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Wrapped Mantle

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Discover Wrapped Mantle's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Wrapped Mantle?

Wrapped Mantle (WMNT) is a cryptocurrency built on the Ethereum blockchain, focusing on value-oriented principles, transparency, and accountability. It features a unique governance model where token holders have voting power over the roadmap for products and initiatives within the Mantle Network. WMNT is part of a larger ecosystem that includes the Mantle Treasury, which prioritizes accountability and transparency. The token is designed for decentralized applications (dApps) and offers exceptional user experience while maintaining security.

How is Wrapped Mantle used?

Wrapped Mantle (WMNT) is a cryptocurrency that can be traded on decentralized exchanges. The most popular exchange for buying and trading WMNT is Merchant Moe Liquidity Book (Mantle), where the active trading pair METH/WMNT has a significant trading volume. Additionally, WMNT can be traded on other exchanges like Agni Finance and FusionX V3.

How do I store Wrapped Mantle?

To store Wrapped Mantle (WMNT) tokens, you can use a digital wallet that supports the Ethereum ecosystem. Since WMNT is an ERC-20 token, it can be stored in any Ethereum-compatible wallet. Here are some steps to follow:

  1. Choose a Wallet: Select a reputable digital wallet that supports Ethereum, such as MetaMask, Trust Wallet, or Ledger Live. Ensure the wallet is compatible with the Ethereum network.

  2. Create or Access Your Wallet: If you already have a wallet, access it. If not, create a new wallet by following the wallet provider's instructions.

  3. Get Your Wallet Address: Once you have access to your wallet, note down your Ethereum wallet address. This address will be used to receive your WMNT tokens.

  1. Buy or Receive WMNT Tokens: Purchase WMNT tokens from a decentralized exchange like Merchant Moe Liquidity Book (Mantle) or other supported exchanges. Alternatively, you can receive WMNT tokens through an airdrop or other means.

  2. Transfer WMNT to Your Wallet: Transfer the WMNT tokens to your Ethereum wallet address. Ensure you have sufficient Ethereum (ETH) to cover the transaction fees.

  3. Secure Your Wallet: Always keep your wallet secure by using strong passwords, enabling two-factor authentication, and keeping your wallet software up to date.

By following these steps, you can safely store your Wrapped Mantle (WMNT) tokens in your Ethereum-compatible digital wallet.

How to buy Wrapped Mantle?

To buy Wrapped Mantle (WMNT) tokens, you can follow these steps:

  1. Choose an Exchange: WMNT tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Wrapped Mantle is Merchant Moe Liquidity Book (Mantle), where the most active trading pair METH/WMNT has a trading volume of $555,024.29 in the last 24 hours. Other popular options include Agni Finance and FusionX V3.

  2. Understand Market Data: The trading volume of Wrapped Mantle (WMNT) is $4,305,238.03 in the last 24 hours, representing a 171.30% increase from one day ago. This indicates a recent rise in market activity.

  3. Set Up a Wallet: For long-term storage, consider using a "Cold Wallet" for security. There are two types of cold wallets: paper wallets and hardware cold wallets. Hardware wallets are physical devices where you can store your cryptocurrency, and they are preferred by most users.

  1. Buy WMNT: Once you have chosen an exchange and set up a wallet, you can buy WMNT tokens. You can find step-by-step guides on how to buy and sell Wrapped Mantle tokens on various exchanges, including Gate.io and CoinCarp.

  2. Monitor Performance: Keep track of the price performance of Wrapped Mantle compared to its peers. The price of Wrapped Mantle (WMNT) is calculated in real-time by aggregating data across 10 exchanges and 66 markets, using a global volume-weighted average formula.

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History of Wrapped Mantle

Wrapped Mantle (WMNT) is a cryptocurrency that was launched on July 19, 2023. Since its inception, WMNT has experienced significant price fluctuations. The all-time high for Wrapped Mantle was recorded on April 8, 2024, at a price of $1.50. Conversely, the all-time low was recorded on October 18, 2023, at a price of $0.3065.

Wrapped Mantle is built on the Ethereum blockchain, leveraging Ethereum's security and high-performance layer-2 network. This allows for exceptional user experience when building decentralized applications (dApps) while maintaining a secure environment. The governance aspect of Wrapped Mantle is also notable, as token holders have the power to govern the roadmap for products and initiatives within the Mantle Network, promoting decentralization and mass adoption of token-governed technologies.

Wrapped Mantle is part of a larger ecosystem that includes the Mantle Treasury, which prioritizes accountability and transparency. The ecosystem also offers various programs and initiatives, such as the open-access and performance-based Mint Your MJSBT program, designed to track and reward ecosystem activities.

