- KuCoin announced the addition of the Mantle Network (MNT) token to its spot trading platform.
- Trading of MNT/USDT began on November 30, while its withdrawal services started on December 1.
- MNT serves as the native gas token for the Mantle Network and functions as the governance token for Mantle Governance.
KuCoin, a prominent centralized cryptocurrency exchange, has recently declared support for the fast-growing Ethereum-based crypto project Mantle Network (MNT).
The addition of the MNT token to KuCoin’s Spot trading platform was announced with enthusiasm as the exchange aims to broaden its range of available assets. The listing was officially communicated through a post on the X platform (formerly known as Twitter) and on KuCoin’s official blog.
Per the notification, Mantle Network investors can deposit their MNT tokens immediately on the KuCoin trading platform. Notably, KuCoin stated it accepts MNT via the only supported network, which is the Ethereum ERC20.
The announcement specified that trading for MNT would commence on November 30, with withdrawals for MNT becoming available on the subsequent day, December 1. The trading pair for MNT on KuCoin is paired with the Tether (USDT) stablecoin.
For those unfamiliar with it, the Mantle ecosystem comprises several integral components. It includes the Mantle Network, an Ethereum layer 2; Mantle Governance, a decentralized autonomous organization (DAO); and Mantle Treasury, one of the largest on-chain treasuries. Also, Mantle LSP, an upcoming ETH liquid staking protocol, is part of the ecosystem.
The MNT token functions as the unified product for this comprehensive ecosystem. It serves as the native gas token and ecosystem growth token for the Mantle Network and functions as the governance token for Mantle Governance.
Notably, the Mantle Network is designed for compatibility with the Ethereum Virtual Machine (EVM). Its modular architecture separates transaction execution, data availability, and transaction finality into distinct modules.
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