What Is MANTRA (OM)? – Definition & Details

ANTRA is a vertically integrated DeFi crypto ecosystem that aims to transform Web3 and DeFi into a safe, secure, and simple-to-understand environment. Let’s read about MANTRA in this article.

What Is MANTRA?

MANTRA is a vertically integrated blockchain ecosystem. The MANTRA OMniverse also includes MANTRA Nodes, a blockchain infrastructure-as-a-service company; MANTRA Chain, a protocol for various assets in the Cosmos ecosystem; and MANTRA Finance, a DeFi platform that gives TradFi the speed and transparency of DeFi.

Introduction

MANTRA is a vertically integrated blockchain ecosystem that was launched in year 2020. The ecosystem, formerly known as MANTRA DAO, has a reputation for being transparent and honest about crypto trading, fund-building, and innovation, all as part of its objective to make crypto-pioneering personal, safe, and secure.

What exactly is the OMniverse?

The rebranding of MANTRA coincided with the restructuring of MANTRA into the all-encompassing MANTRA ecosystem, also known as the OMniverse. The OMniverse is comprised of four stacks that represent the extensive range of goods and services offered by MANTRA to both retail and institutional clients. MANTRA Nodes, MANTRA Chain, MANTRA Finance, and MANTRA DAO are the four stacks, each of which contains a variety of unique products inside the MANTRA ecosystem.

MANTRA Chain

The Cosmos ecosystem’s protocol is MANTRA Chain. The IBC module, it is interoperable with other blockchains in Cosmos, enabling developer tools and the ability to build everything from games and web3 applications to secure and decentralised exchanges (DEXs). The network is also EVM-compatible, bringing together the flexibility and dependability of the Cosmos and Ethereum ecosystems in a developer-friendly environment.

For all KYC and AML requirements, MANTRA Chain also employs a robust decentralised identify (DID) module. The module aids in the development of goods that make use of expanded features and ecosystems.

MANTRA Nodes

MANTRA Nodes is the foundational component of the OMniverse’s vertically integrated architecture. The primary purpose of node operations is to create income for the company and expand Sherpa community ownership by giving additional yield-earning options across different blockchains.

Furthermore, these validator nodes help MANTRA establish a presence on new and future blockchain networks, as well as expand into a larger institutional area as an ecosystem. It also opens up possibilities for MANTRA’s multi-chain DeFi ecosystem to grow.

In addition, MANTRA provides Infrastructure as a Service (IaaS), enabling both organisations and private persons to set up validator node operations. The MANTRA Nodes service line also includes node management, retail staking (both on and off-chain), institutional nodes, and cloud / white-label node construction and deployment.

MANTRA Finance

MANTRA Finance envisions itself as a platform that delivers the speed and transparency of DeFi to the established but opaque TradFi market. The platform will enable people all around the world to trade, issue, and profit from digital assets in a non-custodial and permissionless environment.

MANTRA DAO

MANTRA has always focused on involving its community at every stage, and the open governance structure is the glue that holds the community together. M DAO wants to transfer this story and structure to other projects and their numerous protocols in order to reach a wider community outside of the OMniverse and Sherpas.

The stack provides DAO services that safely improve the effectiveness of various DAO business operations, ranging from finance to human resource management. Some DAO solutions, for example, include treasury administration, DAO issuance and launchpads, DAO governance and grants, and DAO staking and DeFi.

HeliSwap, the first DEX & DAO on the Hedera network, and ZENSTAR, the first substrate-based money-market created on the Astar network on Polkadot, are two examples of successful DAO collaborations.

What Is OM Token

$OM is the OMniverse’s native token and has a variety of uses, including:

Governance: $OM stakeholders can make ideas, vote on governance, and suggest changes to various products within the OMniverse.

Staking: For passive yield earning, $OM can be staked directly on MANTRA’s online app or on Other Crypto Exchange.

DAO Token Access/Airdrop Incentives: Stakeholders of $OM have priority access to new DAO token issuances as well as partnering DAO token airdrops.

MANTRA Om Price & Details

MANTRA (OM) Coin is currently trading at a price of $0.04675.

You can check the live price and full analytics of MANTRA (OM) Here.

Where To Buy MANTRA (OM)?

If you’re wondering where to buy MANTRA at the moment, the main cryptocurrency exchanges for trading in MANTRA stock right now are Binance, OKX, CoinW, Phemex, and AAX.

MANTRA is the first vertically integrated and regulation compliant blockchain ecosystem of its type. The DAO is part of the MANTRA OMniverse, which also includes MANTRA Nodes, a blockchain infrastructure-as-a-service company that offers retail staking, institutional delegation, node management, and white-label validator operations; MANTRA Chain, a protocol for regulated assets for the Cosmos ecosystem; and MANTRA Finance, a globally-regulated DeFi platform that brings the speed and transparency of DeFi to the world of traditional finance.

Thank you for your time reading this! I hope you enjoyed our blog and that we supplied you with information that you will find valuable in the future. Behindyourgoals has more articles about finances.