MANTRA Chain (OM)

Introduction to MANTRA Chain (OM)

The world of DeFi is no stranger to various financial services. Much of traditional finance has seeped its way in in one way or another, whether it be lending, storing, trading methods normally associated with stocks, and whatnot. Of course, without the centralization and some added touches.

A lot of the time, you get a whole suite of these services under one roof, and you may not need to go anywhere else. One such platform is MANTRA Chain, which we’ll be exploring today.

MANTRA’s blockchain ecosystem is vertically integrated, featuring many aspects under one roof.

And so its ecosystem comprises MANTRA Nodes, which is basically a blockchain infrastructure-as-a-service model; MANTRA Chain, which is a protocol for numerous assets for Cosmos; and finally, MANTRA Finance, a DeFi platform seeking to introduce the transparency and speed pertaining to DeFi to the traditional finance landscape.

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The Genesis of MANTRA Chain

In August 2020, John Patrick Mullin founded the MANTRA DAO. He’s a blockchain enthusiast and an entrepreneur.

Underlying MANTRA Chain’s founding was the aim to deploy the wisdom and knowledge of the crowd so that a decentralized and transparent community can be created, where people are given back their control.

In July 2020, the Hex Trust was given the role of custodian for Mantra’s fundraising campaign.

PLUTUD.VC and LD Capital, which is a top blockchain Asian fund manager, happen to be a few of its initial institutional investors.

During the same year, i.e., 2020, MANTRA partnered up with Consensus Labs to aid in the DeFi ecosystem’s development in China.

Back then, MANTRA also managed to become a validator on Kusama, which is a “canary” network for Polkadot that was made to help blockchain firms understand the workings of DeFi protocols.

There was one other thing that MANTRA did in 2020, and it was the initial membership offering pertaining to the OM token with more than 1,300 signing up for that whitelist.

Back then, it was capable of raising more than $5.9 million from that event. Also, the token’s supply was exactly 888,888,888, and this was supposed to be distributed within seven stages.

But it was only two years later, in August 2022, that Mantra DAO changed, or rather, rebranded to MANTRA, marking a significant change in its service lineup, namely the restructuring into a more fleshed-out and feature-filled ecosystem, known as the OMniverse.

This OMniverse is composed of four stacks that make up the various products and services that MANTRA provides for institutional and retail investors.

These four stacks are basically the MANTRA Nodes, Chain, Finance, and DAO, as we discussed earlier.

Core Features of MANTRA Chain

Let’s now take a brief look at the core aspects that make up MANTRA Chain.

Starting off with the nodes, they’re the cornerstone in the vertically-integrated stack that makes up the OMniverse’s foundation.

Their main function has been to produce revenue for the platform and grow the Sherpa community holdings with the provision of yield-earning opportunities across several blockchains.

Not to mention that these validator nodes are tasked with supporting MANTRA in crafting a presence on emerging blockchain networks, growing its ecosystem as a bigger institutional space while opening up opportunities to grow the network’s multi-chain DeFi ecosystem.

MANTRA also provides IaaS, or Infrastructure as a Service, in that it’s able to establish validator node operations that both individuals and institutions will need.

The node service lineup here can also include node management, institutional nodes, retail staking, and cloud/white-label node deployment and development.

Then there’s the MANTRA Chain, which is a protocol catering to the Cosmos ecosystem.

It’s interoperable with other Cosmos blockchains through the IBC module, offering developer tools as well as the option to create anything from web3 applications and games to decentralized exchanges.

The network’s EVM-compatible too, blending the reliability and flexibility of both the Ethereum and Cosmos ecosystems into a developer-friendly environment.

Moving on to MANTRA Finance, it seeks to become a platform bringing the transparency and speed of DeFi to traditional finance.

The platform will enable users across the world to issue, trade, and earn from virtual assets within a permissionless and non-custodial manner.

Since its release, MANTRA has always concentrated on including its community at every step of the way, and so, that transparent governance mechanism forms the core that unites people.

To have a wider reach beyond the OMniverse, the DAO seeks to introduce this structure to other protocols or networks.

To that end, the stack provides DAO services that can securely raise the efficacy of numerous DAOs’ business functions, from HR management to finance.

For instance, a few DAO solutions involve treasury management, DAO launchpads and issuance, DAO staking and DeFi, and DAO grants and governance.

A few successful DAO partnerships were HeliSwap, the first decentralized exchange and DAO on Hedera, as well as ZENSTAR, which is the first substrate-based money market constructed above Polkadot‘s Astar Network.

OM Tokenomics

On to tokenomics, the price of its native is at approximately $0.80, with the market capitalization at more than $644 million and a fully diluted valuation of over $721 million.

There’s no data on the maximum supply, according to CoinMarketCap, and the total supply is exactly 888,888,888, whereas the circulating supply is more than 793 million.

MANTRA’s Staking and Lending Mechanisms

Much of the staking and lending takes place at MANTRA Finance, which forms the core of the network’s various financial services.

You can stake your OM tokens either to earn some passive income or to vote on governance.

Governance in MANTRA Chain

Like many platforms, MANTRA has governance in place to ensure that its community has a voice in how things are run.

With that, the OM token forms at the center of it all, where holders can use it to vote on important proposals that leave lasting impacts on the platform’s future.

