The Mintlayer token.

The Mintlayer Token (MLT) powers the Mintlayer network and keeps the blockchain secure at any level of scale.

Lightpaper Whitepaper Consensus Paper
TOKEN

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.

NETWORK FEES

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

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%

TOKENS AT LAUNCH

400,000,000 MLT

STAKING REWARDS

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

MLT WALLET

A secure way to store MLT within hand’s reach. Coming Soon.

In due time, we’re developing MLT lightwallet — a wallet that allows you to store MLT and other tokens on both desktop and mobile, securely.

The full spectrum of users, from institutional investors to beginner traders, benefits from Mintlayer’s wallet. In this non-custodial solution, users can access their funds from a hardware wallet or via private keys.

  • Store or transfer any cryptocurrency or use existing wrapped tokens from any blockchains

  • Redeem BTC on Bitcoin mainnet

  • Run a node from any device

COMMUNITY

Become a part of the Mintlayer community.

Mintlayer is open for everyone: users, developers, partners, investors, and entrepreneurs. Join us on social media, ask questions, and network with us and the others on Mintlayer.

Join the community
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FAQ

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:

  1. 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).
  2. 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.).