Mantle

$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.