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MANTRA DAO (OM) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $9,257,690. The current price of MANTRA DAO is $0.04189, which is 10.266% higher than yesterday. Prices have ranged between $0.04268348 and $0.03718415 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 07:02 UTC.
MANTRA DAO is a decentralized finance (DeFi) platform that specializes in staking, lending and governance in a decentralized manner. It is built on the Rio Chain, a Substrate based blockchain infrastructure that is also interoperable with the Polkadot network.
The platform offers 3 major features: a savings and lending platform using pooled digital assets; the native utility token OM that is the governance token of the protocol which enables token holders to vote on interest rates, staking assets and inflation/deflation levels; and a reputation protocol called KARMA that calculates the voting power of OM token holders through certain metrics and increases the chances of native token holders to benefit from the protocol’s financial schemes. You can think of it as being similar to a credit score in the traditional financial markets. The protocol is run by the MANTRA DAO foundation that is also a validator candidate for the Polkadot network. The foundation also manages the safeguarding of intangible assets relating to the project such as trademarks and copyrights.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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