We are often in the look out for opportunities and things to learn. Today, let's delve into a blockchain called MANTRA.
So what is Mantra?
MANTRA is a vertically-integrated and regulatory compliant blockchain ecosystem that offers a variety of products or applications and services to both retail and institutional investors.
According to Binance and I quote, re: "The MANTRA ecosystem carries a reputation for an open and honest approach to crypto trading, fund-building, and innovation, all part of its goal to make crypto-pioneering personal, safe and secure." (Source)
The Mantra ecosystem called the OMniverse comprises the following applications and or services:
Mantra Chain: a protocol for various regulated assets for the Cosmos ecosystem. It provides permissionless ability to build Web3 applications on a high-performance, scalable blockchain architecture combined with the toolkit to build regulated, compliant, and permissioned applications.
Mantra Nodes: a blockchain infrastructure-as-a-service business that includes retail staking, institutional delegation, node management and white-label validator operations. It is the cornerstone of the vertically integrated stack that is the foundation for the OMniverse.
Mantra DAO: which is a decentralized autonomous organization that governs the ecosystem.
Mantra Finance: a globally-regulated DeFi platform that brings the speed and transparency of decentralized finance to the world of TradFi. It is the leading provider of DeFi products offering democratized access combined with institutional-grade security. The platform allows users around the world to trade, issue and earn from both crypto and tokenized assets.
Brief Introduction
The project development and conceptualization started in the fourth quarter of 2019 and was launched in 2020. In early in 2021, the Mantra DAO protocol was introduced. (6)
And in August 2022, MANTRA DAO officially rebranded to MANTRA after reaching its second anniversary. (7)
With MANTRA’s rebrand also came the restructuring of MANTRA into the all-encompassing MANTRA ecosystem, otherwise known as the OMniverse. The OMniverse is made up of four stacks that comprise the wide variety of products and services MANTRA offers to both retail and institutional investors. The four stacks are MANTRA Nodes, MANTRA Chain, MANTRA Finance and MANTRA DAO, with each comprising a range of innovative products within MANTRA’s ecosystem. (8)
The brand name has quite an interesting story behind it and you can read more about it here, including the values of the company, description and others.
Project Team
There are three co-founders of the platform, re: John Patrick Mullin, Rodrigo Quan Miranda and Will Corkin. Other team members are found here.
"The MANTRA team is composed of seasoned entrepreneurs and professionals — hailing from different countries, industries, and backgrounds — coming together with the single goal of bringing DeFi services to every corner of the globe." (Quoted from Source)
Contact Info & Socials
Token
Token Name: MANTRA (OM)
Market Capitalization: $17,823,995
Circulating Supply: 699,557,404
Total & Max Supply: 888,888,888
Smart Contracts:
- Ethereum: 0x3593d125a4f7849a1b059e64f4517a86dd60c95d
- Binance Smart Chain: 0xf78d2e7936f5fe18308a3b2951a93b6c4a41f5e2
- Polygon: 0xc3ec80343d2bae2f8e680fdadde7c17e71e114ea
OM can be traded on spot in various exchanges (both centralized and decentralized), including Binance, UniSwap V2, OKX, PancakeSwap V2, Kucoin, Gate.io and many others.
(Source: Coingecko)
Token Distribution
Here's a quick summary of how the OM tokens were allotted, re:
More details of these can be found here.
Utilities:
The OM token has various utilities including the following:
Governance: Users who stake OM can issue proposals, participate in governance votes, and suggest developments in various products across the OMniverse.
Staking: OM can be staked directly on MANTRA’s web app or on Binance to earn passive yields.
DAO Token Access/ Airdrop Incentives: Those who stake OM can get special access to new DAO token issuances and other partnering DAO token airdrops.
Summary
The OMniverse or Mantra ecosystem is an interesting blockchain and I can only imagine it to keep evolving. The ecosystem is quite vast so watch out for more publication that will come for each of the applications and/or services in it.
Lead image created on Canva. Logo from Mantra. No copyright infringement intended. 9th July 2023/20:00ph