Question 1

What is Mantle?

Accepted Answer

Mantle Network is a Layer-2 (L2) scalability solution built on top of Ethereum. It is an EVM-compatible technology stack designed for scaling Ethereum efficiently and cost-effectively. Mantle Network utilizes a modular architecture that combines an optimistic rollup protocol with an innovative data availability solution. This approach allows it to inherit security from Ethereum while offering cheaper and more accessible data availability. By building on top of Ethereum, Mantle Network benefits from Ethereum's validator set and consensus protocol, ensuring a secure and reliable infrastructure for transactions.

Question 2

Who created Mantle (MNT)?

Accepted Answer

Mantle (MNT) is a migration of BitDAO (BIT). The migration began on the 17th of July, 2023

Question 3

What is $MNT used for?

Accepted Answer

$MNT is the native governance and utility token within the Mantle Ecosystem. As a governance token, each $MNT carries an equal vote weight, allowing token holders to actively participate in DAO voting and influence decision-making processes. This ensures a decentralized and community-driven approach to shape the future of the Mantle Network.

In terms of utility, $MNT is used for gas fees on the Mantle Network. Additionally, $MNT tokens can be used as collateral assets for Mantle Network nodes, incentivizing participation and contributing to the network's security and stability.

The $MNT token is an ERC-20 token, and its advanced token functions are on L1, while the L2 version is a standard bridge-wrapped ERC-20 token. As the Mantle Ecosystem evolves, the governance and utility functionalities of $MNT are subject to modifications based on the Mantle Governance process.

It's worth noting that $MNT held in the Mantle Treasury may not be in circulation, and its distribution is subject to the Mantle Governance process, following a strict procedure. The $MNT tokens held in the Mantle Core Budget are intended for use in the current phase of development and adoption within the ecosystem.

***The official Mantle ticker is “MNT” and trades under that name on all the exchanges where it has been listed. The designation “MANTLE" is for CryptoCompare.com only.***

