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	0.5362USDT	-1.72%	18,229,974.22MANTLE	64,744	0.5456USDT	0.5629USDT
2	MANTLE-USDC MNTUSDC	bybit	A	0.5363USDC	-1.61%	1,043,316.02MANTLE	3,385	0.5451USDC	0.5621USDC
3	MANTLE-USD MANTLE-USD	coinbase	AA	0.5356USD	-1.71%	532,102.71MANTLE	2,076	0.5449USD	0.5622USD
4	MANTLE-USDT MNT_USDT	gateio	A	0.5364USDT	-1.70%	365,902.49MANTLE	1,768	0.5457USDT	0.5626USDT
5	MANTLE-USD1 MNTUSD1	bybit	A	0.5364USD1	-1.74%	314,133.63MANTLE	2,059	0.5459USD1	0.5628USD1
6	MANTLE-BTC MNTBTC	bybit	A	0.0₅6534BTC	-0.11%	258,586.44MANTLE	2,482	0.0₅6541BTC	0.0₅6783BTC
7	MANTLE-USD MNTUSD	kraken	AA	0.5344USD	-1.96%	129,622.63MANTLE	438	0.5451USD	0.5622USD
8	MANTLE-USDT MNT-USDT	kucoin	BB	0.5366USDT	-1.65%	75,234.21MANTLE	1,668	0.5456USDT	0.5625USDT
9	MANTLE-EUR MNTEUR	kraken	AA	0.4786EUR	-1.10%	29,848.64MANTLE	70	0.4839EUR	0.5000EUR
10	MANTLE-USD mntusd	bitstamp	AA	0.5358USD	-1.69%	18,576.17MANTLE	99	0.5450USD	0.5620USD
11	MANTLE-USD MNTUSD	bitfinex	BB	0.5370USD	-1.54%	152.57MANTLE	187	0.5453USD	0.5617USD
12	MANTLE-USDT MNTUST	bitfinex	BB	0.5364USDT	-1.72%	106.38MANTLE	169	0.5457USDT	0.5614USDT
13	MANTLE-USDC MNTUSDC	cexio	BB	0.5609USDC	4.63%	32.62MANTLE	1	0.5361USDC	0.5609USDC
14	MANTLE-USD MNTUSD	cexio	BB	0.5574USD	3.16%	27.18MANTLE	1	0.5403USD	0.5574USD
15	MANTLE-EUR mnteur	bitstamp	AA	0.4762EUR	0.00%	0MANTLE	0	0.4762EUR	0.4762EUR
16	MANTLE-USDT mntusdt	huobipro	C	0.5356USDT	-1.27%	7,875,569.79MANTLE	74,772	0.5425USDT	0.5575USDT
17	MANTLE-USDT MNTUSDT	bitrue	D	0.5363USDT	-1.69%	3,354,376.64MANTLE	54,877	0.5455USDT	0.5631USDT
18	MANTLE-USDT MNT-USDT	bingx	D	0.5367USDT	-1.60%	1,395,816.10MANTLE	62,653	0.5454USDT	0.5600USDT
19	MANTLE-KRW KRW-MNT	upbit	B	717.00KRW	-1.24%	436,650.81MANTLE	552	726.00KRW	750.00KRW
20	MANTLE-USDT mnt_usdt	xtpub	-	0.5368USDT	-1.63%	237,795.39MANTLE	789	0.5457USDT	0.5626USDT
21	MANTLE-USDT MNTUSDT	mexc	C	0.5363USDT	-1.67%	166,734.94MANTLE	3,169	0.5454USDT	0.5629USDT
22	MANTLE-USDC MNTUSDC	mexc	C	0.5350USDC	-1.71%	97,648.18MANTLE	3,027	0.5443USDC	0.5628USDC
23	MANTLE-KRW MNT_KRW	bithumbkorea	-	713.00KRW	-1.38%	73,813.30MANTLE	183	723.00KRW	744.00KRW
24	MANTLE-TRY MNTTRY	btcturk	E	26.53TRY	-0.05%	45,793.10MANTLE	198	26.54TRY	27.78TRY
25	MANTLE-THB THB_MNT	bitkub	C	18.19THB	0.66%	16,140.69MANTLE	5	18.07THB	18.70THB
26	MANTLE-BRL MNT-BRL	mercadobtc	C	3.00BRL	9.02%	2,964.04MANTLE	17	2.75BRL	3.00BRL
27	MANTLE-USD MNTUSD	edxmarkets	C	0.5578USD	3.93%	1,182.11MANTLE	2	0.5367USD	0.5578USD
28	MANTLE-IDR mntidr	indodax	E	9,700.00IDR	-15.28%	1,081.49MANTLE	20	11,450.00IDR	11,450.00IDR
29	MANTLE-USDT MNTUSDT	btcturk	E	0.5370USDT	-1.10%	502.40MANTLE	4	0.5430USDT	0.5570USDT
30	MANTLE-BTC BTC-MNT	upbit	B	0.0₅6700BTC	0.00%	0MANTLE	0	0.0₅6700BTC	0.0₅6700BTC
31	MANTLE-INR MNTINR	coindcx	-	55.14INR	2.87%	186.37MANTLE	10	53.60INR	57.18INR
32	MANTLE-KRW MNT_KRW	coinone	C	718.00KRW	-3.04%	90.43MANTLE	2	740.50KRW	740.50KRW
33	MANTLE-AUD MNT-AUD	btcmarkets	C	0.7589AUD	0.00%	0MANTLE	0	0.7589AUD	0.7589AUD
34	MANTLE-KRW mnt_krw	korbit	C	693.50KRW	0.00%	0MANTLE	0	693.50KRW	693.50KRW
35	MANTLE-USD MNT_USD	independentreserve	B	0.5406USD	0.00%	0MANTLE	0	0.5406USD	0.5406USD
36	MANTLE-AUD MNT_AUD	independentreserve	B	0.7774AUD	0.00%	0MANTLE	0	0.7774AUD	0.7774AUD
37	MANTLE-USDT MNTUSDT	coinex	C	0.5747USDT	0.00%	0MANTLE	0	0.5747USDT	0.5747USDT