Everything About Mantle Coin (2): How to Make 100% Use of It on the Bybit Exchange
4 min read · · Korean original
Contents 6
Did you know there are many ways to use Mantle (MNT) coin on the Bybit exchange? In this post, we'll look at how to use Mantle coin on Bybit to get discounts on spot and futures trading fees, and to take part in Launchpool, Megadrop, Earn, VIP upgrades and more.
1. Trading Fee Discounts
On Bybit, if you pay fees with $MNT, you can get up to a 25% discount on spot fees and up to a 10% discount on futures fees. To set this up, go to the Bybit fee settings page and turn on the ‘Pay with MNT’ option.
| Trading Type | Base Fee | Discount with MNT |
|---|---|---|
| Spot Trading | 0.1% | Up to 25% off |
| Futures Trading | 0.05~0.075% | Up to 10% off |
2. Earning Yield
On Bybit's Earn platform, you can also deposit Mantle and earn extra yield. You can choose between Flexible, which lets you deposit and withdraw freely, or Fixed, which locks in a set term, and it's a good place to park your coins.
| Type | Features |
|---|---|
| Flexible | Free deposits and withdrawals, lower yield |
| Fixed | Fixed term, somewhat higher yield |
If you're a short-term holder, you can earn yield on your idle Mantle coins through Flexible products. If you're a long-term investor, you can subscribe to Fixed products for terms such as 30 to 90 days. Please note that with Fixed products, early unstaking is possible, but in that case you will not receive any interest.
3. Launchpool and Megadrop Staking
Launchpool and Megadrop on the Bybit exchange are among the most popular events with users. $MNT holders can stake Mantle coin in Launchpool and Megadrop and receive airdrops of newly listed coins.
(1) Launchpool
- You can deposit $MNT, $USDT, or the newly listed Launchpool coin to receive token airdrops.
- The participation period is usually 3~7 days, and you can deposit and withdraw freely at any time.
(2) Megadrop
- To take part in Megadrop, you need to deposit $MNT and complete missions (following on Twitter, trading boosts, etc.).
- You can choose a fixed participation term, and your assets are locked up for that period. Early redemption is not possible.
4. Bybit Card Payments
If you have a Bybit Card, did you know you can also use Mantle coin for online and offline payments? Just select $MNT as your payment method in the Bybit Card payment options, and Mantle coin will be used automatically when you pay.
5. VIP Tier Upgrades
As your Bybit VIP tier goes up, you get special benefits that make a big difference in trading fees, leverage, customer service and more. If you hold $MNT in your exchange account, a boost is applied to your holdings so you can raise your VIP tier quickly.
| Tier | Fee Discount | VIP Asset Boost | Max Leverage | Other Benefits |
|---|---|---|---|---|
| VIP 1~3 | +10% extra discount | x1.4~1.5 | 100x | Dedicated account manager |
| VIP 4~5 | +15% extra discount | x1.3 | 125x | OTC, research reports |
| VIP 6 and above | +20% extra discount | x1 | 150x | Exclusive events, partnership priority |
For example, to reach VIP Level 1 on the Bybit exchange, you previously had to hold assets worth $100,000. However, if you hold $MNT coin, a 1.5x boost is applied, so you can reach VIP Level 1 while holding assets worth only about $66,000.
Wrapping Up
Mantle coin, which started out from BitDAO and evolved into an Ethereum Layer 2 solution, has now become a core asset that is actively used on the Bybit exchange as well.
Do you hold Mantle coin and use the Bybit exchange often? If so, make the most of the chance to enjoy a range of benefits, including Bybit fee discounts, deposit yield, Launchpool and Megadrop participation, card payments, and VIP tier upgrades.
