TL;DR
Here by popular demand is your introduction to the Manta Network. It’s time to see how the hottest new chain on the block stacks up against the reigning champs, with the MANTA token freshly minted and available to trade on major exchanges. In Manta Network vs Everybody, you’ll find out if the new guy can make the cut. Looking at what’s using it, where it came from, and most importantly: Can Manta make you rich?
The flavor of the week is undoubtedly Manta Network. Well, at least until Jupiter launches its token any minute now.
But, don’t let that crypto whiplash get you down. All that matters (for now) is that Manta is passing Base, Cardano, and SUI in value locked.
It’s worth taking a closer look at. But, this didn’t happen overnight. Manta has been slowly acquiring value since it launched last July.
With everyone fixated on the capabilities and introduction of zkSnarks technology, Manta played a winning hand in deciding to develop an ecosystem for ZK applications.
But this wasn’t always the case for Manta, or should I say Calamari Network.
What is Manta Network?
Yup, nothing is ever what it seems in the wonderful world of crypto and Manta is no different.
Originally launched on Polkadot, Calamari Network won the 7th Parachain auction back in September of 2021. Created as the Canary Network for Manta, Calamari is Manta Networks’ first attempt to provide value to the market.
It was sold as a plug-and-play privacy tool for Polkadot but things quickly began falling apart for the project with one problem leading to another.
This started with Crowdloan participants not being able to claim their full distribution of KMA during its 2nd unlock period. This was the first wrench thrown into Manta’s gears. With the project failing to capture more investors’ attention and everyone eyeing the exit. Calamari began the process of a slow death.
But it wasn’t until last May that things turned culpable for the project. With the network freezing for a week suddenly and without warning. Commencing the usual “funds are SAFU” narrative, Calamari attempted to put out its fire.
But the kicker for its community was that Calamari being inoperable during that week was an entirely avoidable event. Something many supporters felt was nothing short of sheer negligence on behalf of the project.
This was the final nail in Manta’s Canary Network. An event that signaled a mass delisting of KSA tokens the following month. Now you’re probably saying to yourself, well that was Calamari right? Not “the” Manta Network that went offline.
Well, that would be the case if Calamari wasn’t rebranded into what we call Manta Atlantic. Yup, that’s why we’re graced with the wonders of two separate Manta Networks.
The Calamari Network was such a disaster that not even the Manta Bridge is willing to help you transfer your KMA tokens anywhere.
Pacific might be the newly launched EVM product, while Atlantic is nothing more than a refurbished Calamari Network. After promising groundbreaking privacy technology for years, all that you can do with Manta Network on Polkadot, is transfer your choice of four tokens and buy a few NFTs.
So let’s take a look at what Manta Pacific is doing when…
Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin.
As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom.
“The swarm is headed towards us” -Satoshi Nakamoto
