MANTRA (old)

What is Mantra (OM)?

MANTRA (OM) is the ultimate real-world asset (RWA) layer one blockchain specifically built for onboarding the financial ecosystem on-chain whilst complying with regulations. This has been made possible by developing the platform built on the Cosmos SDK, taking advantage of the application-inter-blockchain communication (IBC). The application will be towards tokenized solutions for real-world assets that are more secure, scalable, and compliant, and it is a growing platform, though very soon going to be an integral part of the Mantra Crypto ecosystem for future adoption and usage of the OM coins into the broad markets.

Key Features of Mantra (OM):

• Infrastructure permissionless: This supports permissioned applications to build regulatory-compliant distributed applications.

• Guard Module: Will streamline identity verification with Decentralized Identifiers (DIDs).

• KYC/AML Integration: Will enable applications targeting a pre-screened user base.

• Application-First Protocol: Access Mantra DEX, yield vaults, and RWA tokenization platforms.

• Low Cost and Fast Transaction: Highly optimized on-chain and cross-chain IBC transactions.

• Built on the Cosmos SDK: It is a trusted and transparent technology, as well as security.

What is the OM Token?

OM token is the native token hosting all activities around the MANTRA ecosystem. It is for staking, governance, and transactional activities. Alerts can be earned from OM token staking on Mantra DEX, adding liquidity into pools, and participating in ecosystem governance. With suitable growing adoption, an OM coin is now the must-have asset in decentralized finance.

Use Cases of OM Token

• Staking: Earn rewards through a staked OM token on Mantra DEX.

• Governance: Involved in all on-road governance and ecosystem upgrades.

• RWA Tokenization: Divides ownership of real-world assets like properties and artworks into fractions.

• On/Off-Ramping: Allows an easy way to transact in fiat, equity, and tokenized RWA.

• DID Involvements: Bring KYC/AML simpler and a clear identity in verifications.

• DeFi Toolz: Swaps, liquidity pools, and order books based on trading would fall under.

How can users stake OM and earn rewards in the MANTRA ecosystem?

Users can stake OM tokens within the MANTRA ecosystem to earn rewards. To achieve this, users must connect their MANTRA wallet or any other Ethereum-based wallet like Metamask or Trust Wallet and select the staking option. When the wallet is connected, the user can stake their OM tokens and, therefore, contribute to the growth and stability of the ecosystem.

Who are the founders of Mantra (OM) Cryptocurrency?

John Patrick Mullin, now an American entrepreneur and fintech researcher based in Hong Kong, has spent more than a decade in DeFi, blockchain technology, digital assets, and Web3. He has co-founded MANTRA (OM) - an L1 security-focused blockchain for tokenizing RWAs and compliance with regulations. An essential participant in raising tens of millions in funding for various projects through extensive experience with some of the world's most renowned firms (e.g., PwC, BAML, Citigroup, and Credit Suisse) with his co-founders Will Corkin and Rodrigo Quan Miranda, he is currently developing MANTRA's vision with a global team of 50+ builders who empower institutions and developers.

Mantra (OM) Coin supported Wallets

Mantra Wallet is an Official digital wallet for managing digital currency assets, especially OM Token, among several other coins. It supports Ethereum-based wallets such as MetaMask, WalletConnect, and Coinbase Wallet. All are designed for users dealing with the Polkadot ecosystem with wallets like Polkadot.js and Kusama.

Where can you buy an Om (Mantra) Token?

You can buy $OM tokens from several popular cryptocurrency exchanges, including:

• Binance

• OKX

• Gate.io

• KuCoin

• Uniswap

Mantra (OM) Coin History

The journey of the $OM token, the currency part of the MANTRA DAO ecosystem, started on the 18th of August 2020 when it gave its Token Generation Event (TGE). Raising $2 million at an initial price of $0.025 during the private rounds, the $OM token continued with its public sale, which raised $3.93 million and was listed at $0.20, offering a 19.77x ROI from its TGE price.

As of 2024, the OM token reached its all-time high of $4.60 on December 11, 2024, while its all-time low was $0.01728 on October 12, 2023. The OM token currently has a market cap of $3.8 billion, with a circulating supply of 944.8 million OM out of a total supply of 1.8 billion OM.

How does Mantra (OM) Crypto work?
MANTRA is indeed a decentralized finance (DeFi) ecosystem. Laid down on the blockchain, it promises security and community governance services.

• Proof-of-Stake (PoS) Security: MANTRA adopts PoS consensus, where both validators and delegators stake the $OM token to secure the network, earning OM tokens through staking.

• Community Governance: The community governs the platform, and all matters of protocol upgrade, chain integration, or other vital ecosystem development include input from $OM holders.

• Guard Module Access: Upon finishing KYC, the user is rewarded with $OM tokens, which can be utilized by staking them to access the Guard Module, where decentralized applications can be deployed to interact with users.

• CosmWasm Integration: MANTRA enables CosmWasm so that functionality for smart contracts rolled through the $OM token will execute decentralized applications and contracts.