Mantra (OM) is an L1 decentralized network focused on the tokenization sector. The protocol provides enterprise-level clients with regulatory compliance tokenization solutions. Its blockchain infrastructure-as-a-service options enable developers to enter the web3 sector efficiently. Here’s everything you need to know about Mantra.
Tokenization
Tokenization refers to bringing assets onto a blockchain network. These assets can be digital, physical, or financial in nature. The first tokenized assets didn’t require any compliance mechanisms, making them much easier to convert. Today, a large community seeks to bring the advantages of blockchain networks to tangible assets such as real estate.
Real World Assets
Real World Assets refer to real estate, commodities, and other tangible investments that aren’t blockchain-based. Converting these assets into blockchain tokens requires extra steps. These steps involve integrating regulatory compliance mechanisms into the token’s coding. These requirements can include KYC/AML compliance and much more.
Source – Mantra
What Problems Does Mantra (OM) Attempt to Fix?
There are several concerns that Mantra helps to reduce in the market. For one, it’s among the first RWA Layer 1 blockchain designed from the ground up to service the growing market. The protocol offers to develop a secure and flexible decentralized environment that can support the latest applications, including creating, managing, trading, and monitoring regulatory-compliant RWAs.
Security Concerns
Security issues have been a concern for blockchain developers since the first networks entered the market. Mantra helps to alleviate these issues via its proprietary systems. The network offers users a secure custodial solution that is censorship-resistant. Notably, Mantra is a permissionless blockchain that supports permission applications and more.
Lack of Scalability
Scalability can cause disruptions across blockchain networks that can lead to higher fees and reduced capabilities. The mantra network was built to provide unmatched performance to users. The network supports high-frequency trading. According to developers, the platform has been bench-tested up to 10,000 transactions per second (TPS) successfully.
Lack of Interoperability
Interoperability concerns are another major issue that limits adoption, liquidity, and integrations. Mantra ensures seamless integration via the Inter Blockchain Communication (IBC) protocol. The IBC enables the seamless communication of data and value between decentralized networks, opening the door for more diverse and effective Dapps.
Benefits of Mantra (OM)
There are several benefits that Mantra makes possible. The system simplifies the creation of regulatory-compliant assets and Dapps. These tokens can be pre-programmed with certain tasks that users must complete to transfer or hold the token. This structure enables developers to ensure the compliance of tokens throughout their life cycle.
Fractionalized Tokenization
Fractional tokenization is a term that refers to breaking down larger assets into smaller, more affordable options. For example, a firm could tokenize a luxury apartment complex into $100 tokens. This strategy reduces the financial barriers to investment and enables a more open market.
Developer Friendly
Mantra is a developer-friendly programmable blockchain. It’s Cosmas and Ethereum (EVM) compatible, which means that ERC Dapps and tokens can convert to the network with no coding. Also, Mantra supports a variety of popular programming languages, adding to its flexibility. Additionally, the network provides access to helpful developer tools including built-in modules, Software Development Kits (SDKs), and Application Programming Interfaces (APIs) to reduce your workload.
Regulatory Compliance Community
Another advantage is the Mantra community. Unlike competitors, the Mantra investment community is a fully KYC/AML-vetted pool of traders seeking RWA. Developers can access this community and find traders that meet their strict prerequisites when required, saving time and costs.
How Does Mantra (OM) Work?
Mantra offers users an all-in-one tokenization solution that combines a purpose-built L1 blockchain, exchange, vaults, and DeFi services to empower users to integrate RWA tokenization strategies. Mantra uses a Proof-of-Stake consensus mechanism that enables anyone to stake their OM tokens to help secure and validate the blockchain.
MANTRA Chain
The Mantra Chain is a core component of the Omniverse ecosystem. The blockchain provides fast finality, high programmability, and transparency. It’s the first L1 designed to support the RWA economy, and as such, it offers a combination of features that make it ideal for tokenization processes.
MANTRA Finance
The Mantra Finance feature is a high-performance DeFi option that allows users to secure passive income via low-risk DeFi methods. This globally-regulated protocol allows anyone to create, trade, issue, and earn from blockchain assets without previous technical experience.
Mantra Vault
The Mantra Vault is a yield staking protocol that allows users to secure rewards based on the liquidity provided to the pool. This strategy is ideal because you can see what your returns will be using the calculator. Users need to stake USDC to participate in the vault feature.
Trade Assets
The swap protocol makes it easy to exchange digital assets across blockchains. Swap options provide lower gas fees as they eliminate the middleman. There is also a central limit order book exchange that offers a CEX trading experience that is recognizable to most users.
Digital ID
In the digital age, it’s becoming vital to be able to confirm your ID without revealing personal data to third parties. The Mantra DID solution uses advanced systems to verify KYC and AML requirements for traders. This DID can be used to confirm your identity in the Web3 space, providing a secure way to interact with other networks.
Token – OM
The primary utility token for the Mantra protocol is OM. This token serves many roles. It’s how you interact with network features, including trading ad swaps. It’s also the main reward and governance token for the ecosystem. Notably, it’s a limited supply token with 888,888,888 OM scheduled for issuance over the life of the project.
Governance
Mantra is a community-led project. Users can stake their tokens to gain access to voting rights. These rights allow users to put forth proposals to a vote. Notably, approved proposals get paid for via the treasury. These proposals can cover new products, fees, mergers, and more.
How to Buy Mantra (OM)
Currently, Mantra (OM) is available for purchase on the following exchanges.
Binance – Accepts Australia, Singapore, the UK, and most of the world. Canadian & USA residents are prohibited. Use Discount Code: EE59L0QP for 10% cashback on all trading fees.
KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens. Restrictions may apply, depending on location.
Gate.io – This exchange was established in 2013 and is one of the more popular & reputable exchanges. Gate.io currently accepts most international jurisdictions including Australia & the UK. USA & Canadian residents are prohibited.
Mantra (OM) – RWA Movement expands
Mantra is ahead of the curve as the one for the first L1 blockchains designed to service the RWA economy. The network offers an excellent selection of features and is globally regulated, adding to its positioning. As such, Mantra is a smart network to monitor moving forward.
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