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【Network Introduction】AssetMantle

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Basic Information

Network Details

Brief Introduction

AssetMantle is a multi-tenant NFT marketplace framework that enables creators and collectors to securely mint, own, and trade digital assets on its fast-finality blockchain.

AssetMantle is built on the interNFT standard, and implements an end-to-end stack of open-source modular tools that developers can modify to fit advanced use cases, which no-code toolset enables creators to permissionless create customized assets and marketplaces. Collectors can own the assets minted across these marketplaces and compatible chains in a singular wallet that can be transacted with minimal gas and a lower carbon footprint.

Community

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Vision and Mission

AssetMantle’s vision is to build an open-source, community-driven framework for interchain NFTs and metadata standardization by contributing to interNFT standards while which mission is to provide a platform that enables a diverse set of NFTs use cases that extend beyond arts and collectibles and can potentially change the representation of rights and ownership of real-world assets like real estate and other commodities.

Inception and Development

AssetMantle was first conceptualized by Deepanshu Tripathi back in the year 2018 when he was working with Comdex, a decentralized enterprise commodity trading platform that is facilitated by tokenizing assets, as the Chief Blockchain Architect. In the early stages, AssetMantle was the only asset tokenization, NFT minting, and burning protocol in the larger Persistence ecosystem. Later, the team decided to open source the code and expand AssetMantle into an elaborate framework that empowered creators to build their legacy.

Roadmap and Timeline

Q2 2018 — AssetMantle was conceptualized

Q2 2019 — Non-standard IBC executed

Q2 2020 — Introduced Comdex

Q4 2020 — First high seas commodities trading via Comdex

Q1 2021 — Build AssetMantle MVP

Q3 2021 — Introduced AssetMantle proof of concept with an enhancement of application-level modules

Q4 2021 — Launched AssetMantle testnet

Q1 2022 — Completed Phase 1 of the roadmap

Onboarded validators

MantlePlace beta version released

Onboarded Mantle Genesis Creators

$MNTL Tokenomics introduced

Introduced fractionalized NFTs

Introduced $MNTL airdrop calculator

MantleDrop StakeDrop completed

Products

AssetMantle offers four products to all of its users: MantlePlace, MantleBuilder, MantleWallet and MantleExplorer.

MantlePlace

MantlePlace is a very intuitive and easy-to-use next-gen marketplace for NFT. It facilitates easy trading (buy/sell) of NFTs by simply creating an account with an email ID and password — a process that all web 2.0 users are familiar with. The MantlePlace is positioned to be an easy-to-use platform for creators with seamless UI, lazy minting capability, TradeRoom feature, and much more. More details can be checked here.

MantleBuilder

MantleBuilder is another innovation that the Mantle team is bringing to the doorstep of all creators. Anybody can build their very own “store” (a.k.a. marketplace) with the MantleBuilder. This enables them to have their own branding and build a close community of loyal supporters and followers. For creators, this could be a game-changer as they would be able to completely curate the experience they wish to provide to their fans and audiences. With relevant modules and complete no-code customizability, creators can be very selective and fine tune the building process of their storefronts to better adhere to their project’s mission and vision. More details can be checked here.

MantleWallet

A non-custodial blockchain wallet for AssetMantle chain. Click here to use.

MantleExplorer

A detailed blockchain explorer for the AssetMantle chain. Click here to use.

Technology

The AssetMantle platform is architected as a distributed system with asymmetric components/chains that are run by nodes/validators. The chains run specialized node applications that are built to support different functionalities based on the requirements of dApps that facilitate open finance use cases. The chains interoperate with each other through the Core chain which implements chain interoperability functionalities and orchestrates the validators set and their (dis)incentivization. The dApps can consume the functionalities exposed by the AssetMantle Platform through the AssetMantle client component.

Building and auditing decentralized financial applications is a nascent paradigm with gaps left for failure/errors. AssetMantle implements a common set of well-tested tools that can be utilized to build a wide range of such applications reducing infrastructure risks. Any upgrade/updates/vulnerability fixes to these tools are translated to all the applications built on them. This toolset is implemented across multiple platforms/protocols to make the app-building experience uniform irrespective of the platform/protocol, allowing the flexibility to migrate applications seamlessly between them based on requirement changes. There may be many iterations/versions of these toolsets with some being added/removed.

The AssetMantle ecosystem architecture relies on multiple sovereign chains with shared security and interoperability through a Core chain, the validator set, and uniform application design.

The tech infrastructure is the biggest tool in the AssetMantle application building tools set. It covers the full stack of infra required to get a distributed financial application built and running. The AssetMantle Node Project implements modules to build a custom dApp by stitching the required modules together, while the Client Application implements all centralized toolsets like backend & frontend for the business app, wallets, light clients for the dApp, and explorers. The Core chain connects to all the dApps in the ecosystem and implements all the modules required to allow for interoperability between all the dApps and ensure shared security. The APIs are a set of common API utilities like transaction querying, queuing, ticketing, key management, etc. which allow integration of the dApps with third-party business apps.

