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Is Mantle (MNT) halal?

Questionable

No condition fails, but 2 points remain to be verified or fall under a tolerated case.

Verdict calculated by Halal Bourse's published rules from an investigation of primary sources (project documentation, registers, decisions), conducted on 10/07/2026 and not reviewed by a human.

Open the evidence file

The asset

Gas and governance token of Mantle Network (Ethereum rollup), ERC-20 contract on Ethereum (0x3c3a81e81dc49A522A592e7622A7E711c06bf354, address published in Mantle's documentation) and native token on Mantle Network Issuer: Mantle, formerly BitDAO: BIT tokens were converted 1:1 into MNT (proposals BIP-21 and MIP-22); governance is exercised by holders through off-chain Snapshot votes, executed by “Mantle Core” contributor teams; the treasury is a multisig vault.

MNT pays for gas on Mantle Network and grants a vote in Mantle's governance. The ERC-20 supply is 6,219,316,794 MNT (Etherscan); the contract owner can mint new tokens within an annual cap that equals zero as of October 7, 2026; 49.0% was in the treasury as of July 7, 2023 according to the documentation.

Why this verdict

  1. Permissible purpose : met. MNT pays for gas on Mantle Network and grants a vote in Mantle's governance; the use is described by Mantle's documentation and by L2BEAT.
    • « The $MNT token has two roles: governance and utility within the Mantle ecosystem. » Mantle (documentation) (2026-10-07)
    • « As a utility token, $MNT is utilized for gas fees on Mantle Network, and a principal asset within Mantle Rewards Station. » Mantle (documentation) (2026-10-07)
  2. No riba : met. The documentation describes only two roles for MNT (governance and utility) and no yield for simply holding. A “Mantle Rewards Station” program and “staking” are mentioned but not read (see gaps).
    • « The $MNT token has two roles: governance and utility within the Mantle ecosystem. » Mantle (documentation) (2026-10-07)
  3. No gambling : met. The spot purchase is of an ERC-20 token that became the native gas token of the Mantle network; it is not a contract on a price difference. MNT is not in the list of examples of “digital commodities” in the SEC-CFTC interpretation of March 17, 2026 (non-exhaustive list).
    • « In Mantle v2 Tectonic, $MNT will serve as the native token for the system. » Mantle (documentation) (2026-10-07)
  4. No excessive gharar : to be verified or tolerated case. The token, its rights (governance, gas) and its initial distribution are documented, but effective control is not established. The contract owner, a 6-of-14 multisig, can raise a minting cap of 2% of supply per year (zero as of October 7, 2026) and update the code with a one-day delay; the treasury vault is a 3-of-7 multisig (on-chain readings via a public RPC node). The holder vote does not execute anything automatically. No source read identifies the signers: neither their anonymity nor their identity could be established.
    • « the result of the governance vote does not automatically trigger code updates to products or automatic treasury actions » Mantle (documentation) (2026-10-07)
    • « MantleSecurityMultisig 0x4e59…D40f A Multisig with 6/14 threshold. » L2BEAT (Mantle) (2026-10-07)
  5. Real ownership : met. MNT is a standard ERC-20 token held at a personal wallet address (can be added to MetaMask) and transferred to Mantle Network. The choice of purchase platform was not studied.
    • « Add Token to MetaMask (Web3) » Etherscan (2026-10-07)
  6. No fraud or manipulation : to be verified or tolerated case. No established sanction or deception of MNT buyers. A single risk signal under the October 6, 2026 rule: the contract owner's minting right (bounded, see c4 and the scan). The FTX bankruptcy complaint (November 2023) alleged that Bybit secretly controlled BitDAO, which became Mantle; it ended with a $228 million settlement in October 2024, with no ruling on the merits.

Contract security scan

GoPlus security scan of the MNT contract on Ethereum: 30,716 holders; top ten wallets excluding platforms and contracts 34.4%; published code. Signals found: Contract modifiable via proxy: the code can change after the fact (is_proxy). Reading under A.8: GoPlus leaves the honeypot, minting, blacklist, pause and tax fields empty for this proxy contract; reading the code published on Etherscan shows a minting function reserved to the owner (cap of 2% of supply per mint, one year between mints, cap currently at zero) and no blacklist or pause function. The owner is MantleSecurityMultisig (6-of-14) and the token update goes through a one-day delay (L2BEAT). The 34.4% includes Bybit wallets not labeled by GoPlus (labeled by Etherscan): the share excluding platforms is below this figure and below 50%. A single signal retained (minting right by insiders), hence “to be verified” under A.8.

Opinions found during the research

Opinions reported as read, named for what they are; they do not enter into the calculation of the verdict.

What could not be verified

Sources read

Other cryptos analyzed

General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology