Money Token: A Decentralized Currency System Empowering Users to Control Digital Assets
The Money Token whitepaper was written and released by the core Money Token team in late 2024, against the backdrop of rapid digital economy development and growing demand for more efficient and inclusive financial services, aiming to explore a new type of value storage and exchange medium to address the limitations of traditional financial systems.
The theme of the Money Token whitepaper is “Money Token: Building the Core Protocol for the Next Generation Decentralized Value Network.” What makes Money Token unique is its proposal of an asset management model driven by a hybrid consensus mechanism and smart contracts, enabling seamless value transfer through efficient cross-chain interoperability; the significance of Money Token lies in providing a secure, transparent, and scalable infrastructure for the issuance, management, and trading of digital assets, with the potential to significantly reduce the cost and barriers of financial transactions globally.
The original intention of Money Token is to create a truly decentralized, efficient, and easily accessible global value network. The core viewpoint articulated in the Money Token whitepaper is: by combining innovative consensus algorithms with a modular smart contract architecture, it achieves the optimal balance between security, scalability, and decentralization, thereby enabling inclusive finance and the widespread application of digital assets.
Money Token whitepaper summary
What is Money Token
Friends, today let's talk about a blockchain project called Mantle Network, with the token ticker MNT. You might ask, isn't it called “Money Token”? Yes, in the world of cryptocurrencies, sometimes names and tickers can “overlap” a bit, or a single ticker might refer to several projects. However, the most active, well-documented, and widely recognized project represented by “MNT” in the current market is the Mantle Network we’re introducing today. It’s a “highway” project designed to make the Ethereum blockchain faster, cheaper, and easier to use.
Imagine Ethereum as a very busy city main road, with lots of cars (transactions) but limited lanes (processing capacity), leading to frequent traffic jams and rising tolls (transaction fees). Mantle Network’s goal is to build a “highway” (Layer 2 scaling solution) alongside this main road, allowing most cars to take the highway, greatly relieving the pressure on the main road, making transactions much faster and fees much lower.
The core users of Mantle Network are developers and regular users who want to make fast, low-cost transactions on Ethereum, such as those playing blockchain games, using DeFi (decentralized finance) applications, or trading NFTs.
A typical usage process goes like this: you originally wanted to make a transaction on the Ethereum mainnet, but now you can choose to complete it via the Mantle Network “highway.” Your assets are first “bridged” from the Ethereum mainnet to Mantle Network, then you operate on Mantle Network, enjoying its speed and low fees. After completing your operations, you can bridge your assets back to the Ethereum mainnet at any time.
Project Vision and Value Proposition
The vision of Mantle Network is to become a bridge in the blockchain world, connecting traditional finance and decentralized finance, and promoting the large-scale adoption of decentralized technology.
The core problem it aims to solve is Ethereum’s long-standing “impossible trinity” dilemma: security, decentralization, and scalability. Ethereum excels in security and decentralization, but faces challenges in scalability, leading to network congestion and high transaction fees. Mantle Network, through its Layer 2 solution, aims to significantly improve Ethereum’s scalability without sacrificing security or decentralization.
Compared to similar projects (such as other Ethereum Layer 2 solutions), Mantle Network’s uniqueness lies in its modular design, separating transaction execution, data availability, and transaction finality. In addition, it leverages EigenDA technology to optimize data availability, which helps further reduce costs and improve efficiency.
Technical Features
The technology of Mantle Network is like building a sophisticated interchange, with several key “engineering designs”:
Ethereum Layer 2 Scaling Solution
Mantle Network is a “second layer” solution for Ethereum, meaning it doesn’t replace Ethereum but runs on top of it, helping Ethereum process more transactions.
Modular Architecture
It adopts a modular design, like building different functions of a bridge (such as the deck, piers, and approach bridges) separately, so each part can be independently optimized and upgraded. Specifically, it separates transaction execution, data storage, and transaction finality, making the system more flexible and efficient.
