Project Name: Mantra
Project Token: OM
Project Website: https://www.mantraomniverse.com/
Project Twitter Address: https://twitter.com/MANTRAOMniverse
Project Whitepaper: https://whitepaper.io/document/641/mantra-dao-whitepaper
What Is Mantra (OM)?
Mantra is a vertically integrated platform that offers users decentralized finance (DeFi) services. Built on top of the RioChain blockchain, the platform aims to establish a connection with the Polkadot blockchain. Besides DeFi services, Mantra embraces the concept of Web3 and aims to be a part of the Web3 ecosystem. The native token of the project is OM, which has several use cases within the platform, including being used as a governance token. Launched in October 2020, Mantra offers staking and lending as DeFi services, which allow investors to earn high returns. Mantra has a variety of features that make it stand out among other DeFi projects. The project provides multi-asset staking and lending services for other cryptocurrencies such as Cosmos (ATOM) and Terra (LUNA). Mantra also includes several Web3 elements, such as cross-company decentralized access. On August 18, 2022, the Mantra DAO began the process of rebranding as Mantra.
B. What Does Mantra (OM) Offer?
Mantra is a DeFi project supported by blockchain technology that offers its users an innovative ecosystem with a wide range of solutions. This ecosystem provides financial freedom through various opportunities like NFTs, staking, and passive income. Since its inception, MANTRA has been focused on involving its community in every stage, and its transparent governance mechanism is considered the central point where people come together. The team behind the project prioritizes security, transparency, and user privacy by embracing the fundamental principles of blockchain technology. Mantra's goal is to reduce dependence on centralized institutions and provide users with full control and freedom.
Mantra's NFT feature allows digital assets to be represented uniquely. Users can buy, trade, and own various items such as artwork, collections, digital content, and more through Mantra NFTs. The staking feature enables users to lock their assets into the Mantra network to earn passive income. This provides users with opportunities to utilize their crypto assets, contribute to the security of the network, and participate in governance.
Mantra Nodes form the foundation of the OMniverse as a vertically integrated structure. The primary function of node operations is to generate income for the operator and offer opportunities to grow Sherpa community shares, leading to increased returns across multiple blockchains. Additionally, validator nodes assist Mantra in establishing a presence in new and emerging blockchain networks, while also providing opportunities to expand Mantra's cross-chain DeFi ecosystem. Moreover, it offers Infrastructure-as-a-Service (IaaS) to organizations and individuals, enabling them to set up validator node operations.
Mantra Chain is a protocol within the Cosmos ecosystem. Through its IBC module, it can interact with other blockchains within Cosmos and empowers developers to create everything from games to web3 applications and decentralized exchanges (DEXs). The network is also EVM-compatible, combining the flexibility and reliability of both Cosmos and Ethereum ecosystems to provide a developer-friendly environment. Mantra Chain utilizes a robust decentralized identity (DID) module for KYC and AML needs.
Mantra Finance aims to bring the speed and transparency of DeFi to the traditional finance (TradFi) world.
Mantra DAO emphasizes its focus on involving the community at every stage since its inception and considers transparent governance as the core that brings people together. To reach a broader audience beyond OMniverse and Sherpas, Mantra DAO strives to carry this narrative and structure to other projects and multiple protocols.
C. Mantra (OM) Technology
Mantra DAO is a platform built on blockchain technology, and its underlying chain is known as Rio Chain. Rio Chain provides high security, scalability, and general access to the Polkadot network. With a block being created every two seconds on the network, it offers significant advantages compared to other chains. Rio Chain enables various types of organizations to interact with users using different blockchain infrastructures. It is continuously audited by Certik, which is an essential step to establish legitimacy in an industry with increasing competition. While many unaudited projects end up stealing user funds or disappearing in various ways, these audited projects tend to be much more reliable.
D. Mantra (OM) Team and Company
The Mantra team is composed of experienced entrepreneurs and professionals from different countries, industries, and backgrounds, united with the goal of bringing DeFi services to every corner of the world.
John Patrick Mullin is a co-founder of Mantra. He is a finance entrepreneur, investor, and educator based in Hong Kong. He is also a co-founder of the decentralized exchange (DEX) platform SOMA.finance, regulated by the United States. Previously, he served as the Managing Director of Tritaurian Capital, a FINRA-regulated boutique investment bank focusing on financial services and capital raising solutions for SMEs. He also has a traditional investment banking background, having worked at Guotai Junan Securities in Shanghai, China. As an educator, John has given speeches at leading universities worldwide, including Harvard, London Business School, and Peking University. Additionally, he is an active investor and the General Partner (GP) of UNKNOWN VC, an early-stage venture capital firm investing in DeFi and Web 3.0.
Rodrigo Quan Miranda is a co-founder and council member of Mantra. He is also a co-founder of the decentralized exchange (DEX) platform SOMA.finance, regulated by the United States.
Will Corkin is a co-founder and council member of Mantra. He is also a co-founder of the decentralized exchange (DEX) platform SOMA.finance, regulated by the United States.
E. Mantra (OM) Digital Asset Economy
The maximum supply of OM is 888,888,888 tokens. OM serves as the native token of the Mantra ecosystem and has various use cases.
F. Mantra (OM) Evaluation
MANTRA is a vertically integrated blockchain project launched in 2020. Previously known as "MANTRA DAO," the project aims to play an active role in crypto trading services, fundraising, and innovation, adopting an open and transparent structure. All these elements contribute to making Mantra a personal and secure experience, aligning with the project's goal in the crypto sector.