The Mintlayer token
The Mintlayer Token (MLT) powers the Mintlayer network and keeps the blockchain secure at any level of scale.
The MLT token serves three essential areas
Staking
MLT token holders can participate in the blocksigner auction to stake tokens and become a weekly blocksigner. Run a node and collect transaction fees and rewards from the blocks you sign, by validating financial activity.
Community Engagement
Token holders participate in the decision-making mechanism expressing their opinions on the future development of the protocol.
Ecosystem tools
Users are incentivized to use MLT tokens to pay for network fees as well as exclusive services and products within the protocol.
MLT token and network fees
Using the proprietary consensus DSA system, Mintlayer can operate without a specific gas token. However, MLT tokens can be used to pay fees, and entitles stakers to decide which other tokens to accept as network fees.
Token distribution factsheet
The initial unlocked token supply is set to 39,080,504 MLT. Starting the official protocol launch, MLT is used as an incentive for ensuring the network’s security. This incentive becomes integral in creating every block — validators stake their MLT to reap the rewards of blocksigning.
The graph below shows how MLT is distributed across the network’s participants.
MLT distribution across the network’s participants.
Below, see the information for MLT’s overall token supply and the share of the available supply at launch.
Pre-seed sale
2,500,000
0.63%
Seed sale
54,600,000
13.65%
Fair Launch
12,605,042
3.15%
Strategic sale - Long Vesting
52,000,000
13.00%
Strategic sale - Short Vesting
26,000,000
6.50%
Public Sale
22,000,000
5.50%
Marketing and Listing
48,000,000
12.00%
Protocol Development
40,000,000
10.00%
Community Incentives
20,000,000
5.00%
Team and Advisors
50,000,000
12.50%
Company Reserve
72,294,958
18.07%
400,000,000 MLT
200,000,000 MLT
The eventual total supply of MLT will be 600,000,000 MLT. At the launch of the mainnet, 400,000,000 MLT will be created. Each Mintlayer block will generate a block reward for the block creators until the total supply reaches the 600,000,000 MLT hard cap. This is expected to happen approximately 10 years after the genesis block.
Token Unlock Schedule
Fair Launch
Pre-seed
Seed
Public Sale
Marketing and Listing
Protocol Development
Community Incentives
Company Reserve
Team and Advisors
Strategic sale - Short Vesting
Strategic sale - Long Vesting
More than just a Bitcoin wallet...
Store your Bitcoin, MLT tokens and more securely when you choose Mojito wallet.
The MLT lightwallet allows you to store MLT and other tokens securely on desktop and mobile. Access your funds from a hardware wallet, or via private keys, anytime and from anywhere with Mojito.
Store or transfer any cryptocurrency or use existing wrapped tokens from any blockchains
Redeem BTC on Bitcoin mainnet
Run a node from any device
We want you to ask questions
What is MLT?
MLT is the token native to the Mintlayer network. Its purpose is to support staking, governance, and ecosystem tools.
What is the total supply?
At the launch of the mainnet the total supply is set to 400.000.000 MLT. Each Mintlayer block will generate a block reward for the block creators until the total supply reaches the 600,000,000 MLT hard cap. This is expected to happen approximately 10 years after the genesis block. The maximum and total amount of MLT tokens that can ever exist is set to 600.000.000.
Why have a native token?
From a technical standpoint, there are no other ways besides a token to envision a Bitcoin sidechain with dynamic participants in the network, which at the same time offers the right incentives to guarantee the security of the chain.
There are no other solutions in the market: a merged mining system like RSK is liable to drift towards an oligarchy of malicious players, while Liquid is a private sidechain (non-dynamic federates), and the peg-in model has noticeable security threats (the risk of a stall and the need of a back-up recovery key).
From a social perspective, the token serves different valuable purposes:
- Network effect: if the exchanges list the token, they are installing a node, so they become technically ready to receive all the tokens built on Mintlayer (such as Tether).
- Speculation brings more users. Statistically, at least some of them are beneficial to the network (running full nodes, contributing to the development, discussing fork updates, etc.).
