The Manta Network coin was listed on exchanges like Binance and Bithumb on January 18th.

airdrop disppointed but listed successfully

airdrop manta

It started at $2.2. As of the 20th, it is hovering between $2.0 and $2.5. It achieved great success in the community through airdrops and rewards. The new paradigm Manta has been successful, but fans of Manta seem disappointed with the somewhat small rewards. It seems that staking 1 Ether would yield approximately 7-30 Manta, depending on the duration and NFT luck. I also staked 3 Ether with a friend the day before and received about 20 Mantar, roughly $40. I was somewhat disappointed. There is even a post in the community saying that instead of users farming, Manta farmed the users. (Refer to The Defiant link) Starting staking early and receiving good NFTs increases the number of airdrops.

Binace lauchpad better reward

On the other hand, the launchpad conducted by Binance before the listing seems to have given quite high rewards. It seems that putting 1 million won in the fsusd pool for 2 days yielded 3 tokens. The number of participants was 118,152 for the BNB POOL and 67,413 won for the FDUSD. The BNB pool had somewhat higher rewards. However, unlike FDUSD, which has no fluctuation, the BNB price is affected. When I entered, BNB, which was $312, fluctuated between about $316-308 during the staking period.

Manta is currently 102nd in market cap, and although lower than competing networks like Arbitrum or Optimism, I see a lot of potential for growth. Optimism has a market cap of $2.96 billion, while Manta is currently at $560 million. That’s a 5-6 times difference. There’s plenty of room for growth. Let’s keep an eye on it.