AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Mantle Network (MNT) is a leading Layer 2 scalability solution for Ethereum (ETH). Its native token, MNT, plays a key role in the network’s operational mechanism, and is used for governance, gas fees and a wide range of other functions on the network’s Layer 2 chain. Within the Bybit exchange ecosystem, MNT is also the central token that enables diverse earning opportunities, discounts and rewards.
As a major backer of the Mantle Network project, Bybit has deeply integrated MNT into its products and services. In fact, MNT provides more advantages and ways to earn on Bybit than any other cryptocurrency, even compared to widely used assets such as Tether (USDT).
In this article, we discuss the MNT token's uses and advantages within the Bybit ecosystem, and demonstrate the benefits of leveraging this crypto across Bybit’s suite of products.
Key Takeaways:
Mantle’s native token, MNT, is a core asset integrated into Bybit’s products and services, creating crypto income opportunities that no other token on the exchange can match.
There are multiple ways to use MNT on Bybit. You can swap crypto, trade in perpetual futures and options contracts, automate your MNT purchases and more.
Using MNT on Bybit unlocks numerous perks, such as sign-up bonuses, higher leverage ratios and trading fee discounts. Earn passive income through Bybit’s Earn products, qualify for higher VIP levels with less capital and benefit from exclusive cashback rates with the Bybit Card.
MNT is the native governance and gas token of Mantle Network, a Layer 2 optimistic rollup designed to improve the scalability, speed and cost of Ethereum transactions. Besides its core functions of governance and gas fee payments, MNT is also used across a wide range of decentralized finance (DeFi) and centralized finance (CeFi) crypto opportunities. MNT is used as a base currency for swap pairs on several centralized exchanges (CEXs) and on the leading decentralized exchange (DEX), Uniswap (UNI). It also serves as a collateral asset on some liquidity protocols.
MNT is used in various roles within GameFi, non-fungible token (NFT) and artificial intelligence (AI) crypto niches. On Mantle-based NFT marketplaces, the token can be used to purchase NFTs, and on blockchain gaming platforms like Catizen, Spot Zero, Party Icons and L3E7, MNT may be used for various functionalities, such as in-game purchases or rewards. Some AI platforms that help users launch and operate intelligent agents also accept MNT for different functions.
MNT is heavily used on Bybit too, where many of the exchange’s products and services utilize it as the main asset.
Alongside MNT’s current use cases, Mantle Network’s team is pursuing an ambitious road map, with essential additions to the token’s functionality. Planned developments for MNT include integration into on-chain payment and banking solutions, such as Mantle Banking and PayFi; expansion into real-world asset (RWA) tokenization services; and additional web3 utilities.
There are several ways to buy MNT on Bybit, including the following:
Spot Trading. You can buy MNT on Bybit’s Spot market with either limit or market orders. Thanks to Bybit's deep spot market liquidity, order execution is efficient and reliable.
Convert. The Convert function lets you instantly swap any token into MNT with just one click from your Funding Account or Unified Trading Account (UTA). There are no fees applied to these conversions.
Over-the-counter (OTC) trading. Bybit’s OTC trading function lets you buy MNT in large amounts at a fixed price with no slippage. The predictability of this route is ideal for high-volume buyers.
DCA Auto-Invest. The Auto-Invest service lets you automate your MNT purchases based on the highly popular dollar-cost averaging (DCA) trading strategy. With Bybit’s DCA, you set up an investment plan so the system can automatically buy prespecified amounts of MNT at regular intervals. Set daily, weekly, bi-weekly or monthly intervals for automatically buying MNT. DCA Auto-Invest is a great way to purchase crypto without having to manually execute buy orders.
Discount Buy. Discount Buy allows you to acquire MNT below market price at a future settlement date, regardless of market fluctuations. The longer you hold your MNT locked via Discount Buy, the higher APR you can earn.
Using MNT on Bybit offers many advantages, including reduced fees, passive income opportunities via products like Bybit Earn and Discount Buy, exclusive VIP upgrades and a wider choice of trading products than just about any other cryptocurrency.
Enjoy a 25% fee discount on both Spot and margin Spot trades on Bybit using MNT. A 10% discount applies to MNT trading via derivative products, such as USDT and USDC (USDC) perpetual contracts.
You can swap MNT on the Bybit Spot market against more than 20 cryptocurrencies, including all the major assets like USDT, USDC, Bitcoin (BTC) and Ethereum. You can also instantly swap MNT against nearly 500 crypto tokens via the abovementioned Convert function.
MNT is also available for trading with perpetual contracts based on USDT, USDC and the US dollar. You can also trade options contracts based on MNT.
Another exciting feature coming soon is the ability to use your MNT funds via the Bybit Web3 platform. The platform allows you to explore on-chain opportunities and engage in decentralized trade using your UTA, without the need to create a blockchain wallet. Using MNT on Bybit Web3, you can purchase a wide variety of new or high-potential crypto tokens.
MNT is also among the supported assets for Bybit Card, a prepaid bank card that you can load with crypto funds and use for everyday purchases. You can passively accumulate interest by choosing MNT as your cashback token for the Bybit Card.
Other benefits of using MNT via the Bybit Card include eligibility for various exclusive events, VIP Gala tickets and Bybit merchandise purchases.
Some of the key ways you can earn income with MNT on Bybit include the following:
Welcome Gift. New users can choose 20 MNT as a sign-up reward.
Easy Earn. This product allows you to earn interest on your idle crypto funds with Flexible and Fixed-Term saving plans.
Advanced Earn. Designed for experienced traders, Advanced Earn lets you use your MNT to earn from products like Dual Asset, Smart Leverage and Liquidity Mining.
Bybit Launchpool. Stake MNT to win new and trending tokens.
Megadrop. Invest in MNT Earn products to win points and shares of new token pools.
VIP opportunities. VIP users can qualify for higher levels with less capital when using MNT. For instance, to reach the VIP 1 level requires a balance of at least $100,000. But with MNT holdings, each $1 counts as $1.50 toward the requirement. In other words, you’d need only $67,000 in MNT, rather than $100,000 in other tokens, in order to qualify for VIP 1. This is similar to a bonus score multiplier in a video game, whereby each coin might give you 1.5x points instead of the standard 1 point.
Bybit will hold exclusive, limited-time events for MNT. These offers will appear regularly to reward MNT holders and boost community engagement. Examples include:
Bybit MNT-themed 7th Anniversary
MNT Puzzle Hunt — deposit, trade, convert and learn about MNT to earn.
MNT Wednesday Airdrop — An MNT airdrop event for holders/traders.
MNT Livestream/AMA Red Packet and social media campaigns.
For retail users, a major benefit of holding MNT is the VIP level multiplier, typically between 1.3x and 1.5x, so you can qualify for higher VIP tiers faster and with lower capital requirements. MNT holders can also access higher cashback rates when using the Bybit Card and the Bybit Pay payment app.
One key benefit for institutional users is that of higher leverages available for MNT — up to 8x for spot margin trades, and up to 10x for perps. Another significant benefit is that of fixed-interest rate loans for up to four months when you hold MNT. The table below summarizes these two core benefits for institutional users who hold MNT.
As an integral part of Bybit’s ecosystem, MNT creates more opportunities on the Bybit exchange than any other crypto asset. Tightly integrated into Bybit’s product line, MNT holdings and trades allow you to access an unprecedented variety of rewards, passive income sources, structured products, VIP level multipliers and more.
If you’re serious about maximizing your crypto income, then buying, holding or using MNT within Bybit’s products and services is well worth considering.
#LearnWithBybit