The Mintlayer token.

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

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 from the blocks you sign, by validating financial activity.

Governance

Token holders participate in the decision-making to decide the future development of the protocol. Upon mainnet, MLT token holders will ultimately decide the fate and direction of the network.

Ecosystem tools

Users are incentivized to use MLT tokens as they can be used to cover fees for exclusive services and products within the protocol.

APR Staking

12% APR lock-up rewards before the mainnet.

Before Mintlayer’s mainnet is launched in 2022, MLT token holders can stake their ERC20 token versions to receive 12% APR rewards. Rewards distributed on the launch of the mainnet ensure that the community owns more than 51% of the total token supply since day 1.

Token Distribution

Token distribution factsheet.

The circulating token supply is set to 190,000,000 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.

  • Public Sale

    150,000,000.00

    37.50%

  • Institutional Investor Sale

    50,000,000.00

    12.50%

  • Seed round

    2,500,000.00

    0.625%

  • Exchange Listing Fee

    20,000,000.00

    5.00%

  • Exchange Liquidity

    20,000,000.00

    5.00%

  • Adoption Incentives

    20,000,000.00

    5.00%

  • Team/Advisors

    20,000,000.00

    5.00%

  • Founders

    50,000,000.00

    12.50%

  • Company Reserve

    67,500,000.00

    16.875%

Total Tokens

400,000,000 MLT

Initial Circulation

190,000,000 MLT

As the network’s development progresses, a larger share of the total MLT supply will be released. This is pre-determined and set to allow maximum network growth at a pace that does not compromise its community. For example, a share of the tokens gradually unlocked is set to cover exchange listing expenses.

Token Unlock Schedule

  • Public Sale

  • Institutional Investor Sale

  • Seed round

  • Exchange Listing Fee

  • Exchange Liquidity

  • Adoption Incentives

  • Team/Advisors

  • Founders

  • Company Reserve

MLT Wallet

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

First, the MLT token will be introduced as an ERC20 version. Later, it will be migrated to the Mintlayer blockchain.

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.

We’re running monthly online meetups, ranging from large to small in scale. Join us in our talks.

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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.

Is MLT an ERC20 token?

In the pre-development stage, MLT is launched as an ERC20 token. This provides liquidity, allows easier transfers, and encourages governance voting. Later, it will migrate and become native to the Mintlayer protocol.

Why the token MLT?

From a technical standpoint, there are no other ways besides a token to envision a Bitcoin sidechain with dynamic participants in the network, while at the same time having the right incentives to guarantee the security of the chain.
There are no other solutions in the market: a merged mining system like RSK risks 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 allows to achieve different valuable purposes:

  1. Network effect: if the exchanges list the token, they are installing the 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.).