MANTRA
OM
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MANTRA Intro
MANTRA is a decentralized finance (DeFi) platform that offers a comprehensive suite of financial services such as staking, lending, and governance. Launched with the native token OM, the platform empowers users to participate in decentralized governance, earn staking rewards, and engage in lending and borrowing across multiple blockchains. MANTRA also incorporates a unique Karma Protocol, where users are rewarded with Karma points for positive ecosystem contributions, leading to benefits like increased staking rewards and reduced fees.
One of the standout features of MANTRA is its MANTRA Chain, a blockchain built using the Cosmos SDK that focuses on real-world asset (RWA) tokenization. Scheduled for mainnet launch in October 2024, this chain aims to bridge traditional finance with decentralized finance by enabling regulated and secure asset tokenization. MANTRA Chain offers tools for developers to build decentralized applications (DApps) and exchanges, making it a central part of the MANTRA ecosystem.
The project’s broader vision includes attracting institutional capital by providing a safe and transparent platform for large-scale financial transactions. Its efforts to tokenize real-world assets, such as a recent partnership to tokenize $500 million in real estate, highlight its focus on making traditionally illiquid assets accessible to a broader range of investors.
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Q&A about MANTRA Tokenomics
Mantra (OM) has a maximum total supply of 888,888,888 OM tokens, the circulating supply of OM tokens will vary depending on vesting schedules, staking rewards, and other token release mechanisms.
OM tokens are allocated in several categories:
- Rewards for participationA portion of the OM tokens is allocated to users who deposit their tokens on the platform. This encourages long-term participation in the ecosystem.
- Treasury and DevelopmentTokens are reserved to support platform development, pay for operating costs, and fund future partnerships and innovations.
- Liquidity and ecosystem growth:OM tokens are also used to provide liquidity on exchanges and to incentivize growth within the Mantra DAO ecosystem.
- Founding team and advisorsA portion of the supply is reserved for the founding team and advisors, typically subject to procurement schedules to ensure long-term commitment.
- Strategic alliances and private salesThe tokens were sold during the initial funding rounds to investors and strategic partners who support the project's growth.
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