The Mantle Token (MNT)
In this lesson, we will delve into the economics and functionality of the Mantle Token ($MNT), which plays a crucial role in the Mantle ecosystem by serving as a governance token and a utility token.
Tokenomics of MNT
Circulation and Allocation
The $MNT token features a distribution that is designed to support the long-term stability and development of the Mantle ecosystem. The token allocation is divided into several segments, reflecting the priorities and operational needs of the network:
- Circulating Supply: A significant portion of $MNT tokens is already in circulation, providing liquidity and enabling active participation within the ecosystem.
- Held in Treasury: A substantial amount of $MNT is reserved within the Mantle Treasury. These funds are earmarked for the ecosystem’s development, ensuring resources are available to support future growth and innovation.
- Core Budget (BIP-19): A smaller fraction is allocated to the core budget as outlined by the Mantle improvement proposal BIP-19, signifying a commitment to continuous development and maintenance of the network.
The careful allocation of $MNT tokens aligns with Mantle’s strategic plan to create a sustainable ecosystem, balancing the needs of development with the empowerment of its community.
Utility and Governance
$MNT serves dual functions within the Mantle ecosystem:
- Governance: $MNT holders have the right to vote on key proposals that shape the ecosystem’s future. Each token carries an equal weight in voting, fostering a democratic and community-driven governance model.
- Utility: Beyond governance, $MNT is utilized for transaction fees on the Mantle Network, which incentivizes users to hold and use the token, integrating it into the network’s functionality. Furthermore, $MNT tokens can also be staked as collateral by nodes, adding a layer of security and stability to the network’s operations.
The $MNT token is an ERC-20 token, leveraging the established standards of Ethereum-based tokens to ensure broad compatibility and functionality. Advanced token functions exist on L1, while the L2 version is standard bridge-wrapped, maintaining the integrity of transactions across layers.
Mantle Governance and Treasury
The governance model of Mantle is underpinned by proposals and discussions within the community, ensuring transparency and inclusivity in decision-making. The Mantle Treasury, funded by $MNT, is governed by this process, with strict procedures in place for budgeting, capital calls, and distribution of funds. The tokens held in the treasury are allocated for strategic initiatives that drive development and adoption during the current phase of the ecosystem’s growth.
It is important to note that the Mantle ecosystem and the role of $MNT within it are not static. As a DAO, it possesses the flexibility to adapt and evolve. The governance process may bring about changes to the token’s utility and functionality, ensuring that the ecosystem remains responsive to the needs of its users and the broader blockchain landscape.
The BitDao Influence
The connection between BitDAO and Mantle is a pivotal alliance in the blockchain arena, exemplifying a synergistic partnership aimed at advancing Ethereum’s scalability and utility. BitDAO, recognized as one of the largest decentralized autonomous organizations (DAOs), is deeply invested in fostering the development of the Mantle layer-2 solution. This collaboration is rooted in a shared vision of enhancing the Ethereum ecosystem to support a broader range of applications and use cases, from DeFi to gaming.
The partnership was significantly deepened with the approval of the BIP-21 proposal in May 2023, which led to the merger between BitDAO and Mantle. Specifically, BitDAO committed a $100 million development fund to Mantle, underscoring the immense confidence in Mantle’s potential to deliver a scalable, efficient, and flexible blockchain infrastructure. Moreover, this merger integrates BitDAO’s BIT token into the MNT tokenomics, further intertwining the fates of both entities and aligning their goals towards mutual growth and innovation within the blockchain domain.
Урок 1:Introduction to Mantle - The Blockchain Evolution
Урок 2:The Mantle Token (MNT)
Урок 3:mETH and LSP - Staking Redefined
Урок 4:Mantle’s Technical Innovations
Урок 5: The Mantle Ecosystem and Governance
Урок 6:Mantle's Performance and Vision for the Future
The Mantle Token (MNT)
In this lesson, we will delve into the economics and functionality of the Mantle Token ($MNT), which plays a crucial role in the Mantle ecosystem by serving as a governance token and a utility token.
Tokenomics of MNT
Circulation and Allocation
The $MNT token features a distribution that is designed to support the long-term stability and development of the Mantle ecosystem. The token allocation is divided into several segments, reflecting the priorities and operational needs of the network:
- Circulating Supply: A significant portion of $MNT tokens is already in circulation, providing liquidity and enabling active participation within the ecosystem.
- Held in Treasury: A substantial amount of $MNT is reserved within the Mantle Treasury. These funds are earmarked for the ecosystem’s development, ensuring resources are available to support future growth and innovation.
- Core Budget (BIP-19): A smaller fraction is allocated to the core budget as outlined by the Mantle improvement proposal BIP-19, signifying a commitment to continuous development and maintenance of the network.
The careful allocation of $MNT tokens aligns with Mantle’s strategic plan to create a sustainable ecosystem, balancing the needs of development with the empowerment of its community.
Utility and Governance
$MNT serves dual functions within the Mantle ecosystem:
- Governance: $MNT holders have the right to vote on key proposals that shape the ecosystem’s future. Each token carries an equal weight in voting, fostering a democratic and community-driven governance model.
- Utility: Beyond governance, $MNT is utilized for transaction fees on the Mantle Network, which incentivizes users to hold and use the token, integrating it into the network’s functionality. Furthermore, $MNT tokens can also be staked as collateral by nodes, adding a layer of security and stability to the network’s operations.
The $MNT token is an ERC-20 token, leveraging the established standards of Ethereum-based tokens to ensure broad compatibility and functionality. Advanced token functions exist on L1, while the L2 version is standard bridge-wrapped, maintaining the integrity of transactions across layers.
Mantle Governance and Treasury
The governance model of Mantle is underpinned by proposals and discussions within the community, ensuring transparency and inclusivity in decision-making. The Mantle Treasury, funded by $MNT, is governed by this process, with strict procedures in place for budgeting, capital calls, and distribution of funds. The tokens held in the treasury are allocated for strategic initiatives that drive development and adoption during the current phase of the ecosystem’s growth.
It is important to note that the Mantle ecosystem and the role of $MNT within it are not static. As a DAO, it possesses the flexibility to adapt and evolve. The governance process may bring about changes to the token’s utility and functionality, ensuring that the ecosystem remains responsive to the needs of its users and the broader blockchain landscape.
The BitDao Influence
The connection between BitDAO and Mantle is a pivotal alliance in the blockchain arena, exemplifying a synergistic partnership aimed at advancing Ethereum’s scalability and utility. BitDAO, recognized as one of the largest decentralized autonomous organizations (DAOs), is deeply invested in fostering the development of the Mantle layer-2 solution. This collaboration is rooted in a shared vision of enhancing the Ethereum ecosystem to support a broader range of applications and use cases, from DeFi to gaming.
The partnership was significantly deepened with the approval of the BIP-21 proposal in May 2023, which led to the merger between BitDAO and Mantle. Specifically, BitDAO committed a $100 million development fund to Mantle, underscoring the immense confidence in Mantle’s potential to deliver a scalable, efficient, and flexible blockchain infrastructure. Moreover, this merger integrates BitDAO’s BIT token into the MNT tokenomics, further intertwining the fates of both entities and aligning their goals towards mutual growth and innovation within the blockchain domain.