Mantle

Overview

Mantle is a Layer 2 blockchain platform built on Ethereum that aims to provide scalable and cost-efficient blockchain infrastructure. The MNT token serves as the network's native token for gas fees, staking, and governance.

Purpose and Utility

The primary purposes of MNT include: Network gas fees payment, Staking for network security, Governance participation in the Mantle DAO, and Value accrual through network activity. The token is actively being used for these intended purposes.

Business Model Evaluation

Mantle's business model focuses on providing blockchain infrastructure services, which is inherently halal as it involves the exchange of real utility and value. The platform does not directly facilitate any haram activities like gambling or interest-based lending.

Real-World Adoption

Mantle has shown significant adoption metrics: Over $2.5B in Total Value Locked (TVL) as of early 2024, Active developer ecosystem building on the platform, Growing number of decentralized applications deploying on the network.

Platform Development

The project maintains active development with regular updates to its core infrastructure. The GitHub repositories show consistent commits and improvements to the protocol.

Token Distribution

The token distribution includes allocations for: Ecosystem Fund (45%), Treasury (25%), Core Contributors (20%), Early Supporters (10%). Vesting schedules are in place for team and investor allocations, showing commitment to long-term development.