What is Mantra (OM)? All you need to know about OM token

Mantra (OM) is one of the DeFi projects focusing on building a strong and transparent community. This project helps users efficiently and safely manage their assets.

In this article, AZcoin will provide you with all the necessary information about the Mantra (OM) project, including its functionalities, operations, and potential for future development.

What is Mantra (OM)?

What is Mantra (OM)?
What is Mantra (OM)?

Mantra (OM) is a decentralized finance (DeFi) platform built on Polkadot, focusing on community asset management, staking, lending, and portfolio management. Mantra DAO (OM) aims to empower community-controlled financial assets through decentralized governance mechanisms.

Development team, partners and investors

Development team

The development team of Mantra (OM) was founded by top experts in the blockchain field. With extensive experience and deep knowledge of technology, they have contributed to some of the most successful projects in the industry. Specifically:

  • John Patrick Mullin (CEO & Co-founder): Blockchain advisory expert with experience at SOMA.Finance, HeliSwap, and Club DAO.
  • Will Corkin (CTO & Co-founder): Developed blockchain solutions for organizations, previously worked at Ambassador.
  • Rodrigo Quan Miranda (COO & Co-founder): Former CTO at BlockSmith, involved with Club DAO and SOMA.finance.

Other team members include Juan Suarez (CTO), Stephen Peepels (CLO), Brian Norman (CFO), and Roland Daniellczyk (CRO).

Partners

Mantra DAO has various diverse partners, including renowned enterprises such as RioDefi, Kenetic, Plutus.VC, Master Venture, and Greenbox Capital. Additionally, they collaborate with many other brands.

Investors

Mantra has attracted significant interest from large investors worldwide. Notable investors include NEO Global Capital, NGC Ventures and Fenbushi Capital.

How does Mantra work?

How does Mantra work?
How does Mantra work?

Mantra (OM) operates as a decentralized finance (DeFi) platform with key features such as staking, lending, and community management. Users can stake their digital assets into smart contracts to earn interest and OM tokens. These assets are pooled together and lent out to others, facilitating lending services.

Mantra DAO also employs a decentralized governance mechanism, allowing OM token holders to participate in voting and make important decisions for the platform’s development. Through diverse financial services and a community-driven management model, Mantra (OM) brings numerous benefits to users and promotes the development of the DeFi ecosystem.

Special features of the MANTRA project

The MANTRA project stands out with the following features:

  • Decentralized Governance: Community users participate in management and decision-making through a decentralized governance mechanism.
  • Expanded Ecosystem: Integration of various financial services creates a diverse and comprehensive ecosystem.
  • Passive Income Opportunities: Users can earn passive income through staking and lending services on the platform.
  • Positive Incentive Mechanisms: Encourages user engagement and contributions to platform development by offering attractive rewards.
  • Diverse Rewards: Provides various types of rewards, including OM tokens and interest from financial activities on the platform.

Basic information about OM token

Basic information about OM token
Basic information about OM token

OM token Key Metrics

  • Token Name: OM Token
  • Ticker: OM
  • Blockchain: 0x2baecdf43734f22fd5c152db08e3c27233f0c7d2
  • Token Standard: ERC-20
  • Contract: 0x2baecdf43734f22fd5c152db08e3c27233f0c7d2
  • Token type: Governance, Utility
  • Total Supply: 888,888,888 OM
  • Circulating Supply: 101,111,111 OM

OM Token Allocation

  • Staking Rewards: 30%
  • Referral Rewards: 12.5%
  • Team and Advisors: 17.5%
  • Sponsorship: 12.5%
  • Reserve Fund: 10%
  • Private Sale: 9%
  • Public Sale: 8.5%

What is OM token used for?

The OM token serves multiple purposes on the Mantra platform, including:

  • Voting Rights: Users can use OM tokens to participate in voting and decisions on important project issues.
  • Staking: OM tokens are used for staking, helping to maintain network operations and earn corresponding rewards.
  • Payments: OM tokens can be used for payment for products and services on the Mantra platform.
  • Rewards: Users can receive various types of rewards through holding and using OM tokens.

Where to buy and sell OM tokens?

Should you invest in Mantra (OM) or not?
Where to buy and sell OM tokens?

You can buy and sell OM tokens on the best crypto exchanges like Binance, Huobi Global, KuCoin and Uniswap. On these exchanges, you can trade OM tokens with popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).

In which wallet to store OM tokens?

You can store OM tokens in various secure and reliable cryptocurrency wallets. Popular wallets like MetaMask, Trust Wallet and MyEtherWallet all support the storage of OM tokens.

Should you invest in Mantra (OM) or not?

Investing in Mantra (OM) is a decision that requires careful consideration based on personal research and evaluation of the project. Mantra (OM) is a DeFi platform with features such as staking, lending, and community governance, promising potential development in the cryptocurrency industry.

However, investors should consider factors such as privacy policy, the project’s development potential, as well as risks related to security and risk management in DeFi. Before investing, it’s advisable to thoroughly research the project and seek expert advice if necessary to make informed investment decisions.

The end

Here are the detailed information about the Mantra (OM) project that AZcoin has just shared with you. I hope this article has provided you with an overview of the project and helped you gather more information to make informed investment decisions!

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