MANTRA in the DeFi Ecosystem

The DeFi ecosystem is one vast place, filled with all kinds of services, and is even inclusive of many traditional financial services, like derivatives, futures, and more.

Within that space, MANTRA has managed to find a niche for itself, giving people an outlet to exercise their financial interests, whether it be lending, staking, or P2E gaming.

Acquiring and Storing OM Tokens

So, are you interested in getting some of those OM tokens? Well, fortunately for you, there are a couple of exchanges that support it, including the likes of Binance and Uniswap.

If you’re looking to engage in more complex forms of trading like futures, grid, and derivatives trading, then exchanges like Binance should be your go-to, as the options available there cannot be matched by many.

But if all you’re looking for is a simple swap, and you don’t want to go through the hassles of registration and any other processes, particularly KYC, then you can simply use Uniswap, as that will be more than enough since there’s no registration or KYC; all you need is to connect your wallet and swap whatever tokens you have in them for some OM, and you’re all set.

Market Analysis: OM Token’s Performance

Surprisingly, after experiencing quite a bit of a slump for so long, the token has managed to climb up significantly, shattering all previous records.

It was worth around $0.01 at one point, and eventually managed to climb the $1 mark a while back, which just goes to show how well this token has been performing.

Challenges and Opportunities for MANTRA Chain

While the token has been performing well lately, it is advisable to consider how it can just as easily fall, and its current price is a reminder of that.

In times of a slump, you want to be patient and be deliberate in your planning before buying a token, as you wouldn’t want to buy it only to then realize that it’s worth even less later on. 

But token aside, it should be noted that the project is operating in a sea of projects and networks.

There’s always the possibility that the competition proves too much for the network to handle, and that’s quite a challenge, despite any passive income opportunity you might have access to here.

Future Developments and Roadmap

There’s a lot to show for when it comes to upcoming developments. It seems like every different stack has some kind of update planned.

For instance, for the MANTRA Chain, there is the Mainnet Launch, a couple of audits, foundation grant, bug bounty programs, a developer portal and more.

So, the future regarding this whole suite of services, or ecosystem, is one that’s quite eventful.

Conclusion: The Strategic Importance of MANTRA Chain

Despite MANTRA’s attempts at creating a safe, secure, and a more personal ecosystem for the users, it is always a must to remember that in the cryptocurrency landscape, you’re not free of risks, they may take shape one way or another.

Start by familiarizing yourself more with the infrastructure underlying MANTRA here, as it will help you comprehend the kinds of services you can access within the OMniverse.

If they’re to your liking, then you can consider further engagement on your part, if not, then you can look elsewhere, as there are plenty of projects out there offering what it does.

We Coin-Labs.com provides only objective information about MANTRA Chain (OM).
Therefore, we are not responsible for the investment decision in MANTRA Chain (OM) and the resulting loss.

MANTRA Chain (OM) Basics

Here are some factors that investors should consider before investing in MANTRA Chain (OM).

Cryptocurrency Features	MANTRA Chain (OM) (OM)
Publisher or Developers	MANTRA DAO
Headquarters (Registration Number)
Symbol	OM
Platform
Published Date (CMC Registration)	2024-12-01
Max Supply	No limit

Reliability Score of MANTRA Chain (OM) in 2024

These are indexes mesuring the investment reliability of MANTRA Chain (OM) conducted by Coin-Labs.com.

Investment Reliability Rating Items	Scores and Current Status
Company Activation Rate	/ 10.0 CAR
Communication Rate	/ 10.0 CR
Technology Transparency Rate	/ 10.0 TTR
Development Participation Rate	/ 10.0 DPR
Listing Status on the World's Top 10 Exchanges	Listed on 4 Exchanges
Number of Available Pairs Worldwide	213 Pairs
Market Cap of the Cryptocurrency	119,484,557 USD (Rank #313)

The table above shows the result of investment suitability evaluation for MANTRA Chain (OM).
Check out how we evaluate cryptocurrencies on the crypto rating description page.

MANTRA Chain (OM) Price

Here are the price and recent trading volume of MANTRA Chain (OM). (Data of 2024-12-02 03:40:00)

Price Items	Price and Trading Volume of MANTRA Chain (OM)
MANTRA Chain (OM) Price	3.548 USD
Price Change 24h	-3.18%
Price Change 7d	-2.59%
Trading Volume 24h	79,132,471 USD
Trading Volume Change 24h	-31.36%

Cryptocurrency Metadata

You can check the development status and social media information of MANTRA Chain (OM) through the links in the table below.

Metadata Source	URL
🌎 Official Website
📖 White Paper
🛰️ Source Code (GitHub)
🐦 Twitter
🤖 Reddit
🎺 Message Board

Where to Buy MANTRA Chain (OM)

Here are the top ten world crypto exchanges where traders can buy MANTRA Chain (OM) in 2024.

Top10 Exchanges	Listed Status	Page URL
Binance	Listed	https://www.binance.com/en/trade/OM_USDT
Coinbase	Not listed
Kraken	Not listed
KuCoin	Listed	https://www.kucoin.com/trade/OM-USDT
Bitfinex	Not listed
OKX	Listed	https://www.okx.com/trade-spot/om-usdt
Huobi	Not listed
Bitstamp	Not listed
Bybit	Not listed
Gate.io	Listed	https://www.gate.io/trade/OM_USDT

Frequently Asked Questions