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What is MANTLE (formerly BIT DAO)?

Mantle (MNT) is a variant of Ethereum's Layer2 blockchain, a fast-growing DAO-driven Web3 ecosystem.Layer2 is an additional layer built on top of Ethereum's underlying Layer1 to increase Ethereum's scalability and speed Mantle seeks to bring hyperscale to Ethereum by adopting a modular chain approach and combining a decentralized data availability layer with Ethereum's rollup.

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Mantle(MNT)市場情報

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Rebranding integrates BIT into MNT

Mantle Network is a product of BitDAO and was released as a decentralized Web3 infrastructure that enables the development and execution of fast, secure and low-cost Web3 applications.BitDAO was established to support the growth of the blockchain industry On June 22, 2023, BitDAO (BIT) was integrated into MNT, the native token of the Mantle Network.

Technical structure and features of the virtual currency Mantle

Mantle, as Ethereum's Layer 2 blockchain, uses a modular chain approach. This approach means that Mantle is not one monolithic chain, but a chain composed of multiple modules. The main modules include a Data Availability Layer, a Rollup Layer, and an Application Layer. The Data Availability Layer is the layer that stores all of Mantle's data and ensures availability, and is built on Arweave. The Rollup Layer is the layer that processes and validates Mantle's transactions and sends transaction proofing and aggregation to Ethereum's Layer 1 to ensure security and compatibility. The Application Layer is the layer that executes applications and smart contracts built on top of Mantle and compatible with Ethereum.

Mantle is a platform for mass adoption of decentralized and token-managed technologies. Key features include the following elements

  1. Mantle Network: Ethereum's Layer 2 network, which allows you to build dApps leveraging Ethereum's security while providing a superior user experience with its modular architecture.
  2. Hyperscale Performance: The combination of roll-up technology and a decentralized data availability layer (Mantle DA with EigenDA technology) ensures low fees and fast finalization.
  3. Secured by Ethereum: Ethereum's roll-up technology creates an environment that provides high throughput and security.
  4. Mantle LSD: We are working to improve ETH's capital efficiency through distributed staking services.
  5. Mantle Governance: $MNT token holders will determine the strategic direction of the Mantle ecosystem, including launching new initiatives, shifting or recapturing financial resources, empowering or changing operational teams, and implementing corrective actions.
  6. Resource Management: We have the authority to shape the economic outcomes related to Mantle's products and are committed to a value-oriented mindset, transparency, and accountability.
  7. Mantle EcoFund: We have a $200 million pool of funds to invest in high-potential applications and technology partners for Mantle products.
  8. EduDAO: An incubator dedicated to promoting blockchain innovation by providing resources and active capital to university groups and centers.
  9. Game7: We bring together gaming industry veterans and crypto-native leaders to build a more equitable gaming industry where developers and players are on the same side.

Through these features, Mantle aims for mass adoption of decentralized technology.

Mantle (MNT) Maximum Supply and Price Forecast

The maximum supply of Mantle (MNT) virtual currency is about 6.22 billion coins, with a current circulation of about 3.11 billion coins. There are mixed views on future price expectations:

  1. For 2024, the highest price for Mantle is expected to reach $2.06, with an average price of about $1.54. Depending on market conditions, the minimum price could drop to $1.13.
  2. For the year 2025, CoinArbitrageBot expects the highest price to be $2.37, DigitalCoinPrice to be $1.77, and PricePrediction to be $1.38 by year-end.
  3. By 2026, the highest price for Mantle is expected to be about $6.038. The average price is expected to be about $5.802. If the market is bearish, the minimum price could drop to $5.447.

It should be noted that these projections are based on various technical analyses and market trends, and that the actual future prices of virtual currencies are highly volatile and difficult to predict. Therefore, these figures should be considered as estimates and are not guaranteed.

Related links:

Official Site

https://gamefi.co.jp/%e4%bb%ae%e6%83%b3%e9%80%9a%e8%b2%a8%e6%83%85%e5%a0%b1%e5%b1%80
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