MNT is Mynth’s utility token with a fixed total supply of 100,000,000. It’s used for paying service and node operators for offering Mynth services to the public and helping secure the platform. It also serves as a governance token for the Mynth DAO, allowing MNT holders to vote on decisions related to the platform’s development and governance.

MNT is an unchained token, meaning instead of living on one blockchain, it lives on many blockchains. Following are the blockchains MNT is available on:

• Arbitrum 0x26D3C0D9F4cc4c130097b6aFdebe4F5e497E6Bdf

• Base 0x26D3C0D9F4cc4c130097b6aFdebe4F5e497E6Bdf

• BNB Smart Chain 0x26D3C0D9F4cc4c130097b6aFdebe4F5e497E6Bdf

• Cardano asset1guw53kylmfxel4s5zzwr5ac0erz97mfwaq6ur4

• Ethereum 0x26D3C0D9F4cc4c130097b6aFdebe4F5e497E6Bdf

• Polygon 0x26D3C0D9F4cc4c130097b6aFdebe4F5e497E6Bdf

• Solana MynthbcejYyY3yg8fzgPv2Y7NZrF2S4Y13wdGzAZPMv

• TON EQCjZD8oZl_0uzLmQawDmhcctlLKWKO0HameErlnDz_Mynth

• TRON TNzfB1nvRPusCn5UhQLxUbZaX7DFuWkxR4

Profit SharingCopied!

Fees collected by the protocol are used to buyback MNT from the market and then subsequently burned. As usage of the protocol grows, the amount of MNT burned also increases. Fees are applied to various protocol actions, such as swaps, transfers, and claiming of rewards.

Service operators and partners can freely develop on top of Mynth to build extensive Cardano applications. These operators are responsible for charging fees to end users. Different operators may charge different fees depending on how much of a premium they believe their deployed service offers users. All fees are collected for the MNT buyback and burn program.

Service operators receive MNT as compensation for offering their services to the public. Different offerings are available depending on the service. For example, node operators can stake 10k MNT to become eligible to participate in network consensus and subsequently earn operation rewards.

DistributionCopied!

100M MNT was minted when the protocol launched in 2023. At this time, MNT was necessary for performing cross-chain swaps. Early adopters were airdropped MNT freely, and a free market was organically formed. There was no pre-sale or set pricing, the price was purely defined by the community members who created liquidity pools on Cardano DEXs.

Out of the 100M MNT, the high-level distribution is as follows:

1. Community (65%): 65,000,000 MNT is allocated to be distributed to the community via airdrop and sales. All proceeds collected are locked into the Mynth DAO Treasury to ensure the long-term sustainability of the project.

2. Mynth Insurance (10%): 10,000,000 MNT is allocated to the Mynth insurance fund. This may be used in emergency situations where the protocol requires recovery or in the case that users have lost funds. It’s not intended that these tokens will be spent, but they remain available for black swan events to ensure that the protocol can continue operations in case of vulnerabilities or exploitation.

3. Core Mynth Team (25%): 25,000,000 MNT is allocated to the core Mynth team. This allocation vests over a 3-year period to encourage the team’s dedication to the project. Vesting takes place monthly on the last day of each month, having started the month after MNT was minted.