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 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. Below, see the information for MLT’s overall token supply and the share of the available supply at launch. 50,000,000.00 12.50% 180,000,000.00 45.00% 2,500,000.00 0.625% 20,000,000.00 5.00% 20,000,000.00 5.00% 20,000,000.00 5.00% 15,000,000.00 12.50% 57,500,000.00 14.375% 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. Public Sale Institutional Investor Sale Seed round Exchange Listing Fee Exchange Liquidity Adoption Incentives Team/Advisors Company Reserve 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. 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. 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.
Public Sale
Institutional Private Sale
Seed Sale
Exchange Listing Fee
Exchange Liquidity
Adoption Incentives
Team/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?
What is the total supply?
The maximum and total amount of MLT tokens that can ever exist is set to 600.000.000.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: