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Manta (MANTA)

What is the Manta Pacific Network?​

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Manta Network uses a dual-blockchain approach; Manta Pacific and Manta Atlantic. Gem Wallet currently supports the Manta Pacific Network.

Here are 5 key points about the Manta Pacific Network:

  • Manta Pacific is a Layer 2 solution on Ethereum, optimized for scalability and low-cost transactions. It leverages zero-knowledge (ZK) technology to support EVM-native ZK applications.

  • Geared towards mass adoption and the migration of decentralized applications (dApps). It supports high-throughput and cost-efficient ZK applications, making it ideal for data-intensive dApps and financial services.

  • Manta Pacific provides high transaction speeds and low fees, making it more suitable for frequent and cost-sensitive transactions.

  • Manta Atlantic and Manta Pacific are designed to be interoperable, enabling seamless asset transfers and interactions between the two layers and other blockchain networks. This interoperability enhances the utility and reach of the Manta ecosystem.

  • Manta ETH is the currency used to pay gas fees and all other transaction on the Manta Pacific Network. While the MANTA token can be staked to earn rewards and holders can utilize it to participate in the network governance.

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Learn more about the Manta Network by reading the Gem Wallet Learn article:
What Is The Manta Blockchain?

Manta Pacific on Gem Wallet​

Gem Wallet has the following features enabled for MANTA:

  • Buy Manta Ethereum (ETH) and Manta (MANTA) with fiat using debit/credit cards. (TBA)
  • Store Manta Ethereum (ETH), Manta (MANTA) and other ERC20 tokens securely.
  • Monitor MANTA price movement with the built-in charts.
  • Send and Receive MANTA, ETH and ERC20 tokens natively.

MANTA on GEM WalletSwap MANTA on GEM Wallet

What are Manta ERC20 tokens?​

  • ERC20 tokens are a type of digital assets issued via smart contracts on the Ethereum network.
  • Manta supports the transfer and interoperability of ERC20 tokens from the Ethereum network to the Manta network. Manta itself does not have its own native ERC20 tokens.
  • They allows users to access a wide range of ERC20 tokens and decentralized applications (dApps) on Manta while benefiting from its scalability and low transaction fees.

MANTA ETH on GEM WalletMANTA ERC20 Tokens on GEM Wallet

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Learn more about ERC20 tokens from this Gem Wallet Learn article: What Is ERC20 and What You Need to Know About Tokens on the Ethereum Blockchain

How to Get Manta and Manta ETH?​

Here are some ways to acquire some Manta Ethereum (ETH):

Receive MANTA on GEM WalletReceive MANTA ETH on GEM Wallet

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Send only Manta (MANTA)and Manta Ethereum (ETH) to your Manta address.

Transaction Fees on Manta Pacific Network​

The fees on Manta Pacific are summarized as follows:

  • Manta Pacific leverages Celestia’s modular data availability solution, which significantly reduces the cost of transactions. By optimizing data handling and reducing the load on the network, Manta Pacific ensures that transaction fees remain low, making it cost-effective for users​.
  • The transaction fees on Manta Pacific are dynamically calculated based on the complexity of the transaction and the current network congestion. This ensures fair pricing and helps manage the network load efficiently, providing users with predictable and transparent costs​.
  • Users conducting transactions on the Manta network pay fees denominated in Manta Ethereum (ETH).

Send MANTA on GEM WalletMANTA Transaction on GEM Wallet

How to Check Manta (MANTA) Balance?​

Gem Wallet app connects to the Manta Pacific Network to show the MANTA balance on your wallet. Tap on the 3 dots at the upper right corner, then tap on View address on Manta Pacific Explorer.

View Address Link to Manta Pacific Explorer MANTA Address on Manta Pacific Explorer

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Manta Pacific Explorer is the default MANTA explorer of Gem Wallet. You can manually check balances and transactions by going to Manta Pacific Explorer and search for your MANTA address.

Why Choose Gem Wallet for Manta Pacific?​

Here are three reasons why you should use Gem Wallet for your MANTA tokens:

  • Enhanced Security: Gem Wallet employs robust security measures, including advanced encryption and secure key management, to protect your MANTA tokens from unauthorized access and potential threats.

  • Open-Source Transparency: As an open-source wallet, Gem Wallet allows for community review and audits of its code. This transparency ensures that there are no hidden vulnerabilities and builds trust among users.

  • Multi-Currency Support: Gem Wallet supports a wide range of cryptocurrencies, including MANTA tokens. This multi-currency support allows users to manage various assets in one secure and convenient platform.