Mantle Network (formerly BitDAO) is an EVM-compatible Layer-2 scalability solution built on top of Ethereum. It utilizes a modular architecture that combines an optimistic rollup protocol with an innovative data availability solution. Mantle inherits security from Ethereum while offering cost-effective data availability. The native token, $MNT, serves as the governance and utility token within the ecosystem. It grants voting rights for DAO decisions and is used for gas fees on the Mantle Network. Additionally, $MNT can act as collateral for network nodes, incentivizing participation and contributing to network security. The token is ERC-20 compliant, and its functionalities are subject to modifications through the Mantle Governance process.
