MANTRA (OM)
MANTRA Chain is a permissionless blockchain platform developed for building and launching compliant Web3 financial applications. It uses the Cosmos SDK to provide a secure environment for tokenizing, investing in, and trading real-world assets. The blockchain is co-founded by John Patrick Mullin, Rodrigo Quan Miranda, and Will Corkin.
Overview of MANTRA Chain
MANTRA Chain is a Layer 1 blockchain specifically designed for tokenizing real-world assets (RWAs). It offers a permissionless blockchain environment for permissioned applications, ensuring compliance with regulatory requirements. The platform enables a highly liquid ecosystem of permissioned decentralized applications (dApps) where users can trade regulated products. It integrates with traditional banking systems to facilitate seamless interactions between crypto and fiat currencies.
Features of MANTRA Chain
MANTRA Compliance
| Ticker | OM |
| Category | Infrastructure |
| Website | https://www.mantrachain.io/ |
| @MANTRA_Chain | |
| Telegram | MANTRA_Chain |
| Contract Addresses | |
|---|---|
| ethereum | 0x35...5d Copied! |
| base | 0x39...98Copied! |
| binance-smart-chain | 0xf7...e2Copied! |
| polygon-pos | 0xc3...eaCopied! |
| osmosis | ib...95Copied! |
MANTRA Compliance provides tools for Web3 platforms to meet regulatory requirements in cryptocurrency transactions and financial activities. It automates compliance processes, helping businesses engage safely in the blockchain economy. Key features include KYC/KYB protocols, reusable KYC, ongoing AML checks, user risk scoring, and transaction monitoring.
MANTRA Token Service
MANTRA Token Service (MTS) is an SDK that allows Web3 businesses to create, issue, and manage digital assets on the MANTRA network. It supports the creation of compliant digital assets and facilitates trading across jurisdictions. MTS ensures responsible token management through asset management, access control, configurable yields, and low transaction fees.
MANTRA Assets
MANTRA Assets is a dApp using the MANTRA Token Service SDK to issue security tokens on the network. It allows businesses to launch tokens representing real-world assets, offering tools for managing these tokens, including tracking ownership and automating dividend distribution.
MANTRA DEX
MANTRA DEX is a decentralized finance hub leveraging the Cosmos ecosystem for trading real-world assets. It features automated market making, liquidity provisioning, cross-chain compatibility, and a user-friendly interface, providing a seamless and efficient trading experience.
Hongbai Testnet
Hongbai is the testnet for MANTRA Chain, used for testing new features and updates before mainnet deployment. It offers a comprehensive environment for developers to experiment with smart contract deployment and token transfers. The testnet uses a Proof of Stake consensus mechanism to ensure security and integrity.
OM Token
The $OM token is the mainnet coin of MANTRA Chain, used for participating in the ecosystem and earning staking rewards. It employs a Proof of Stake mechanism, where validators and delegators can stake OM tokens to secure the network. The tokenomics involve minting new OM tokens to support the ecosystem's growth and transition to real yield staking as the RWA ecosystem develops.
Partnerships and Investors
Partnerships
MANTRA has established partnerships with several organizations, including Allnodes, Chainlink, Cosmostation, HexTrust, and others, to enhance its ecosystem and service offerings.
Investors
In March 2024, MANTRA secured $11 million in funding, with Shorooq Partners leading the round. Other investors included Three Point Capital, Forte Securities, and several others, supporting MANTRA's growth and development.