Evolution from Optimistic Rollup to ZK Rollup
Mantle Network was initially based on Optimistic Rollup technology, which accelerates transactions through “optimistic” assumptions. But it has evolved to use ZK Validity Rollup technology, a more advanced zero-knowledge proof technology that offers stronger security and efficiency.
EVM Compatibility
Mantle Network is fully compatible with the Ethereum Virtual Machine (EVM), meaning decentralized applications (DApps) developed on Ethereum can easily migrate to Mantle Network without major modifications by developers.
Data Availability Layer
Mantle Network leverages technologies like EigenDA to ensure the availability of transaction data, which is crucial for the security of Rollup solutions. It’s like equipping the highway with an efficient monitoring system to ensure all vehicle information can be recorded and checked.
Tokenomics
The token of Mantle Network is MNT, which plays multiple roles in the entire ecosystem, like a “pass” and “management right” for the highway:
Basic Token Information
- Token Symbol: MNT
- Issuing Chain: MNT tokens are deployed on Ethereum Layer 1 and Mantle Layer 2 networks as ERC-20 tokens.
- Total Supply: The total supply of MNT is fixed at 6,219,316,794.
- Issuance Mechanism: MNT tokens were rebranded from the original BitDAO (BIT) project in July 2023, with BIT tokens migrated to MNT at a 1:1 ratio.
- Current and Future Circulation: As of September 9, 2025, the circulating supply of MNT is about 3,252,944,055.
Token Use Cases
- Governance: MNT token holders have voting rights and can participate in Mantle Network’s governance decisions, voting on important proposals such as protocol upgrades, fund allocation, and strategic direction.
- Network Transaction Fees (Gas Fees): MNT is the native gas token of Mantle Network. Users need to use MNT to pay transaction fees on the network, which are usually much lower than on the Ethereum mainnet.
- Staking and Collateral: MNT can be staked to incentivize network nodes to participate and maintain network security, with stakers earning rewards. It can also be used as collateral on platforms like Bybit.
- Ecosystem Utility: MNT plays a core asset role in over 200 decentralized applications in the Mantle ecosystem, including trading, lending, and yield farming. It is also used for in-game asset purchases or rewards in blockchain games.
- Incentives: MNT is used to incentivize developers to build applications on Mantle, reward liquidity providers, and community participants.
Token Distribution and Unlocking Information
The total supply of MNT was divided into two main parts at issuance: 51% for publicly available, unlocked circulating supply, and 49% allocated to the Mantle treasury to support network growth, development, grants, and incentive programs. Treasury fund expenditures require approval through governance voting.
Team, Governance, and Funding
Team Features
Mantle Network was initially developed by BitDAO, a large decentralized autonomous organization (DAO). In 2023, BitDAO rebranded to focus on Mantle Network’s Layer 2 solution. Mantle Network is not controlled by a single founder but is community-driven.
Governance Mechanism
Mantle Network adopts a DAO governance model, meaning MNT token holders are the actual decision-makers of the project. They can vote on key matters such as protocol upgrades, fund allocation, and strategic decisions. This transparent voting mechanism ensures community-driven development and decentralized management.
Treasury and Funding Runway
The Mantle treasury is a very important component, holding over $6.2 billion in diversified assets, providing a solid foundation for the project’s long-term development. Treasury funds are used to support network growth, development, grants, and incentive programs, and expenditures require approval by MNT holders through governance voting. The Mantle Economic Committee was established in August 2023, specifically responsible for managing the treasury.
Roadmap
Since its inception, Mantle Network has made significant progress and has a clear plan for the future:
Key Historical Milestones and Events
- July 2023: MNT token was first issued, the original BitDAO (BIT) project rebranded as Mantle Network, and BIT tokens migrated to MNT at a 1:1 ratio.
- August 2023: Mantle Economic Committee established to manage the treasury.
- Later in 2023: Launched Mantle-based Liquid Staking Protocol (Mantle LSP).
