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.
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Frequently Asked Questions (FAQs)
What is the current price of MANTRA (OM)?
The MANTRA price is $7.4697 AUD, representing a -5.62% from the day prior.
Where is the best place to buy MANTRA (OM) in Australia?
The best place to buy MANTRA (OM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell MANTRA (OM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of MANTRA (OM)?
The trading volume of MANTRA (OM) is $837.3M AUD in the last 24hrs, representing a -5.62% from the day prior.
How can I buy MANTRA (OM)?
MANTRA (OM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of MANTRA (OM)?
The current market cap of MANTRA (OM) is $7.1B AUD.
Can I convert MANTRA (OM) to cash?
Yes - With Coinstash you can convert your MANTRA (OM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many MANTRA (OM) are there?
The current circulating supply of MANTRA (OM) is 962.8M.
Is Coinstash a safe place to buy MANTRA (OM) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling MANTRA (OM) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.