MANTRA DAO(OM)

What Does Mantra DAO Do?

Mantra DAO is a decentralized finance (DeFi) platform that empowers individuals to take control of their financial future. It is designed to give access to a variety of DeFi services, such as staking, lending, borrowing, and governance, all within a secure and community-driven environment. 

The platform operates on the principles of decentralization, meaning that the community—not a central authority—has the power to make decisions and shape the future of the platform. By holding OM token, you can vote on important decisions, such as protocol upgrades and new features. 

What is the Mantra DAO Coin?

The OM token plays multiple roles within the platform:

1. PoS Security: The Mantra L1 blockchain uses a proof-of-stake (PoS) consensus mechanism, where the OM coin is essential for securing the network.

2. Transaction Fees: Every time a new token is minted or burnt within the Guard Module, a fee is paid to the protocol treasury. These transaction fees are settled using the OM token.

3. Governance: One of the most significant aspects of the OM coin is its role in governance. This could include anything from chain upgrades to protocol integrations. 

4. Access to Guard module: The Guard module is a unique feature within the Mantra DAO ecosystem that offers additional layers of security and functionality. After completing KYC (Know Your Customer), users receive OM tokens, which can be staked to gain access to the Guard Module. This module allows decentralized applications (dApps) to stake in order to deploy on the platform, while users stake to access these dApps.

Which Blockchain is Mantra DAO On?

Mantra DAO operates on its own Layer 1 blockchain, known as Mantra Chain. It’s a security-first, real-world asset (RWA) compliant platform that’s built to meet the demands of both institutions and developers. The Mantra Chain is constructed using the Cosmos SDK, making it IBC (Inter-Blockchain Communication) compatible. This means it can easily connect with other blockchains.

The Mantra Chain is also scalable, with the capability to handle up to 10,000 transactions per second (TPS). Additionally, the Mantra Chain supports CosmWasm, allowing for the deployment of smart contracts that are both flexible and secure. 

Who is the Founder of Mantra Coin?

The OM token and the entire Mantra DAO platform were the brainchild of John Patrick Mullin, a visionary in the world of cryptocurrency and blockchain technology. With a background that bridges traditional finance and cutting-edge blockchain solutions, John saw the potential to create a platform that empowers individuals and institutions alike. His goal with Mantra DAO was to build a community-driven ecosystem where everyone has a voice and can contribute to the platform’s growth and direction.

When Was the Mantra Coin Launched?

The OM coin was officially launched in August 2020. The launch was met with excitement from the crypto community, as it introduced a new platform that combined the principles of decentralization with a strong focus on community governance. 

Since its launch, OM coin has gained significant traction, becoming a popular choice for those looking to participate in DeFi activities and contribute to a platform that values user input and collaboration.

Where Can I Buy Mantra DAO?

If you’re ready to get your hands on some OM tokens, you’ve got plenty of options. The OM coin is available on several major cryptocurrency exchanges, making it easy for you to buy, sell, or trade. Here are some of the top platforms where you can purchase OM tokens:

• Binance: One of the world’s largest and most popular exchanges, Binance offers OM/USDT trading pairs with a high level of liquidity.

• OKX: Another leading exchange that supports OM token trading, OKX provides a reliable platform for users around the globe.

• Gate.io: Known for its wide selection of altcoins, Gate.io is a great place to buy and trade OM coins.

• KuCoin: A user-friendly exchange that caters to both beginners and experienced traders, KuCoin makes it easy to get started with OM crypto.

• Uniswap: For those who prefer decentralized exchanges (DEXs), Uniswap offers a way to trade OM tokens directly from your wallet, giving you full control over your assets.

No matter which exchange you choose, make sure to do your research and select a platform that best meets your needs and security preferences. Check out these advanced crypto trading strategies and crypto security tips to help you with your journey.

Is OM Coin a Good Investment?

Investing in OM crypto offers both opportunities and risks, just like any other asset. It’s important to consider all aspects before making a decision. Here’s a breakdown of the pros and cons to help you decide if OM coin is the right investment for you.

Should I Invest in OM Coin?