- Early 2024: Announced the launch of Mantle Rewards Station, allowing users to lock MNT tokens to earn rewards.
- October 2025: Launched Tokenization-as-a-Service platform, providing compliant real-world asset (RWA) tokenization services for institutions.
Future Key Plans and Milestones
- Ecosystem Expansion: Continue to expand the ecosystem through partnerships with DeFi protocols, NFT platforms, and gaming applications.
- Advanced Scaling Solutions: Committed to implementing more advanced scaling technologies and improving cross-chain interoperability.
- EigenDA Integration: Plans to integrate with EigenDA for more efficient data availability.
- Mantle Banking: Plans to launch the Mantle Banking platform, aiming to integrate traditional finance and decentralized finance for seamless fiat-to-crypto conversion.
- Bybit Partnership: Continue to deepen cooperation with Bybit, further integrating the MNT token into its ecosystem, including expanding MNT trading pairs, payment products, and fee discounts.
Common Risk Reminders
Investing in any cryptocurrency project comes with risks, and Mantle Network is no exception. Here are some common risk reminders:
Technical and Security Risks
- Layer 2 Technical Complexity: While Layer 2 solutions improve efficiency, their technical implementation is complex and may have unknown vulnerabilities or attack surfaces.
- Smart Contract Risks: The project relies on smart contracts, which may have code vulnerabilities leading to asset loss.
- Cross-chain Bridge Risks: When assets are bridged between the Ethereum mainnet and Mantle Network, the security of the cross-chain bridge is crucial; any vulnerability could result in asset theft.
Economic Risks
- Market Volatility: The cryptocurrency market is highly volatile. The price of MNT tokens may be affected by market sentiment, macroeconomic factors, and the performance of competing projects, with the risk of significant fluctuations.
- Competition Risk: The Ethereum Layer 2 field is highly competitive, and Mantle Network needs to continuously innovate to remain competitive.
- Adoption Risk: The project's success largely depends on the adoption rate and user base of its ecosystem. If adoption falls short of expectations, the token value may be affected.
Compliance and Operational Risks
- Regulatory Uncertainty: The global cryptocurrency regulatory environment is still evolving, and future policy changes may impact project operations and token value.
- DAO Governance Risks: While DAO governance aims for decentralization, the decision-making efficiency of large DAOs and potential governance attacks (such as tyranny of the majority) are also risks to consider.
Please remember: The above information does not constitute any investment advice. Be sure to conduct thorough due diligence (DYOR) before making any investment decisions.
Verification Checklist
When researching Mantle Network in depth, you can verify project information and activity through the following links and activities:
- Official Website: https://group.mantle.xyz/
- Whitepaper/Documentation: https://docs.mantle.xyz/network/for-developers/quick-access
- Block Explorer (MantleScan): https://mantlescan.xyz/
- GitHub Activity: Search for “Mantle Network GitHub” to check the update frequency and number of contributors to its codebase.
- Community Forum: Visit Mantle Network’s governance forum to learn about community discussions and proposals.
- Social Media: Follow its official Twitter, Discord, and other channels for the latest updates.
Project Summary
Mantle Network (MNT) is an ambitious Ethereum Layer 2 scaling solution that aims to solve Ethereum’s scalability bottleneck through its modular architecture and advanced Rollup technology, providing users with a faster and cheaper transaction experience. It has a strong treasury and decentralized DAO governance model, with the MNT token playing a core role in governance, gas payments, staking, and various application scenarios within the ecosystem. The project team is committed to promoting the adoption and application of decentralized technology through continuous technological innovation and ecosystem expansion.
However, as an emerging blockchain project, Mantle Network also faces risks in technology, market competition, and regulation. For anyone interested in Mantle Network, it is strongly recommended that you conduct your own in-depth research, assess its potential value and risks, and always remember the non-investment advice principle of cryptocurrency investment.
For more details, please conduct your own research.