Tokenomics

Transfer Restrictions - The content contained in this website does not constitute an offer or sale of securities in or into the United States, or to or for the account or benefit of U.S. persons, or in any other jurisdictions where it is unlawful to do so. Transfer of MNT tokens may be subject to legal restrictions under applicable laws. Under no circumstances shall MNT tokens be reoffered, resold or transferred within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933, as amended.

It is important to note that DAOs are highly customizable and adaptable structures. The information provided regarding $MNT token governance and utility reflects the current state of affairs. However, as the Mantle Ecosystem evolves, the content and functionality described may be subject to modification through the Mantle Governance process.

Summary

1. The $MNT token serves dual roles as a governance and utility token within Mantle Ecosystem.

2. As a governance token, each $MNT provides voting weight within the Mantle Governance process.

3. As a utility token, $MNT is utilized for gas fees on Mantle Network, and a principal asset within Mantle Rewards Station.

4. The initial distribution of $MNT was determined by Mantle genesis proposals BIP-21 and MNT-22.

5. $MNT held in the Mantle Treasury can be considered "not in circulation".

6. The distribution of $MNT tokens from the Mantle Treasury requires authorization, most importantly via Budget Proposals.

Token Addresses

Blockchain $Token	Token Address
Ethereum L1 $MNT	0x3c3a81e81dc49A522A592e7622A7E711c06bf354
Mantle Network L2 $MNT	0xdeaddeaddeaddeaddeaddeaddeaddeaddead0000
Mantle Network L2 $wMNT	0x78c1b0C915c4FAA5FffA6CAbf0219DA63d7f4cb8

Distribution and Supply

Current Distribution

Calculate via API

https://api.mantle.xyz/api/v1/token-data

https://api.mantle.xyz/api/v1/token-data?q=totalSupply

https://api.mantle.xyz/api/v1/token-data?q=circulatingSupply

Calculate Manually

Total Supply: query the totalSupply method of MNT token contract https://etherscan.io/address/0x3c3a81e81dc49a522a592e7622a7e711c06bf354#readProxyContract

Mantle Treasury: query the $MNT balance of Mantle Treasury addresses: #treasury-holdings-core

Mantle Core Budget: query the $MNT balance of Mantle Core Budget addresses: Budget Related

Initial Distribution

The 2023-07-07 initial distribution of $MNT is as follows:

Holder Category	$MNT tokens [1]	Share	Vesting, Distribution
Mantle Treasury [2]	3,046,328,614	49.0%	Based on Mantle Governance Proposals
Circulating	3,172,988,154	51.0%	None
	6,219,316,768	100.0%

[1] Based on 2023-07-07 snapshot and post-approval of MIP-23: $MNT Supply Optimization.

[2] Includes the core holdings treasuries for DAO governed and undistributed $MNT tokens, and DAO-owned liquidity positions such as MNT:ETH LP pairs. Excludes Mantle product budget treasuries and Mantle protocol fee related wallets.

Subsequent Distributions

Via Budget Proposals

The Mantle Core budget represents the primary expenditure of $MNT for payments and incentives within the following categories: workforce, G&A, marketing, ecosystem and builder programs, and infrastructure & security. A summary of monthly expenditures by category are publically reported via Treasury Monitor.

$MNT is authorized via Budget Proposals (below) to be transferred from Core Treasuries to Budget Treasuries, prior to final distributions.

Authorization	Applicable Period	Max Allowance
2023-09-12 MIP-31: Mantle Budget Second Period	Jul 2014 to Jun 2025, with additional 3 month extension.	200M $MNT limit.
2023-02-20 BIP-19 Mantle Budget First Period	Up to 6 months of Mantle Network Testnet, and 1 Year of Mainnet.	Ecosystem Incentives equivalent to 100M $MNT. Technology Partner Incentives equivalent to 45M $MNT.

Token Functions

See Etherscan $MNT token code.