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KuCoin Lists ETH-based Project Mantle Network (MNT) on Spot Trading

source-logo  coinedition.com 01 December 2023 11:20, UTC

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.

📢 New Listing@0xMantle $MNT Gets Listed on #KuCoin!

💎Pair: MNT/USDT
💎Deposit: now open (network: ERC20)
💎Trading: 10:00 on November 30, 2023 (UTC)

— KuCoin (@kucoincom) November 30, 2023

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.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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