Token

Patrick

Merge

Cosmos

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/mantra-chains-altcoin-skyrockets-following-community-led-token-merge" rel="noopener noreferrer nofollow">Mantra Chain’s Altcoin Skyrockets Following Community-Led Token Merge</a><br></p>
<p style="text-align: justify">An altcoin from the Mantra Chain project recently experienced a significant price surge, increasing over 45% in a single day. This uptick in value occurred subsequent to the community’s approval to make OM the exclusive token for the protocol. John Patrick Mullin, Mantra Chain’s CEO, highlighted in a video that this decision resulted from a community member’s suggestion, which the decentralized autonomous organization (DAO) embraced.</p>
<h2 id="community-empowerment-boosts-altcoin-value">Community Empowerment Boosts Altcoin Value</h2>
<p style="text-align: justify">Mullin accredited the price boost to the community’s involvement, emphasizing that it was not a top-down decision, but one proposed by a dedicated community member known as The King. The proposal aimed to streamline the ecosystem by making OM the primary layer 1 (L1) token. Previously, the project considered having two tokens, but the community’s consensus led to the adoption of a singular token strategy.</p>
<h2 id="om-token-triumphs-with-unanimous-backing">OM Token Triumphs with Unanimous Backing</h2>
<p style="text-align: justify">The OM cryptocurrency has demonstrated a remarkable growth trajectory, soaring from a mere $0.02 to a current price of $0.35 in just two months. As a decentralized <a href="https://en.bitcoinhaber.net/matrixport-report-highlights-crypto-companies-outperforming-bitcoin" rel="noopener noreferrer nofollow">finance</a> (DeFi) platform operating on the Cosmos network, Mantra Chain’s pivot towards a single-token model has been met with unanimous support from the community.</p>
<p style="text-align: justify">This strategic consolidation under the OM token is intended to simplify the project’s structure and enhance its functionality, in line with the community’s preferences. It marks a crucial evolution for Mantra Chain and underscores the significance of participatory governance in the cryptocurrency world.</p>
<p style="text-align: justify">The positive response from the crypto market and the growing anticipation around community-led initiatives are testaments to the sector’s responsiveness to user-driven innovation. As Mantra Chain forges ahead, the broader cryptocurrency landscape watches keenly, anticipating the long-term effects of this community-centric approach.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/mantra-chains-altcoin-skyrockets-following-community-led-token-merge" rel="noopener noreferrer nofollow">Mantra Chain’s Altcoin Skyrockets Following Community-Led Token Merge</a></h5>

Mantra Chain’s Altcoin Skyrockets Following Community-Led Token Merge

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