OM
MANTRA
$0.0000AUD
Market Cap
5.8B AUD
24H Trade Vol.
263.1M AUD
Total Supply
961.1M
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1M
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0.00%
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≈ 0.00000000 OM
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Buy MANTRA (OM)

What is MANTRA?

MANTRA is a security-first Layer 1 blockchain designed to comply with real-world regulatory requirements, making it particularly suitable for institutions and developers. It serves as a permissionless blockchain facilitating permissioned applications. Built using the Cosmos SDK, it supports the Inter-Blockchain Communication (IBC) protocol for interoperability and employs a proof-of-stake mechanism for security.

How does MANTRA work?

MANTRA operates as a Layer 1 blockchain leveraging the Cosmos SDK and Inter-Blockchain Communication (IBC) protocol for interoperability. It uses a Delegated Proof-of-Stake (DPoS) mechanism through CometBFT, a Byzantine Fault Tolerant algorithm, ensuring robust security and efficient transaction validation. The blockchain supports CosmWasm smart contracts, enabling the creation and management of decentralised applications.

What are the potential use cases for MANTRA?

MANTRA is suitable for several applications, including:

  • Tokenization of real-world assets (RWAs) such as art, commodities, and real estate.
  • Functioning as a decentralised identity system that enhances KYC/AML compliance.
  • Facilitating compliant on-and-off ramping for fiat and tokenized securities.
  • Allowing community-based governance and frequent upgrades.
  • Supporting cross-chain interoperability and various DeFi services like staking and lending.
  • Providing platforms for lending and borrowing.

What is the history of MANTRA?

MANTRA was launched as MANTRA DAO in 2020 by a team with a strong financial and blockchain background. Significant changes include a 2024 update that introduced MANTRA Chain, focusing on RWA tokenization. This marked a strategic transition towards a more regulated and expansive financial ecosystem. Over the years, MANTRA has secured substantial funding, becoming a significant player in the crypto yield market. Its transformation from MANTRA DAO to MANTRA Chain reflects a broader vision to encompass diverse financial services under a regulated framework.

Frequently Asked Questions (FAQs)