Mantle Price (MNT)

What Is Mantle Network (MNT)?

Mantle Network is an L2 technology stack for scaling Ethereum, and is the first core product of Mantle Ecosystem. Mantle Network strives to be compatible with the Ethereum Virtual Machine. Mantle Network’s modular architecture separates transaction execution, data availability, and transaction finality into modules — which can be individually upgraded and adopt the latest innovations.

As the world’s first DAO-spawned L2, Mantle Network is pioneering a vision for the mass adoption of token-governed technologies.

MNT is the native token used for:

• Paying gas fees
• Growing the ecosystem
• Governance by the community

Who Are the Founders of Mantle Network (MNT)?

There is no single founder. Mantle Network is a DAO-governed and accelerated network, where key decisions are made via governance by $MNT holders. jacobc.eth and Ben Zhou were early key contributors to the initial proposal that introduced Mantle Network.

What Makes Mantle Network (MNT) Unique?

Mantle Network’s modular architecture hyperscales network performance at low fees and with faster finality. DApps can be built with exceptional UX, while relying on Ethereum’s unrivaled security.

Mantle Ecosystem also features a network of established partners and collaborators to support projects from conceptualization to infrastructure support and go-to-market strategies. Moreover, to support the next-generation of innovators, builders, and developers, Mantle is growing its ecosystem via Mantle Grants Program and Mantle EcoFund, a catalyzed capital pool of $200M.

How Many Mantle Network (MNT) Coins Are There In Circulation?

Mantle token (MNT) powers Mantle Network as its native gas token and ecosystem growth token, and serves as the governance token of Mantle Governance. All future Mantle products will likewise be initiated by the Mantle token holder community through vote and powered by Mantle token.

The total supply of MNT is 3,172,988,154 tokens and the current distribution of MNT is split with 51% in circulation and 49% allocated to Mantle Treasury.

How Is Mantle Network (MNT) Secured?

Mantle Network is the first L2 to partner with ETH restaking protocol EigenLayer for the data availability module. By adopting a rollup architecture, Mantle Network is secured by Ethereum.

Where Can You Buy Mantle (MNT)?

MNT is available on the following exchanges: Bybit, MEXC, BingX, Huobi, Gate, Coinone and Korbit.

Modular Architecture: Mantle is built with a [modular] (https://coinmarketcap.com/alexandria/article/modular-vs-monolithic-blockchains-what-s-the-difference) design, meaning it can adapt to the changing needs and preferences of the users and developers, as well as to integrate with various blockchains and protocols.

EigenLayer Element: Mantle uses a novel data availability layer called Mantle DA, which is powered by [EigenLayer’s] (https://coinmarketcap.com/alexandria/article/a-deep-dive-into-eigenlayer) EigenDA technology, a decentralized network of nodes that store and verify the data from the layer-two chains. EigenLayer Element ensures that the data is always available and consistent, even if the L2 chain goes offline or becomes corrupted.

Mantle LSD: Mantle [liquid staking derivative] (https://coinmarketcap.com/alexandria/article/the-ultimate-guide-to-ethereum-liquid-staking) (LSD) aims to leverage product synergies with Mantle Network, including the adoption of mntETH on Mantle Network (an Ethereum L2) and partnerships with node operators and DeFi applications. It aims to be the preferred solution for the liquid staking of ETH from the Mantle Treasury and Mantle Ecosystem supporters, reducing deposit acquisition costs. Strategic synergies can be implemented through the Mantle Governance process.