What is MNT

1. Project Introduction
Mantle is a high-performance Ethereum Layer 2 network, designed with a modular architecture that offers low fees and high security. Key features include:
Modular Data Availability: Through EigenLayer, Mantle achieves higher transaction throughput compared to traditional Layer 2 solutions.
Multi-Party Computation (MPC): Mantle minimizes trust risks in Layer 2 execution results using MPC.
Decentralized Sequencer: Mantle decentralizes its sequencer to ensure secure, trustless block production.
In May 2023, BitDAO passed the BIP-21 proposal, rebranding BitDAO to the Mantle ecosystem, with the BIT token being swapped for MNT tokens. Mantle’s treasury holds $2.48 billion in assets (68.2% in MNT tokens), with a TVL of $560 million, ranking No.7 among L2 blockchains according to DefiLlama.
Summary: Mantle leverages Optimistic rollup and modular data availability via EigenLayer, combining MPC and a decentralized sequencer to boost TPS and reduce costs.
2. Team & Investment Info
Mantle was incubated by BitDAO.
Mark Veer: Head of Business Development at Mantle.
Francesca Tay: Head of Marketing, previously worked as CMO at Davion Labs and held roles at Bybit and CNBC.
Joshua Cheong: Head of Product (Protocol Development and Architecture), with experience at ETHGlobal, Chainlink Labs, and Citi.
Funding: In June 2021, BitDAO raised $230 million, led by Peter Thiel’s Founders Fund, Pantera Capital, Dragonfly Capital, and others.
3. Social Media URLs
X: https://x.com/0xMantle
Telegram: https://t.me/mantlenetwork
Discord: https://discord.com/invite/0xMantle
4. Token Info
Token Symbol: MNT
Total Supply: 6,219,316,795
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://etherscan.io/token/0x3c3a81e81dc49a522a592e7622a7e711c06bf354
Token Distribution:
2023-07-07 The initial distribution of $MNT is as follows:
Mantle Treasury: 49%, released based on governance proposals.
Circulating Supply: 51%
5. Related Links
Official Website: https://www.mantle.xyz/
White Paper: https://docs-v2.mantle.xyz/
LinkedIn: https://www.linkedin.com/company/0xmantle/
Other Info:
https://www.rootdata.com/Projects/detail/Mantle%20Network?k=NTc4Mw%3D%3D