In terms of market performance, Wrapped Mantle has shown both increases and decreases in trading volume and price over various time periods. For instance, the trading volume in the last 24 hours stands at $5.00 million, reflecting a decrease of -7.19% in the last 24 hours. The price performance of Wrapped Mantle has also varied, with a decline of -9.80% in the last 7 days, underperforming the global cryptocurrency market.

Wrapped Mantle can be traded on decentralized exchanges, with popular options including Merchant Moe Liquidity Book (Mantle), Agni Finance, and FusionX V3. The price of Wrapped Mantle is calculated in real-time by aggregating data across multiple exchanges and markets, using a global volume-weighted average formula.

Overall, Wrapped Mantle's history reflects its unique features, market fluctuations, and its position within the broader cryptocurrency landscape.

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How Wrapped Mantle works

Wrapped Mantle (WMNT) is a cryptocurrency token built on the Ethereum blockchain. It operates as a Layer 2 blockchain, aiming to enhance the scalability of Ethereum by utilizing a modular chain approach. This approach involves a separate decentralized data availability layer combined with Ethereum roll-ups, which helps to increase the efficiency and speed of transactions on the network.

Wrapped Mantle tokens are traded on decentralized exchanges, with the most active trading pair being METH/WMNT on the Merchant Moe Liquidity Book (Mantle) exchange. The token's price is calculated in real-time by aggregating data from multiple exchanges and markets, using a global volume-weighted average formula. This ensures that the price reflects the current market conditions accurately.

The token's performance can be tracked through various metrics such as market capitalization, 24-hour trading volume, and price changes over different time periods. For instance, the market capitalization of Wrapped Mantle is around $25.95 million, with a 24-hour trading volume of approximately $1.69 million. The token's price has fluctuated over time, with an all-time high of $1.50 and an all-time low of $0.3674.

Wrapped Mantle also has airdrop events where complimentary tokens are distributed to existing token holders as a gesture of appreciation. These events provide an opportunity for holders to receive additional tokens without any cost.

To get started with Wrapped Mantle, users can follow guides and tutorials available online, which cover topics such as setting up wallets, buying and selling the token, and participating in token sales. Overall, Wrapped Mantle operates as a token on the Ethereum blockchain, leveraging its modular chain approach to enhance the scalability and efficiency of the network.

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Wrapped Mantle's strengths

Wrapped Mantle (WMNT) has several strengths that contribute to its appeal in the cryptocurrency market:

  1. Dual Role: WMNT serves both as a governance token and a utility token within the Mantle ecosystem. This dual role provides holders with voting rights and practical functionality, such as paying gas fees on the Mantle network.

  2. Scalability: As a Layer 2 solution built on top of Ethereum, Mantle aims to resolve scalability issues by moving transactions off the main Ethereum blockchain, ensuring faster processing without compromising security.

  3. Security: WMNT tokens can serve as collateral assets for Mantle network nodes, incentivizing participation and contributing to the security and stability of the network.

  1. Customizability: WMNT is part of a highly customizable and adaptable structure, allowing for modifications based on the Mantle Governance process, ensuring the token remains responsive to the evolving needs of the ecosystem.

  2. Incentivization: The Mantle ecosystem includes various incentive programs to drive user adoption, such as multi-season achievements and quests, which attract and engage users within the ecosystem.

  3. Strong Community: The Mantle community actively participates in decision-making through DAO voting, ensuring a decentralized and community-driven approach to shaping the future of the Mantle ecosystem.

  1. Trading Availability: WMNT tokens can be traded on decentralized exchanges, providing liquidity and accessibility to investors.

These strengths position Wrapped Mantle as a promising token in the Layer 2 sector of Ethereum, offering a unique combination of governance, utility, and scalability.

Wrapped Mantle's risks

Wrapped Mantle (WMNT) is a cryptocurrency that carries financial risks similar to other cryptocurrencies. These risks include market volatility, liquidity issues, and potential losses due to price fluctuations. The trading volume of WMNT is $5,023,569.31 in the last 24 hours, indicating significant market activity, but also highlighting the potential for rapid changes in value.

Additionally, WMNT's price performance can be affected by broader market trends and the performance of similar Ethereum Ecosystem cryptocurrencies. For instance, WMNT has underperformed the global cryptocurrency market in the last 7 days, with a price decline of -9.80% compared to the market's decline of -4.80%.

Investors should be aware that trading WMNT is a highly risky activity that can lead to major losses. It is essential to carefully evaluate the risks and rewards before investing in this cryptocurrency.

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Did Wrapped Mantle raise funds?

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Wrapped Mantle's ecosystem

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Wrapped Mantle’s team

  • Wrapped Mantle (WMNT) Team: The team behind Wrapped Mantle includes key contributors from the Mantle Network, such as Franck Cassez, Ph.D., and Andreas Penzkofer, who are part of the Mantle Research team.

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