What is MANTRA?

MANTRA (OM) is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide a variety of financial services, including staking, lending, and governance. The native token, OM, is integral for transactions, governance, and incentives, empowering users to engage actively in community decisions.

Uses of MANTRA:

The OM token serves multiple functions within the MANTRA ecosystem:

1. Governance: OM token holders can vote within the MANTRA DAO, allowing them to propose changes and influence the development of products in the OMniverse, the interconnected ecosystem of MANTRA.

2. Staking: Users can stake OM to earn passive income. Staking OM grants access to new DAO token issuances and airdrops from partner DAOs, allowing holders to gain additional rewards.

3. Earning Interest: OM is utilized in MANTRA's money market protocol, enabling users to earn interest by supplying crypto assets, while providing liquidity to borrowers.

4. Karma Points: OM is linked to the Karma Protocol, rewarding users for positive contributions to the ecosystem. Those with higher Karma scores enjoy increased staking rewards, lower fees, and better loan rates.

5. Lending and Borrowing: OM is a part of MANTRA’s lending and borrowing protocols, allowing users to transact across various blockchains.

6. Access and Airdrops: OM holders benefit from access to new DAO token issuances and airdrops from partner DAOs, creating more earning opportunities.

These applications emphasize the flexibility of the OM token, particularly in governance, staking, and lending.

Storing MANTRA:

To store MANTRA (OM), options include:

1. KuCoin Account: Store OM tokens directly in a custodial wallet managed by KuCoin.

2. Non-Custodial Wallets: Use wallets that give you full control over your assets, where you are responsible for security.

3. Trust Wallet: Add MANTRA to your Trust Wallet by preparing it for incoming tokens and manually adding it.

These choices offer flexibility and security for managing OM tokens.

Buying MANTRA:

To purchase MANTRA (OM), you can follow these steps:

1. Via Pionex: Create an account and complete KYC. Select a payment method and buy OM.

2. Via Bitrue: Access the platform, select MANTRA, enter the amount, and confirm.

3. Via Kriptomat: Sign up, verify your account, add funds, and buy MANTRA.

4. Via KuCoin: Create and verify your account, add payment methods, and purchase OM.

5. Via CoinCarp: Register on a centralized exchange, buy USDT, ETH, or BNB, then transfer to buy OM.

6. Via Decentralized Exchanges (DEX): Choose a DEX, download a Web3 wallet, buy mainnet cryptocurrency, and swap for OM.

Overview of MANTRA (OM):

MANTRA is a blockchain ecosystem aiming to bridge traditional finance with decentralized technology. It focuses on tokenizing Real World Assets (RWA), allowing users to manage these assets securely and efficiently. MANTRA Chain is a Layer 1 blockchain that supports staking, tokenization, and compliance with global regulations.

How MANTRA Works:

Using a Proof-of-Stake (PoS) mechanism, the MANTRA Chain enables users to stake OM tokens for network security and rewards. The ecosystem includes unique modules for digital identity, compliance, and decentralized exchanges, facilitating cross-chain functionality.

OM Token Utility:

OM is essential for:

1. Network Security: Staking OM secures the network.

2. Transaction Fees: Required for transaction fees during token minting and burning.

3. Feature Access: Users stake OM to access various advanced features.

4. Governance: OM holders can vote on changes and integrations.

5. Cross-Chain Management: Facilitates transactions across multiple blockchain networks.

Conclusion:

MANTRA Chain provides a comprehensive platform for merging traditional finance with decentralized technologies. With a focus on real-world asset tokenization and compliance, it offers promising solutions for users and developers looking to integrate blockchain into existing financial frameworks.