The Mantle Network (Mantle) is a Layer-2 scaling solution that sits on top of the Ethereum blockchain. Utilizing Optimistic Rollup technology, Mantle offloads computation and state storage from the mainchain (Ethereum) by executing transactions off Ethereum, and posting the transaction data to Mainnet as calldata. 

Mantle has no official founders, and was launched by the collective efforts of the BitDAO community. Community members "jacobc.eth" and "Ben Zhou" played a critical role in putting forth the initial proposal to launch Mantle. Mantle claims to be the first Layer-2 solution generated by a DAO. 

Mantle's native token, MNT, fulfills a number of roles within the ecosystem, including network fees, furthering ecosystem growth, and governance activations. 

Risks of MNT

Like an investment in other crypto assets, there are some general risks to investing in MNT. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in MNT is subject to the following specific risks:

The Layer-2 blockchain space faces significant competition. Any potential success will depend on the extent of Mantle Network’s adoption by consumers, businesses, developers, and other industry stakeholders. 

The Mantle Network relies on a global network of MNT holders, contributors, and validators to develop and operate the network and its associated ecosystem. Mantle Network has no official founders, and is furthered through community development - any potential success will rely on the efforts of the global community contributing to the network. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with MNT. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The contributors to Mantle Network and the MNT community are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of MNT have no recourse to the DAO, developers, other contributors, or Uphold if MNT declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing MNT on the Uphold Platform, Uphold performed due diligence on MNT and determined that MNT is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

The creation, governance, usage, and design of MNT, including ensuring the source code being open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 

The supply, demand, maturity, utility, and liquidity of MNT.

Marketing materials put forward by the MNT social team including, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.

Material technical risks associated with MNT, including any code defects, security breaches and other threats concerning MNT and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.

Legal and regulatory risks associated with MNT, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of MNT.