About Mantle (MNT)

What is Mantle (MNT)?

Mantle’s a DAO-run Ethereum Layer 2 — built for speed, cheap fees, and serious scalability. It came out of BitDAO’s 2023 merger, merging governance power with modular tech. Think of it as Ethereum’s faster sidekick: same security, but smoother for apps that need scale without breaking the bank.

How does the MNT token fit in?

MNT isn’t just a gas token. It’s how users pay for transactions, vote in Mantle DAO, and fund growth. The treasury it manages — roughly $5B strong from the BitDAO days — includes USDC, USDT, and ETH. That kind of capital gives Mantle long breathing room to build, even when markets aren’t kind.

What’s Mantle’s token setup like?

There are 6.219 billion MNT total, no inflation. Around half’s already circulating; the rest sits in the treasury for grants and incentives. The 1:1 swap from BIT to MNT in 2023 made the transition clean — no cliffs, no gimmicks, just continuity. It’s a rare Layer 2 with hard limits and steady economics.

How’s the vesting handled?

It’s not a typical vesting story. The circulating tokens came from BitDAO conversions, so there’s no cliff or unlock drama. The 2.9B MNT in treasury move only when the DAO votes. In practice, it means the community itself decides how fast capital flows — slower, yes, but more accountable.

Who backed Mantle in the first place?

Funding started with BitDAO’s $230M round in 2021 — Pantera, Dragonfly, Founders Fund, Jump, Spartan. Bybit was the big backer, seeding the whole treasury. Then came a $356M IDO. When BitDAO merged with Mantle, all that money — and the investor weight behind it — just folded into one structure.

Did Mantle do a public sale?

Yeah, a small one. Bybit hosted it on July 11, 2023, right before trading kicked off on July 17. Only 2.5M MNT changed hands — a sliver, 0.03% of supply. No price disclosed, but it wasn’t about raising money. It was a signal to the community: MNT was officially live.

How’s the treasury used?

Through the DAO. Frameworks like BIP-19 guide how capital gets deployed — grants, rewards, partnerships. The $200M EcoFund fuels developers, while reward programs distribute EIGEN or COOK to active users. The treasury isn’t just sitting there; it’s constantly recycled into ecosystem growth.

Where’s MNT traded?

Pretty much everywhere that matters — Bybit leads, Binance and Coinbase carry USD and USDT pairs, Upbit runs MNT/KRW. Uniswap covers DeFi liquidity, while Hyperliquid lists MNT-USD perpetuals. Global access, centralized and decentralized, all aligned around deep, stable volume.

What’s next on the roadmap?

Mantle’s chasing a “full-stack banking” idea — merging CeFi and DeFi rails. Regulatory alignment (MiCA), better Bybit integration, and the Skadi v1.3.1 ZK upgrade top the list. Long term, it’s about tokenized real-world assets and institutional DeFi. Big vision, but the pieces are already moving.