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	MANTLE-USDT MNTUSDT	bybit	A	0.5526USDT	1.45%	11,606,950.43MANTLE	34,428	0.5447USDT	0.5535USDT
2	MANTLE-USDC MNTUSDC	bybit	A	0.5522USDC	1.40%	1,002,931.67MANTLE	3,753	0.5446USDC	0.5531USDC
3	MANTLE-USD MANTLE-USD	coinbase	AA	0.5522USD	1.43%	461,143.40MANTLE	1,829	0.5444USD	0.5530USD
4	MANTLE-USDT MNT_USDT	gateio	A	0.5527USDT	1.39%	359,588.74MANTLE	2,065	0.5451USDT	0.5536USDT
5	MANTLE-USD MNTUSD	kraken	AA	0.5523USD	1.79%	204,968.86MANTLE	580	0.5426USD	0.5532USD
6	MANTLE-EUR MNTEUR	kraken	AA	0.4821EUR	2.86%	18,409.53MANTLE	55	0.4687EUR	0.4838EUR
7	MANTLE-USD1 MNTUSD1	bybit	A	0.5527USD1	1.51%	18,828.18MANTLE	357	0.5445USD1	0.5535USD1
8	MANTLE-USDT MNT-USDT	kucoin	BB	0.5528USDT	1.36%	18,475.74MANTLE	410	0.5454USDT	0.5535USDT
9	MANTLE-EUR mnteur	bitstamp	AA	0.4987EUR	0.00%	0MANTLE	0	0.4987EUR	0.4987EUR
10	MANTLE-USD mntusd	bitstamp	AA	0.5513USD	1.45%	11,526.43MANTLE	44	0.5434USD	0.5520USD
11	MANTLE-BTC MNTBTC	bybit	A	0.0₅7230BTC	0.86%	7,469.72MANTLE	119	0.0₅7168BTC	0.0₅7266BTC
12	MANTLE-USD MNTUSD	bitfinex	BB	0.5530USD	1.80%	125.93MANTLE	140	0.5433USD	0.5539USD
13	MANTLE-USDT MNTUST	bitfinex	BB	0.5516USDT	1.42%	94.17MANTLE	152	0.5439USDT	0.5530USDT
14	MANTLE-USD MNTUSD	cexio	BB	0.5518USD	-3.32%	77.19MANTLE	2	0.5707USD	0.5707USD
15	MANTLE-USDC MNTUSDC	cexio	BB	0.5500USDC	-4.82%	72.51MANTLE	2	0.5778USDC	0.5778USDC
16	MANTLE-USDT mntusdt	huobipro	C	0.5516USDT	-0.45%	3,283,278.88MANTLE	31,203	0.5541USDT	0.5598USDT
17	MANTLE-USDT MNTUSDT	bitrue	D	0.5530USDT	1.49%	2,283,965.61MANTLE	48,435	0.5449USDT	0.5536USDT
18	MANTLE-USDT MNT-USDT	bingx	D	0.5525USDT	1.66%	913,996.27MANTLE	47,536	0.5435USDT	0.5525USDT
19	MANTLE-USDT mnt_usdt	xtpub	-	0.5527USDT	1.41%	469,136.07MANTLE	1,841	0.5450USDT	0.5536USDT
20	MANTLE-USDT MNTUSDT	mexc	C	0.5525USDT	1.41%	146,156.52MANTLE	3,279	0.5447USDT	0.5533USDT
21	MANTLE-KRW KRW-MNT	upbit	B	763.00KRW	2.42%	128,594.67MANTLE	207	745.00KRW	763.00KRW
22	MANTLE-USDC MNTUSDC	mexc	C	0.5523USDC	1.38%	105,240.44MANTLE	3,006	0.5447USDC	0.5535USDC
23	MANTLE-KRW MNT_KRW	bithumbkorea	-	758.00KRW	2.99%	78,258.27MANTLE	210	736.00KRW	758.00KRW
24	MANTLE-TRY MNTTRY	btcturk	E	26.80TRY	2.04%	11,043.30MANTLE	20	26.26TRY	26.86TRY
25	MANTLE-USDT MNTUSDT	coinex	C	0.5508USDT	2.25%	8,372.49MANTLE	8,556	0.5387USDT	0.5508USDT
26	MANTLE-BTC MNTBTC	coinex	C	0.0₅7149BTC	-0.21%	421.48MANTLE	1,661	0.0₅7164BTC	0.0₅7208BTC
27	MANTLE-INR MNTINR	coindcx	-	55.02INR	1.01%	281.89MANTLE	6	54.47INR	55.02INR
28	MANTLE-THB THB_MNT	bitkub	C	18.47THB	1.71%	219.72MANTLE	14	18.16THB	24.99THB
29	MANTLE-AUD MNT-AUD	btcmarkets	C	0.7209AUD	0.00%	0MANTLE	0	0.7209AUD	0.7209AUD
30	MANTLE-BTC BTC-MNT	upbit	B	0.0₅7170BTC	0.00%	0MANTLE	0	0.0₅7170BTC	0.0₅7170BTC
31	MANTLE-USDT MNTUSDT	btcturk	E	0.5891USDT	8.58%	76.20MANTLE	1	0.5426USDT	0.5891USDT
32	MANTLE-KRW mnt_krw	korbit	C	625.80KRW	0.00%	0MANTLE	0	625.80KRW	625.80KRW
33	MANTLE-USD MNTUSD	edxmarkets	C	0.6019USD	0.00%	0MANTLE	0	0.6019USD	0.6019USD
34	MANTLE-IDR mntidr	indodax	E	10,000.00IDR	3.89%	106.91MANTLE	6	9,626.00IDR	10,296.00IDR
35	MANTLE-KRW MNT_KRW	coinone	C	738.50KRW	0.00%	0MANTLE	0	738.50KRW	738.50KRW
36	MANTLE-BRL MNT-BRL	mercadobtc	C	2.86BRL	2.35%	3.37MANTLE	5	2.79BRL	2.86BRL