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 110,000,000 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

    50,000,000.00

    12.50%

  • Institutional Private Sale

    180,000,000.00

    45.00%

  • Seed Sale

    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

    15,000,000.00

    12.50%

  • Company Reserve

    57,500,000.00

    14.375%

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. During the first 10 years the supply will be gradually increased to 600,000,000 MLT by distributing block rewards for each new block until 200,000,000 in block rewards have been distributed. After the total supply has been created, block rewards will be paid for entirely with transaction fees.

Token Unlock Schedule

  • Public Sale

  • Institutional Investor Sale

  • Seed round

  • Exchange Listing Fee

  • Exchange Liquidity

  • Adoption Incentives

  • Team/Advisors

  • Company Reserve

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.

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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. During the first 10 years the total supply is gradually increased to 600.000.000 MLT as a block reward is included into each 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.).