Introduction
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered with Mantle, an Ethereum Layer 2 protocol, to introduce a comprehensive roadmap aimed at enhancing the utility of the MNT token. This strategic initiative seeks to transition MNT from a speculative asset to a multifaceted token integrated across Bybit’s ecosystem.
Phased Rollout of MNT Utilities
The roadmap outlines a phased implementation plan spanning August, September, and beyond, focusing on four key areas:
- Buy: MNT is currently available through spot trading, Convert, OTC with fixed pricing, and Bybit’s auto-invest bot. Starting late September, a “Discount Buy” feature will be introduced, offering lockup products at reduced prices.
- Use: From September, the number of MNT trading pairs will expand from four to over twenty. By late September, MNT can be used to pay trading fees (25% off Spot, 10% off Derivatives), make card payments with zero conversion fees, and facilitate Web3 purchases. Plans also include options trading and access to VIP events and merchandise.
- Hold: Beginning in early September, institutional users will have access to higher leverage (up to 8x) and extended fixed-loan terms. Later in the month, retail users will benefit from multipliers for faster VIP upgrades and enhanced cashback via Bybit Card & Pay.
- Earn: Fixed-term savings products will roll out at the end of August, alongside higher allocations for new token launches such as HODLVerse, Launchpool, and Megadrop. Users can also access flexible savings, dual asset products, and liquidity mining opportunities.
Limited-Time Offers and Community Engagement
To foster community engagement and adoption, Bybit is introducing several limited-time offers:
- MNT Puzzle Hunt: An interactive event designed to engage users and promote MNT adoption.
- Wednesday Airdrops: Regular airdrop campaigns to reward active community members.
- Regional Cashback Promotions: Scheduled for the end of September, these promotions aim to incentivize MNT usage across different regions.
- Mantle-Themed Anniversary Celebration: Planned for October, this event will celebrate the partnership and the milestones achieved.
Strategic Implications
This collaborative effort between Bybit and Mantle signifies a strategic move to embed MNT into daily trading, payments, and wealth management activities for both institutional and retail users. By expanding MNT’s utility beyond speculation, the roadmap aims to drive meaningful adoption and position MNT as a bridge between digital assets, real-world applications, and institutional finance.
Conclusion
The unveiling of the “Mantle × Bybit Roadmap” marks a significant milestone in the evolution of the MNT token. Through a phased rollout and strategic initiatives, Bybit and Mantle are set to transform MNT into a versatile asset integral to the cryptocurrency ecosystem, paving the way for broader adoption and integration into various financial services.
Bottom Line
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial advice. Readers are encouraged to conduct their own research before making any investment decisions.
