Hello traders, nice to see you again. Today we will review Mantle, $MNT. I suppose most of you already know about it, but for those who don’t, it’s almost the native token of Bybit.
Our last Altcoin Review was about OKB, the native token of OKX. The price of OKX surged nicely since that blog. So I decided to write about Mantle as well. But right now the price is up—you don’t need to chase the pump. There might be some correction because 2/3 of Red September is still remaining.
So let’s learn everything about Mantle that we should.
BitDAO (BIT)
BitDAO was launched in 2021, backed heavily by Bybit, with the vision of a massive decentralized treasury and governance DAO.
Treasury Concept
A treasury in crypto is a pool of funds (usually held in tokens like ETH, stablecoins, or the project’s native token) controlled by a DAO. Instead of one company or CEO holding the money, it’s collectively managed by token holders through governance.
Why It Was Massive
BitDAO was backed heavily by Bybit, one of the biggest crypto exchanges. Bybit pledged to contribute part of its trading revenue (at one point over $1B per year) into the
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