How to do your Manta Pacific taxes with Koinly
Manta Pacific is the groundbreaking EVM-equivalent ZK-application platform, ensuring scalability and security with Celestia DA and Polygon zkEVM. Built upon Manta's expertise in ZK, it provides a seamless environment for deploying ZK applications. But if you're transacting with MANTA, you may have a tax liability. But Koinly can help, here's how...
Follow these steps to sync your Manta Pacific data automatically to Koinly:
- Open your Manta Pacific wallet app
- Locate and copy your public address or key
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Manta Pacific in the list
- Select API > Paste the public address/key you copied above in the appropriate box
- Hit Import and wait for Koinly to sync your data. This can take a few minutes
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
FAQs
What is Manta Pacific?
Manta Pacific functions as an Optimistic Rollup on Ethereum by leveraging Manta Network’s Universal Circuits. Developers can now create ZK-enabled apps using only Solidity and the Universal Circuits SDK. Unlike Starkware and Aztec, which rely on domain-specific languages for ZK, Manta Pacific ensures EVM compatibility by utilizing the OP Stack Bedrock codebase. This simplifies dApp development with integrated ZK features. Manta Pacific aims to enhance data scalability and decrease gas fees by integrating Celestia’s modular DA. This approach is anticipated to be more cost-effective than Ethereum's proposed solutions for reducing gas costs and tackling blockspace issues.
How does Manta Pacific work?
Manta Pacific aligns both Celestia and zkEVM. By tapping into Celestia's data-availability layer, the pioneering modular consensus and data network, and leveraging the cutting-edge technology from p0x labs, Manta Pacific establishes an accessible ZK development environment.
What is MANTA?
MANTA is the native token for the Manta network and can be used to pay transaction or network fees. Like other cryptocurrencies, MANTA can also be bought, traded, or sold on exchanges.
Do I have to pay tax on my Manta Pacific transactions?
Yes. Crypto is subject to tax around the world and that includes your MANTA transactions. The rules vary depending on where you live, but generally, you'll pay Capital Gains Tax or Income Tax on crypto depending on the specific transaction. Learn more in our crypto tax guides.
How do I calculate my Manta Pacific taxes?
The easiest way to calculate your Manta Pacific taxes is with a crypto tax calculator like Koinly. All you need to do is add your public address and Koinly will automatically import your transaction history and calculate your gains, losses, income, and more. Koinly then generates a number of crypto tax reports to help you file easily with your tax office.
