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About Manta Network
A truncated list of Manta Network's notable investors
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. This means that users are able to privatize parachain assets like DOT into private DOT, and privately swap for other parachain assets or privately send to other wallet addresses. Our vision is to expand privacy-preservation in a user-friendly manner to all blockchain applications.
Manta’s founding team comprises many US cryptocurrency veterans, professors, and scholars whose experience includes Harvard, MIT, and Algorand. The advisors of Manta include Hypersphere Ventures co-founder Jack Platts, Polychain partner Tekin Salimi, former Web3 Foundation co-founder Ashley Tyson, and Consensys’ Shuyao Kong.
Manta Network’s exclusive funding rounds include notable investors such as Polychain, ParaFi, Multicoin, CoinFund, Alameda, DeFiance and Hypersphere. Manta is also a grant fund recipient of Polkadot’s official Web3 Foundation. Besides, Manta is an outstanding member of the Substrate Builder Program and the Blockchain Accelerator of the University of California, Berkeley.
Category | Token Allocation | Description |
|---|---|---|
Early Backers | 165 Million | Early contributors & investors. 10% release at 3 months after TGE, remaining every end of quarter for 2 years |
Strategic Sale | 45 Million | To strategic contributors and investors. 25% release at 40 days after TGE, remaining every end of quarter for 1.5 years |
Available for Sale | 80 Million | Squad Game Community Sale. 40 days lock with no vesting. Details subject to change. |
Minting & Crowdloan Rewards | 380 Million | Rewarded to those who participate in private token minting and 1-6 years Parachain auction. 15.6 million tokens will be distributed to the first Parachain auction. |
Long-term Development Funds | 180 Million | Align incentives to build innovative and impactful tools and products on top of Manta Network. |
Team & Founders | 100 Million | Team and Founders retention. 100% lock at TGE for 6 months, releasing every quarter for two years. |
Advisor | 50 Million | Advisor Retention. 100% lock at TGE for three months, releasing every quarter for two years. |
Last modified 2yr ago