$MNTL is the native token of the AssetMantle ecosystem. In this article, you can learn about its utility on the network, products & beyond.
$MNTL Token Utility
$MNTL is governance and staking token securing the MantleChain along with supporting the MantlePlace (NFT marketplace) transactions: minting, trading, royalties, and fees. Initially, the token will also help bootstrap genesis creators, liquidity provision, and NFT minting and trading activities through retroactive rewards and airdrops.
Governance
The $MNTL token is required as a deposit to create on-chain governance proposals. The token holders can then vote on these proposals with their staked $MNTL.
Chain Security
AssetMantles’ sovereign chain – MantleChain, runs on the Tendermint core, a dPoS (delegated Proof-of-Stake) based pBFT (Practical Byzantine Fault Tolerance) consensus engine. The token holders can participate in securing the chain by delegating their tokens to validators of their choice. The delegators will then be incentivized for active participation in the consensus through their selected validators or risk slashing in case of malicious behavior by the same.
NFT Transactions
$MNTL will be used to pay for transaction fees, platform commission, and creator royalties. The token will also be used for the curation of the platform (via curation DAO) which plays an integral role in an NFT marketplace governance.
$MNTL Token Distribution
The token distribution is strategized to create sustainable growth and augment ecosystem engagements.
The $MNTL distribution is designed in a way to have 50% of the supply governed by the community to incentivize the ecosystem supporters in form of MantleDrops and also reward the MantlePlace stakeholders.
The total supply at genesis will be 300 million tokens and it would follow a two-year halving inflation schedule according to the distribution as detailed below:
Foundation (35% – 105 million $MNTL)
- Protocol development and adoption
- Ecosystem growth
- Initial token delegation to top-tier validators to ensure chain security
- Strategic reserves for platform collaborations
- Any additional support to the community pool to reward the community over and above their allocation if and when required
Team (10% – 30 million $MNTL)
Support the team for continuous development and expansion of the platform capabilities
Strategic Partners (5% – 15 million $MNTL)
Collaborators, advisors, and project partners to provide exposure to multiple asset classes and various applications.
Community Treasury (30% – 90 million $MNTL)
- Community Grants to incentivize NFT projects & applications
- Bootstrapping community driven DAOs to ensure the long-term growth of the ecosystem
- Curation of the MantlePlace & incentivization to active supporters
- Community driven Governance for the MantlePlace to reward the right stakeholders and disincentivize the malicious users.
MantleDrops (20% – 60 million $MNTL)
- At genesis incentivizing: early adopters, stakers, liquidity providers and active NFT users across multiple ecosystems
- Post genesis campaigns to bootstrap the creator, trading, and curator communities
$MNTL Token Release Schedule
At genesis, 26% (78 million $MNTL) of the supply will be circulating to bootstrap liquidity and incentivize the early adopters of the platform.
Total Genesis Supply – 300 million $MNTL
Total Circulating Supply at Genesis – 78 million $MNTL
Foundation (35% – 105 million $MNTL)
| Tokens | Locking Period | Vesting Period (Linear) |
| 6% (18 million) | Immediate Unlock | N/A |
| 29% (87 milli2on) | 6 months | 18 months |
Team (10% – 30 million $MNTL)
| Tokens | Locking Period | Vesting Period (Linear) |
| 10% (30 million) | 12 months | 36 months |
Community Treasury (30% – 90 million $MNTL)
| Tokens | Locking Period | Vesting Period (Linear) |
| 5% (15 million) | Immediate Unlock | N/A |
| 5% (15 million) | 1 month | 3 months |
| 5% (15 million) | 6 months | 6 months |
| 15% (45 million) | 6 months | 18 months |
Strategic Partners (5% – 15 million $MNTL)
| Tokens | Locking Period | Vesting Period (Linear) |
| 1% (3 million) | Immediate Unlock | N/A |
| 1% (3 million) | 1 month | 3 months |
| 1% (3 million) | 6 months | 6 months |
| 1% (3 million) | 6 months | 18 months |
| 1% (3 million) | 12 months | 36 months |
MantleDrops (20% – 60 million $MNTL)
| Tokens | Locking Period | Vesting Period (Linear) |
| 14% (42 million) | Immediate Unlock | N/A |
| 3% (9 million) | 1 month | 3 months |
| 3% (9 million) | 6 months | 6 months |
$MNTL Supply & Rewards Distribution
The token supply will be following an inflationary schedule to facilitate rewards such as staking, NFT incentives, and community rewards distributions. Starting with 75%, the inflation follows a halving schedule every 2 years. With an initial supply of 300 million and assuming a 67% bonding rate, the $MNTL will reach an asymptotic maximum supply of 6 billion over the period of 20 years.
The staking rewards incentivize $MNTL holders to stake their tokens, thus increasing network security. Due to the inflation halving every two years, early stakers will be rewarded with the best staking yields for their contributions and support.
The details about the MantleDrops will be announced in the upcoming days, which will include Airdrops and NFT Drops
About AssetMantle
AssetMantle is a multi-tenant NFT marketplace framework that enables creators and collectors to securely mint, own, and trade digital assets on its fast-finality blockchain. The AssetMantle no-code toolset allows creators to create customized assets and marketplaces permissionless-ly . Likewise, collectors can own the assets minted across these marketplaces and compatible chains in a singular wallet with minimal gas and a lower carbon footprint. Built on the interNFT standard, AssetMantle implements an end-to-end stack of open-source modular tools that developers can modify to fit advanced use cases.
contribute to interchain NFT standards; currently being spearheaded by us & the interchain foundation: https://github.com/interNFT/nft-rfc/tree/main
Vision
Build an open-source, community-driven framework for inter-chain NFTs and metadata standardization by contributing to the ‘interNFT standard’.
Mission
Provide a platform that enables a diverse set of NFTs use cases that extend beyond arts and collectibles and can potentially change the representation of rights and ownership of real-world assets like real estate and other commodities.
AssetMantle is always on the lookout to connect with individuals or organizations who wish to take advantage of the opportunities present in the blockchain space and want to learn more about AssetMantle. If you wish to get in touch, please do not hesitate to reach out.
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