Manta Network announces over 70% of $KMA will be moved to its Treasury

Substrate-based DeFi privacy protocol, Manta Network, announced treasury changes to its Kusama parachain, Calamari Network, locking 7.5 billion $KMA, or 71.5% of the total $KMA supply, in their decentralized treasury. The latest move by Manta Network aims to boost decentralization on its platform, with the funds requiring governance from the community to be unlocked. “Calamari […]

In a growing storm of controversy, the Polkadot blockchain platform is now facing accusations of discrimination and toxicity within its ecosystem, on top of concerns over an impending funding crisis for its Treasury. Polkadot Criticized For Neglecting Asian Developers  The co-founder of the decentralized network Manta, Victor Ji, recently took to social media to voice […]

Manta Network will build MantaSwap now that it has closed a $1.1 million funding round.

Manta Network, the privacy protocol for Polkadot, sold 80 million of its governance MANTA tokens to raise $28.8 million. The project sold 8% of its 1 billion fixed supply at its Squad Game token generation event hosted by Tokensoft, which saw widespread participation from the Manta community. This latest funding round comes after the $5.5 million funding round that took place last month, which was led by CoinFund and ParaFi Capital. Before this, it had a $1.1 million round led by Polychain Capital in 2021 itself. After winning the parachain network on Polkadot’s canary network Kusama,....

Earlier this year, Polkadot, the interoperability-focused blockchain network, launched the Polkadot Pioneers Prize to attract new talent and accelerate the advancement of zero-knowledge (ZK) technology and the overall Polkadot infrastructure. Through the Polkadot Pioneers Prize, Polkadot’s plug-and-play privacy protocol Manta Network has joined 22 other ZK companies, funds, and foundations to launch ZPrize – an […]