Mantle Token

MNT serves two primary purposes: governance and utility within the Mantle ecosystem. Token holders with MNT on Mantle Network can vote on governance proposals, allowing them to influence protocol upgrades and changes within the Mantle ecosystem. Additionally, MNT is used as gas to pay for transaction fees, in staking, and as collateral in decentralized finance (DeFi) applications built on Mantle. The token’s supply and utility are influenced by network usage and governance decisions, which may affect future minting, burning, or distribution of tokens.

Mantle (MNT) is native to the Mantle Network, a Layer-2 scaling solution that uses Optimistic rollups, but is also available on Ethereum as an ERC-20 token. The official Mantle Bridge allows for the transfer of MNT tokens between Ethereum and Mantle.

Mantle was created from a rebranding of BitDAO, a decentralized autonomous organization (DAO) where BIT token holders retained governance control. BIT tokens were replaced by MNT as part of the rebrand in a one-way migration campaign, where the resulting MNT then had to be bridged from Ethereum to Mantle Network.

Mantle (MNT) is a governance and utility token. It allows users to participate in decision-making processes via governance votes and also functions as a utility token for transactions and staking within the Mantle network. The token's dual nature ensures its central role in maintaining both the network's security and its decentralized governance.

Mantle (MNT) was officially launched on July 17, 2023 as part of BitDAO's rebrand to Mantle. During the transition, BitDAO's BIT tokens were swapped for MNT tokens, and Mantle was born out of the combined vision of enhancing the modular blockchain ecosystem.

MNT has a maximum supply cap of 6 billion tokens, with allocations divided among various stakeholders, including community incentives, the DAO treasury, and development funds. The tokenomics are structured to try and achieve long-term sustainability, with tokens distributed to incentivize developers, validators, and community members over time. The governance structure also allows for modifications to the supply schedule based on community decisions.