Mento (MENTO)

Mento is a decentralized and transparent protocol that enables the creation of stable value digital assets, such as assets that track the value of fiat currencies (commonly referred to as “stablecoins”).

Funding Round: $10 Million

Whitepaper

Onepager

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Interest lvl

NA

Updated: Oct 20, 2024

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Ticker

MENTO

Type

Utility-token

Token standard

ERC-20

FoundedGermany

Registration countryGermany

Registration year2022

Office addressGlogauerstraße 6 10999 Berlin, Germany

Ecosystems

Celo

What is Mento

Mento is a decentralized and transparent protocol that enables the creation of stable value digital assets.

The goal of Mento is to support the real-world adoption of digital currencies by enabling the creation of stable value assets for users around the world. Mento is currently live on the Celo blockchain, supporting various stablecoins including the Celo Dollar (cUSD), Euro (cEUR), Brazilian Real (cReal), CFA Franc (eXOF), Celo Kenyan Shilling (cKES), and Puso (PUSO). All Mento assets are fully collateralized with a diversified portfolio of exogenous crypto assets.

The Mento protocol aims to provide a solution: A multi-currency stable asset ecosystem to enable real-world usability.

Mento Labs is a digital asset solutions company based in Berlin with a team of economists, engineers, and Web3 experts dedicated to the development of the open protocol Mento. Mento Labs also helps to design sustainable assets for partners, from settlement currencies over incentive tokens to stable assets.