New
MANA BRC-20 Launch Soon!
Optimistic Validium Rollup offers high-performance trading and cost-effective transactions for the DeFi suite within the Mana network.
Mana's Optimistic Validium Rollup uses Bitcoin as the consensus layer (via Mana's Inscription EVM) and ensures the permanence, reliability, and verifiability of historical transactions through Arweave.
Mana (MANA) is the token used for many things on the Mana network. Fundamentally, it is the only acceptable form of payment for transaction fees. Aside from early fair launch and airdrop, MANA can only be acquired by reverse converting gMANA (governance token). This is a reverse ve-token design of Mana. The primary distribution principle of the gMANA are to incentivize liquidity providers on the Mana network as well as to involve as many users as possible in the governance of the liquidity suite and the entire Mana network. This ensures that Mana, the native liquidity layer of the Bitcoin, runs safely and effectively in a system driven by authentic and reliable stakeholders.
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There are some frequency topics about Mana network and Mana token. Welcome to our community if you have more questions.
BRC20 MANA is the origin of the Mana network, it was launched from the Bitcoin network through inscriptions to give Mana life. As a tribute to Bitcoin, its total amount is 21,000,000. BRC20 MANA and ERC20 MANA (on the Mana network) can be converted each other, but whether ERC20 MANA can be successfully converted to BRC20 MANA depends on the inventory on the bridge.
ERC20 MANA is the sole circulating MANA on the Mana network. Its primary role is to act as the gas token for the network. Moreover, it can be used in Mana’s liquidity suite, such as lending and stablecoins. It's important to note that aside from early fair launch and airdrop, ERC20 MANA can only be acquired by reverse converting gMANA (governance token).
Holding gMANA tokens enable participation in the governance of Mana's liquidity suite (like liquidity leading in Dex) and the MANA network. gMANA holders can also share in the returns generated by the liquidity suite and the returns of the sequencer node.
Contrary to other ve-token designs, Mana's governance token, gMANA, can only be acquired by providing liquidity to Mana's liquidity suite. You can say it is a reverse ve-token design. gMANA can be irreversibly converted into MANA, which is used as gas tokens in the Mana network, but cannot converted back into gMANA.
As part of the Bitcoin ecosystem, Mana is compatible with nearly all wallets in this ecosystem. This means that if you have a Bitcoin wallet, you can use Mana immediately without any additional setup.
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