Bittime - Manta Network (MANTA) is a modular blockchain pioneer for zero-knowledge (ZK) applications, has brought a new breakthrough in the world of decentralized finance (DeFi) with Manta Pacific, a modular L2 ecosystem designed for ZK applications and EVM-based dApps .
Behind its advantages in scalability and low fees, Manta Pacific offers attractive opportunities for users, one of which is Staking Manta.
Manta Staking, a process of active participation in securing and maintaining the Manta Atlantic network (the fastest ZK L1 chain on Polkadot), opens the gates to various benefits for $MANTA token holders.
Understanding Staking Manta Network (MANTA): Contribution to Network Security
Staking Manta is the process of locking up a certain amount of $MANTA tokens for a certain period of time to contribute to the security of the Manta Atlantic network. Stakers, as Staking Manta participants are known, play an important role in maintaining the smooth and stable operation of the network.
By participating in Staking Manta, stakers actively support the process of validating new transactions and blocks in the network. These contributions help strengthen network consensus and prevent manipulation or fraud. As a reward for their dedication, stakers are entitled to various benefits, including:
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1. Staking Rewards
Stakers will receive rewards in the form of $MANTA tokens in proportion to the number of tokens they stake and the duration of staking. The greater the staker's contribution, the greater the rewards they get.
2. Support for the Manta Network Ecosystem (MANTA)
Staking Manta is not just about personal gain, but also about contributing to the growth and development of the Manta ecosystem as a whole. By participating in Manta Staking, stakers actively support Manta Network's vision and mission to deliver innovative and scalable DeFi solutions.
3. Access to Exclusive Features
Manta stakers are entitled to access to exclusive features within the Manta ecosystem, such as participation in governance programs and early access to new products and services.
Benefits of Staking Manta Network (MANTA): Security and Multiple Profits
Staking Manta offers a unique combination of network security and profits for stakers. Here are some of the main benefits of Staking Manta:
1. Improved Network Security
The more $MANTA tokens are staked, the stronger the security of the Manta Atlantic network becomes. This is because staking increases the number of validators involved in the consensus process, making it more difficult for malicious parties to attack or manipulate the network.
2. Decentralization and Resilience
Staking Manta Network (MANTA) drives network decentralization by distributing validation power across multiple parties. This increases the network's resilience to attacks and system failures.
3. Participation Incentives
Attractive staking rewards provide an incentive for users to actively participate in securing the network. This drives Manta Network's continued growth and adoption.
4. Access to Exclusive Features
Manta stakers gain access to a variety of exclusive features and services within the Manta ecosystem, providing them with greater profits and opportunities.
Manta Network Price MANTA/IDR Today
Source: Bittime.com
On March 13, 2024, the price of Manta Network MANTA/IDR was at $60,942 per coin, up 6.70% in 24 hours and 29% in the past week.
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Steps for Staking Manta Network (MANTA)
Manta Network has designed a Manta Staking process that is easy and safe for all users to follow. Here are the easy steps to start Staking Manta:
1. Preparation
- Make sure you have a wallet that is compatible with Manta Atlantic, such as Manta Wallet or MetaMask.
- Complete your wallet with the $MANTA tokens you want to stake.
- Visit the Manta Collator website ( https://docs.manta.network/docs/manta-atlantic/Collation/Overview ) to select the collator you want to support.
2. Staking Process
- Connect your wallet to the Manta Collator website.
- Select the amount of $MANTA tokens you want to stake.
- Select the staking duration you want (3, 6, 12 and 24 months available).
- Confirm transaction and agree to gas fees.
3. Monitoring and Management
- You can monitor your staking status, including the number of tokens staked, staking duration, and rewards earned, on the Manta Collator website.
- You can also choose to unstake your tokens before the staking duration ends, taking into account any penalties that may apply.
The Future with Staking Manta Network (MANTA)
Staking Manta marks a new chapter in Manta Network's (MANTA) journey to deliver innovative and scalable DeFi solutions. By combining strong network security with attractive incentives for stakers, Staking Manta opens up new opportunities for users to contribute to the future of decentralized finance.
Impact of Manta Staking on the Manta Ecosystem
- Increasing adoption: Staking Manta Network (MANTA) attracts more users to participate in the Manta ecosystem, driving the growth and expansion of the community.
- Increased liquidity: Staking $MANTA tokens increases liquidity in the market, smoothing transactions and increasing the overall efficiency of the ecosystem.
- Driving innovation: Staking Manta drives the development of new products and services that leverage ZK technology and the benefits of staking.
Conclusion
Staking Manta is not only a process to secure the network, but also a gateway to new opportunities in the world of DeFi. By offering a unique combination of security, profitability, and access to exclusive features, Staking Manta Network (MANTA) invites users to be part of the innovative and scalable future of decentralized finance.
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How to Buy Manta Network (MANTA) on Bittime
You can buy and sell Manta Network (MANTA) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Manta Network (MANTA) is available on Bittime with the market pair MANTA/IDR . To be able to buy MANTA/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Manta Network (MANTA) on Bittime.
Monitor the price chart movements of Manta Network (MANTA) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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