributes in a layer 1 format instead of a layer 2 solution. The platform’s protocols cover multiple areas of the DeFi ecosystem, including MantaSwap, an automated market maker decentralized exchange (DEX), and Mantapay, a payment protocol with embedded privacy.

Manta Network is building a private smart contract platform – which also leverages zero-knowledge proofs – to deploy privatized decentralized applications, allowing developers to build various decentralized applications on these platforms and expand the Manta Network ecosystem.

Already, the platform has demonstrated its highly democratic nature after scrapping an IDO for its then Kusama-based Calamari canary network. Now, Manta Network is preparing for the next stage of its development pipeline with the forthcoming Polkadot parachain auctions.

At present, users have already pledged $130 million to its crowd loan initiative as parachain auctions commence. DOT holders still can contribute to the crowd loan with $MANTA rewards.

About Manta Network

Manta Network is focused on building a better web 3.0 with privacy guarantees designed from the first principle – applying cutting-edge cryptographic constructions, such as zkSNARKs, to deliver end-to-end privacy guarantees for blockchain applications. The project delivers this guarantee while prioritizing interoperability, ease-of-use, high performance and auditability.

What this translates into for the user is on-chain privacy in transacting and swapping any parachain assets. Investors include Alameda Research, Polychain Capital, DeFiance Capital, CoinFund, ParaFi Capital, LongHash Ventures, SkyVision Capital, Zee Prime Capital, The Spartan Group, Divergence Capital, SNZ Holding, CMS Holdings, Global Coin Ventures, ConSensys, Digital Currency Group and more.

Contact

Kenny Li

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • Swappi (PPI) Announces First Exchange Listing on BitMart
    July 1, 2022
  • Yield App Joins Forces With Unstoppable Domains To Simplify Web 3.0 Journey
    July 1, 2022
  • ARK Has Introduced a New Blockchain Consensus Technology
    June 30, 2022
  • Cantina Royale Taps Elrond Apes To Boost Its In-Game Cross Chain NFT Collections
    June 28, 2022
  • Saddle Finance Announces End of Lock-Up Period for Its SDL Token
    June 24, 2022
  • NFTs Accessible to All With Launch of Fiat-Focused SIMBA Market
    June 23, 2022
  • Korea Blockchain Week To Hold First Live Event in Seoul After Covid Hiatus
    June 23, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$20,332.00
$20,332.00
6.19%
Ethereum
$1,159.14
$1,159.14
9.82%
Cardano
$0.469106
$0.469106
4.08%
XRP
$0.327326
$0.327326
2.24%
Dogecoin
$0.069648
$0.069648
4.81%

Spotlight

  • Crypto Analyst Warns Sharp Bitcoin Breakdown Appears Imminent – Here’s How Low BTC May Go
    June 28, 2022
  • Top Crypto Trader Warns Bitcoin (BTC) Could Crash Much Lower Than $20,000 – Here’s Why
    June 30, 2022
  • Imminent Cardano Upgrade Could Be Extremely Bullish for ADA, Says Coin Bureau – Here’s Why
    July 4, 2022
  • Analyst Predicts Ethereum (ETH) Bounce, Updates Outlook on XRP and Fantom (FTM)
    June 29, 2022
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl