It is a halal crypto to trade.
What is Mantle?
Mantle (MNT) is the native token of the Mantle Network, a Layer 2 scaling solution designed for the Ethereum blockchain. It aims to provide faster transaction speeds and lower fees compared to the Ethereum mainnet.
Key Features of Mantle
- Scalability: Mantle utilizes optimistic rollups to process transactions off-chain, significantly reducing congestion and transaction costs on Ethereum.
- Ethereum Compatibility: Mantle is designed to be compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily deploy existing Ethereum applications on the network.
- DAO-Governed: MNT token holders participate in the governance of the Mantle Network by voting on proposals related to fees, upgrades, and other crucial aspects.
Uses of MNT Token
- Network Governance: MNT holders can vote on proposals to shape the future of the Mantle Network.
- Transaction Fees: MNT might be used to pay for transaction fees on the Mantle network in the future (not yet implemented).
- Potential Staking Rewards: Some platforms might offer staking rewards for holding MNT (not confirmed on CoinMarketCap).