MANTRA DAO Price

MANTRA (OM) is associated with a decentralized finance (DeFi) platform and a Layer 1 blockchain designed for the tokenization of real-world assets (RWAs) while complying with regulatory requirements. The MANTRA platform focuses on creating a bridge between traditional finance (TradFi) and DeFi by offering the necessary infrastructure for seamless RWA tokenization. This is facilitated through a permissionless chain that supports permissioned applications, ensuring a regulatory compliant environment for institutions and developers.

MANTRA Chain offers developers and institutions various features to simplify compliance, reduce onboarding and compliance costs, and provide access to global markets through a KYC/AML-compliant framework. The Chain supports the creation, issuance, and management of tokenized assets through its MANTRA Token Service (MTS) and offers cross-chain interoperability via the Cosmos Internet of Blockchains (IBC). This ensures transactions are both low-cost and fast, benefiting from the security and transparency provided by the Cosmos SDK.

On the DeFi side, MANTRA Finance introduces $OM staking pools available on multiple blockchain networks, including Ethereum, Polygon, and BNB Chain. The platform prioritizes transparency, security, and control, including full on-chain transaction transparency, KYC & AML screening, audited smart contracts, and on-chain insurance. This approach addresses the key concerns of investors and participants in the DeFi space, aiming to provide a trusted and secure environment for crypto investments.

MANTRA uses a DeFi platform and a regulatory-compliant Layer 1 blockchain to tokenize real-world assets. It offers a permissionless chain for permissioned applications, enabling developers and institutions to operate in a regulatory compliant environment.

MANTRA Chain supports creating, issuing, and managing tokenized assets on-chain, with features like cross-chain interoperability, low transaction costs, and a KYC/AML-compliant framework for institutions. MANTRA Finance introduces $OM staking on multiple blockchains, focusing on transparency, security, and user control with on-chain transactions and audited smart contracts​.

MANTRA (OM) was launched in 2020, and one of its co-founders is John Patrick Mullin, who is also credited for founding ClubDAO and HeliSwap. Currently, Mullin serves as the co-CEO of SOMA.finance​.

Since its launch in 2020, MANTRA has evolved into a comprehensive blockchain ecosystem known as the OMniverse, encompassing MANTRA Nodes, MANTRA Chain, MANTRA Finance, and MANTRA DAO. This rebranding and expansion have broadened its services, including infrastructure as a service (IaaS), validator node operations, a protocol for the Cosmos ecosystem, and a DeFi platform. MANTRA aims to bridge the gap between traditional finance and DeFi by offering a range of innovative products to both retail and institutional investors​,

The MANTRA (OM) token is utilized within the MANTRA ecosystem for various purposes, including governance, where token holders can participate in voting on decisions that impact the platform. It's also used for staking, allowing holders to earn rewards by locking their tokens. Additionally, OM tokens grant access to certain platform features and services, embodying a central role in its DeFi and governance operations.

You can also trade MANTRA crypto against other digital assets on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell $OM or HODL if you believe in the long-term potential of the MANTRA Chain project, but only after doing your own research (DYOR).