Team

Governance

The Bitcoin blockchain application utilizes a PoW consensus mechanism that produces cryptographic puzzles that a node has to solve to become the leader/proposer of the next block. The complexity of the cryptographic puzzle is not arbitrary, it’s a parameter that is decided by Bitcoin’s PoW consensus mechanism based on the performance of the nodes of the chain in the mining time of the preceding blocks. Similarly, there are consensus parameters that need to be modified in a PoS consensus mechanism too, and these parameters are much more numerous in the case of DPoS. These parameters are changed by a mechanism which is termed chain governance, where a node can propose a change to the parameter, and the rest of the nodes vote to either accept or reject the parameter change proposal.

On the AssetMantle Platform, each chain has its governance mechanism based on the flavor of the PoS consensus mechanism utilized in a chain. Each module exposes a list of parameters too that can be changed by the governance of the chain. It is the responsibility of the validator nodes to participate and vote on all governance proposals. The parameters are designed to change incrementally and have a cool-off period so that the chain could not change too drastically too quickly.

Tokenomics-$MNTL

The Mantle token, represented by $MNTL, is the native token of the AssetMantle ecosystem.

Token Functions

$MNTL is a governance and staking token that secures the MantleChain. It also supports MantlePlace (NFT marketplace) transactions: minting, trading, royalties, and fees. Initially, the token will also help bootstrap genesis creators, liquidity provision, and NFT minting and trading activities through retroactive rewards and airdrops.

Governance: The $MNTL token is required as a deposit to create on-chain governance proposals. Token holders can then vote on these proposals with their staked $MNTL.

Chain Security: AssetMantle’s sovereign chain, MantleChain, runs on the Tendermint core, a DPoS (Delegated Proof-of-Stake) based pBFT (Practical Byzantine Fault Tolerance) consensus engine. The token holders can participate in securing the chain by delegating their tokens to validators of their choice. The delegators will then be incentivized for active participation in the consensus through their selected validators or risk slashing in case of malicious behavior by the same.

NFT Transactions: $MNTL will be used to pay for transaction fees, platform commission, and creator royalties. The token will also be used for the curation of the platform (via curation DAO), which plays an integral role in an NFT marketplace governance.

Token Distribution

The token distribution is strategized to create sustainable growth and augment ecosystem engagements. The $MNTL distribution is designed in a way to have 50% of the supply governed by the community to incentivize the ecosystem supporters in the form of MantleDrops and also reward the MantlePlace stakeholders. The total supply at genesis will be 300 million tokens and it would follow a two-year halving inflation schedule according to the distribution as detailed below:

Foundation (35% — 105 million $MNTL)

Protocol development and adoption;

Ecosystem growth;

Initial token delegation to top-tier validators to ensure chain security;

Strategic reserves for platform collaborations;

Any additional support to the community pool to reward the community over and above their allocation if and when required.

Team (10% — 30 million $MNTL)

Support the team for continuous development and expansion of the platform capabilities.

Strategic Partners (5% — 15 million $MNTL)

Collaborators, advisors, and project partners to provide exposure to multiple asset classes and various applications.

Community Treasury (30% — 90 million $MNTL)

Community Grants to incentivize NFT projects & applications;

Bootstrapping community-driven DAOs to ensure the long-term growth of the ecosystem;

Curation of the MantlePlace & incentivization to active supporters;

Community driven Governance for the MantlePlace to reward the right stakeholders and disincentivize the malicious users.

MantleDrops (20% — 60 million $MNTL)

At genesis incentivizing: early adopters, stakers, liquidity providers and active NFT users across multiple ecosystems;

Post genesis campaigns to bootstrap the creator, trading, and curator communities.

Token Release Schedule

Foundation (35% — 105 million $MNTL)

Team (10% — 30 million $MNTL)

Community Treasury (30% — 90 million $MNTL)

Strategic Partners (5% — 15 million $MNTL)

MantleDrops (20% — 60 million $MNTL)

Supply & Rewards Distribution

The token supply will be following an inflationary schedule to facilitate rewards such as staking, NFT incentives, and community rewards distributions. Starting with 75%, the inflation follows a halving schedule every 2 years. With an initial supply of 300 million and assuming a 67% bonding rate, the $MNTL will reach an asymptotic maximum supply of 6 billion over the period of 20 years. The staking rewards incentivize $MNTL holders to stake their tokens, thus increasing network security. Due to the inflation halving every two years, early stakers will be rewarded with the best staking yields for their contributions and support.

Why Choose AssetMantle?

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About BlockPower

Our Staking Services

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Why Choose Us to Manage Your Assets

Historical

BlockPower almost grew together with the establishment of the PoS consensus. For instance, we have become Cosmos Genesis Validator since March 13, 2019.

Experienced

BlockPower is one of the earliest participating service providers in Cosmos Network and Tezos Network. Furthermore, we have colorful experience in operating other networks like Juno, Osmosis, Aptos and so on (not only include Mainnet but also contain Devnets ). We have rich experience in emergency escalation, which reflects our instant crisis response capability.

Communicated

BlockPower is actively participating in governance (like voting proposals and discussing in forums and discord channels), and what’s more, we have our own blog, disclosing information frequently.

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