The Mintlayer Token (MLT) powers the Mintlayer network and keeps the blockchain secure at any level of scale. 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. 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. Below, see the information for MLT’s overall token supply and the share of the available supply at launch. 2,500,000 0.63% 54,600,000 13.65% 12,605,042 3.15% 52,000,000 13.00% 26,000,000 6.50% 22,000,000 5.50% 48,000,000 12.00% 40,000,000 10.00% 20,000,000 5.00% 50,000,000 12.50% 72,294,958 18.07% 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. 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 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 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. You might want to hear what we have to say if you're interested in partnering, supporting, or developing with Mintlayer. Sign up — we only send information of the highest importance. MLT is the token native to the Mintlayer network. Its purpose is to support staking, governance, and ecosystem tools. 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. 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.The Mintlayer token.
The MLT token serves three essential areas.
MLT token and network fees
Token distribution factsheet.
MLT distribution across the network’s participants.
Pre-seed sale
Seed sale
Fair Launch
Strategic sale - Long Vesting
Strategic sale - Short Vesting
Public Sale
Marketing and Listing
Protocol Development
Community Incentives
Team and Advisors
Company Reserve
400,000,000 MLT
200,000,000 MLT
Token Unlock Schedule
A secure way to store MLT within hand’s reach. Coming Soon.
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What is MLT?
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Why have a native token?
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: