What is MANGA Coin? Project Positioning and Rebranding
MANGA Coin, or Manga Token, is a cryptocurrency project aiming to empower global digital manga culture through blockchain technology. Its core vision is to build a decentralized ecosystem connecting manga artists and fans, promoting support for original manga artists, and creating a global manga NFT marketplace.
- Core Functions and Vision: MANGA Coin is designed to serve as a reward, payment, and staking token within the manga ecosystem. Holders can enjoy an ad-free manga reading experience, access premium exclusive content, and acquire unique NFTs created by renowned artists. The project also plans to offer a digital assets "rental" feature and establish a launchpad for crowdfunding manga-related projects.
- Technical Foundation: Initially, MANGA Coin was primarily based on the ERC-20 token standard of the Ethereum blockchain, supporting smart contract functionality and interoperability with decentralized applications. Some information also mentioned its potential compatibility with the BEP-20 standard of Binance Smart Chain (BSC).
- Team and Partnerships: The project is led by Elvin Li and Young Shin, who have extensive experience in the software and gaming industries. Its partners include SOZO Comics, Super Genius Games, and 2359 Media, among others.
- Important Update: Rebranding to HONO Protocol: It is important to note that the MANGA Coin project has undergone a rebranding, changing its name to HONO Protocol (HONO), and has migrated from its old contract address to a new one. This means that the original MANGA token is no longer the officially supported mainstream token of the project, and its trading activity and liquidity have been significantly affected.
MANGA Coin (Original Token) Trading Status and Risk Warning
Given that MANGA Coin has rebranded and migrated to HONO Protocol, the market trading activity of the original MANGA token has significantly decreased, even stagnating. According to public data as of the time of publication, the price and 24-hour trading volume of the original MANGA token are extremely low, even showing as zero, and its market capitalization has almost vanished. This indicates that its liquidity has severely dried up, and trading risks are extremely high.
- Liquidity Risk: Due to the project's migration, the original MANGA token has almost lost its market liquidity. This means users may find it difficult to buy or sell the token, and even if they can trade, they may face significant slippage and price volatility.
- Trading Platforms: Historical data once mentioned PancakeSwap (V2) as its primary decentralized exchange, trading with pairs like BUSD. However, given the token migration, this information is no longer applicable. Some CEXs such as Coinbase, Kraken, and BTCC were mentioned, but Kraken has officially stated that the asset is currently not tradable, and other platforms may have delisted or stopped supporting it. Binance exchange's Web3 wallet function was mentioned as being able to connect to DEXs for trading, but this is also information for the old token, and users need to bear the risks themselves.
- Wallet Support: Theoretically, any Web3 wallet that supports ERC-20 tokens (e.g., MetaMask) and hardware wallets (e.g., Ledger, Trezor) can store the original MANGA token, but storage does not equate to tradability. Users need to import its contract address (0xc2cb89bbb5bba6e21db1dfe13493dfd7dcbabd68) to display the token.
Risk Warning: Given that the original MANGA token has rebranded and migrated, its market value and trading activity have essentially been lost. Investors and users are advised to shift their attention to the new HONO Protocol and, before engaging in any cryptocurrency trading, must verify the project's latest status, token contract address, and the availability of trading platforms to avoid potential asset losses.
Related Projects and Distinctions
There are multiple anime and manga-themed projects in the cryptocurrency space that can be easily confused. For example, Animecoin (ANIME) is another project aiming to connect anime culture with blockchain technology, associated with the Azuki NFT series, and serving as the Gas token for Animechain (an L3 blockchain based on Arbitrum Orbit). Additionally, anime commemorative coins discussed by Japan's Ministry of Finance are legal tender and are unrelated to the cryptocurrency MANGA Coin or HONO Protocol.
