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What is MANTLE (formerly BIT DAO)?

Mantle (MNT) is a Layer 2 blockchain for Ethereum and a fast-growing DAO-driven Web3 ecosystem. Layer 2 is an additional layer built on top of Ethereum's underlying Layer 1, aiming to improve Ethereum's scalability and speed. Mantle aims to bring hyperscale to Ethereum by combining a modular chain approach and a decentralized data availability layer with Ethereum rollups.

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Mantle (MNT) Market Information

  • mantle
  • Mantle
    (MNT)
  • Price
    $1.03
  • Market Cap
    $ 3.46 B

BIT will be integrated into MNT through rebranding

The 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 is an organization established to support the growth of the blockchain industry and, together with Mantle, is driving innovation in the data storage space. On June 2023, 6, BitDAO (BIT) was merged into MNT, the native token of the Mantle Network.

Technical structure and features of the virtual currency Mantle

Mantle, as an Ethereum Layer 2 blockchain, adopts a modular chain approach. This approach means that Mantle is not a single monolithic chain, but a chain composed of multiple modules. The main modules are the data availability layer, the rollup layer, and the application layer. The data availability layer is a layer that stores all Mantle data and ensures availability, and is built on Arweave. The rollup layer is a layer that processes and validates Mantle transactions, and ensures security and compatibility by sending transaction proofs and aggregations to Ethereum Layer 1. The application layer is a layer that runs applications and smart contracts built on top of Mantle, and is compatible with Ethereum.

Mantle is a platform aiming to bring decentralized and token-controlled technology to the masses. Key features include:

  1. Mantle Network: A Layer 2 network on Ethereum that allows you to build dApps leveraging the security of Ethereum while providing a great user experience thanks to its modular architecture.
  2. Hyperscale Performance: The combination of rollup technology and a decentralized data availability layer (Mantle DA powered by EigenDA technology) enables low fees and fast finalization.
  3. Secured by Ethereum: Ethereum rollup technology provides an environment that offers high throughput and security.
  4. Mantle LSD: We are working to improve the capital efficiency of ETH through decentralized staking services.
  5. Mantle Governance$MNT token holders determine the strategic direction of the Mantle ecosystem, including launching new initiatives, transferring or withdrawing financial resources, empowering or changing the operating team, and implementing corrective actions.
  6. resource management: We have the power to shape the economic outcomes surrounding Mantle's products and value a value-driven mindset, transparency, and accountability.
  7. Mantle EcoFund: Mantle has a $2 million capital pool to invest in high potential applications for its products and technology partners.
  8. EduDAO: An incubator that aims to foster blockchain innovation by providing resources and active capital to university groups and centers.
  9. Game7: Gaming industry veterans and crypto-native leaders come together to build a fairer gaming industry where developers and players are on the same side.

Through these features, Mantle aims to bring decentralized technology to the masses.

Mantle (MNT) Max Supply and Price Forecast

The Mantle (MNT) cryptocurrency has a maximum supply of about 62.2 billion coins, and a current circulation of about 31.1 billion coins. There are various views on future price predictions:

  1. For 2024, the highest price of Mantle is expected to reach $2.06, with an average price of around $1.54, and depending on market conditions, the lowest price could drop to $1.13.
  2. In their 2025 forecasts, CoinArbitrageBot sees a peak price of $2.37, DigitalCoinPrice sees it at $1.77, and PricePrediction sees it reaching $1.38 by the end of the year.
  3. By 2026, the highest price of Mantle is expected to be around $6.038. The average price is expected to be around $5.802, and if the market is in a bearish trend, the lowest price could fall to $5.447.

Please note that these projections are based on various technical analyses and market trends, and that the actual future prices of cryptocurrencies are highly volatile and difficult to predict, therefore these figures should be considered as estimates and are not guaranteed.

Links

Official Website

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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