MNT is the native token of the Mantle ecosystem and provides a range of benefits on Bybit Georgia. You can trade or hold MNT for potential value growth, use it to accelerate your VIP status, and enjoy discounted trading fees. This article explains the different ways you can obtain and use MNT on Bybit Georgia.
How to Get MNT on Bybit Georgia
You can acquire MNT on Bybit Georgia through the following methods:
- Crypto Deposit: Transfer MNT from an external wallet or exchange to your Bybit Georgia account.
- One-Click Buy: Purchase MNT with fiat using a bank card.
- Spot Trading: Buy MNT flexibly with market or limit orders.
- Convert: Swap any supported assets for MNT instantly or at your preferred rate.
- OTC Trading: Purchase large amounts of MNT at a fixed price with no slippage.
MNT Fee Discounts
How it works
Users who pay trading fees with MNT can enjoy a discount. This benefit is available to both VIP and non-VIP users, and the discount is applied automatically on top of your existing VIP rate:
- 25% off Spot trading fees
Example:
Suppose you're a VIP 4 user with a 0.0600% Taker rate. Buying 10 BTC on Spot with a market order would normally cost 0.006 BTC in fees. By paying with MNT, the fee is reduced by 25% to 0.0045 BTC worth of MNT. For more details, please refer to FAQ — Paying Trading Fees With MNT.
How to pay trading fees with MNT
On the web trading page, click Fee Rate and turn on the Using MNT for fee discount option.
If you're using the app, follow the steps below to enable Using MNT for fee discount option.
Note: Only MNT in your Unified Trading Account (UTA) can be used to pay trading fees.
MNT Multiplier for VIP Upgrade
The MNT multiplier is a benefit for MNT holders that accelerates VIP progression by assigning additional weight to MNT in asset value calculations. The multiplier, based on your VIP tier, is applied to your MNT holdings, allowing you to advance to higher tiers with fewer total assets.
You can view your applicable MNT multiplier and progress bar on the VIP Program page.
On the app, tap your profile picture in the upper-left corner, then tap your VIP level to check the details.
When calculating your total asset value, the system first applies the multiplier to your MNT holdings and then adds the value of your other assets. The formula is:
Effective balance = (MNT assets × Market price × Multiplier) + (Non-MNT assets × Market price)
Example:
On Sep 1, you are a non-VIP holding 65,000 MNT (assumed market price = $1) and 30,000 USDT.
Without the multiplier:
Your total asset value is $95,000, which doesn't meet the VIP 1 requirement as outlined in the VIP Program.
With the multiplier:
A 1.5x multiplier applies to your MNT holdings, raising the MNT value to $97,500 ($65,000 × 1.5). Adding 30,000 USDT brings your total asset value to $127,500, qualifying you for VIP 1.
Note: VIP levels refresh on T+1. In this example, you'll officially become VIP 1 and unlock its benefits on Sep 2.