What is Manta Network?
Manta is a set of easy-to-use and secure (open source and auditable code) protocols based on Substrate frameworks. It uses zk-SNARK to provide complete end-to-end anonymity, high throughput, and high cross-chain interoperability (it supports Polkadot and its parachain mainstream cryptocurrencies and stable coins). It includes a decentralized privacy payment protocol, a decentralized privacy token exchange protocol, and a decentralized privacy lending and synthetic asset protocol to be developed in the future.
$MA is the first deflationary utility token where redeem and token burns are generated from actual privacy-preserving network usage and growth in Privacy DeFi. Also, Manta tokens are required to stake and run collator on the Manta Parachain Chain