OM

MANTRA DAOOM

Rank #409
Token
On 4,572 watchlists

Presyo ng MANTRA DAO (OM)

$0.08277
16.18%

0.000002718 BTC

0.00007210 ETH

Mababa:$0.08055
Mataas:$0.09543
24h
OM  MANTRA DAO OMPrice: $0.08277 16.18%
Market Cap
$19,992,689
16.18%
Fully Diluted Market Cap
$73,569,646
16.18%
Dami
24h
$6,168,586
30.83%
Umiikot na Supply
241,557,212 OM
27%
Sagad na Supply
888,888,888

MANTRA DAO Chart

 

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Tungkol sa MANTRA DAO

What Is MANTRA DAO (OM)?

MANTRA DAO is a decentralized finance platform with a specific focus on staking, lending and decentralized governance. The project is being built on the blockchain RioChain and will be connected with Polkadot. It is intended to act as an ecosystem for Web 3.0.

The platform uses a native utility token, OM, for staking, lending and governance. While the project plans to move to the Polkadot network, the token has been initially issued on the Ethereum blockchain.

MANTRA DAO was first announced in June 2020, and the platform went live with its first feature, staking, in October 2020.

Who Are the Founders of MANTRA DAO?

MANTRA DAO was developed as a project of RioDeFi, the blockchain tech development company behind RioChain, where co-founders and long-time friends John Patrick Mullin and Will Corkin were advisors. The two launched the project as a decentralized autonomous organization alongside colleague Rodrigo Quan Miranda.

Mullin previously carried out fintech research at Chinese investment bank Guotai Junan Securities and has covered blockchain tech for both traditional and crypto media outlets. In September 2020, he was appointed a strategic advisor for Polkastarter, a Polkadot-based decentralized exchange. Corkin was previously vice president of business development for blockchain development company Trade.io, where he worked alongside Mullin. Corkin has also worked for FinTech Connector, a professional network for fintech startups and entrepreneurs. Along with Mullin, he is an ambassador for the Polkadot network.

Miranda founded Moon Street Ventures, a blockchain research and development and consulting company, and co-founded and served as CEO of Immutable Technologies Corp, a decentralized network infrastructure provider. He was previously an investment banker.

Mullin, Corkin and Miranda, along with RioDeFi CEO James Anderson and chief marketing officer Stephane Laurent Villedieu, form the founding council of MANTRA DAO.

What Makes MANTRA DAO Unique?

According to MANTRA DAO, several announced features make the project unique. First, it is being built on RioChain and will be connected with Polkadot, which it described as a "next-generation blockchain." Second, it offers multiasset staking, lending and borrowing for both its own platform and others such as Cosmos (ATOM) and Terra (LUNA). Third, it operates MANTRA POOL through which 25% of the foundation's staking rewards are given away. And finally, it uses a "karma" protocol that assigns scores to network participants based on their contributions, granting users with high scores increased benefits.

The MANTRA DAO ecosystem is powered by OM, which is used to govern the DAO and for staking and lending. OM token holders receive an estimated 88.8% annualized reward for staking on the platform. OM was issued as an ERC-20 token, but the platform plans to migrate to the Polkadot network.

As outlined in its whitepaper, the business plan of MANTRA DAO is focused on collecting interest on loans, staking OM, operating a staking-as-a-service business that charges fees on staked assets, and providing business-to-business access to its products. A number of investment firms backed its "initial membership offering," including Kenetic Capital, Genesis Block and Moonrock Capital.

Learn about Compound, another major DeFi lending platform.

Learn about Maker, the governance token of another decentralized autonomous organization, MakerDAO.

Curious about yield farming? Read an in-depth explanation on Alexandria, CoinMarketCap's online educational resource.

Stay up to date on the latest developments in the DeFi sector with the CoinMarketCap Blog.

How Many MANTRA DAO (OM) Coins Are There in Circulation?

MANTRA DAO has a total token supply of 888,888,888 OM. Of this amount, 75.6 million OM (8.5%) was sold during a presale and "initial membership offering" that kicked off in July 2020. An additional 80 million (9%) was allocated for private distribution, with a six-month vesting period.

The remaining tokens were distributed as follows:

  • 155.6 million OM (17.5%) for the team and advisors, with one-eighteenth coming into circulation every 30 days.
  • 266.7 million OM (30%) for staking rewards, the majority of which will be released in a nonlinear decaying growth function over approximately five years.
  • 111.1 million OM (12.5%) for funding referral programs, the majority of which will be released on a rolling basis in a linear pattern over approximately five years.
  • 88.9 million OM (10%) for reserves, much of which will be released on a rolling basis in a linear pattern over five years.
  • 111.1 million OM (12.5%) for grants to fund protocol development initiatives.

According to its whitepaper, users are required to send 1 OM to a MANTRA DAO-controlled wallet in order to enter into the MANTRA POOL, the total of which will be burned every quarter. However, in November 2020, the project stated that it does not plan to burn any tokens.

How Is the MANTRA DAO Network Secured?

MANTRA DAO's OM governance token is an ERC-20 token issued on the Ethereum blockchain, which means that OM transactions are validated by the Ethereum network. Ethereum uses a proof-of-work consensus algorithm in which miners compete among each other to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record for it to be posted.

The project appointed custody provider Hex Trust as the custodian for its digital assets, and in December 2020, the project announced that the smart contracts for the next iteration of its OM token had been audited by blockchain security company SlowMist.

MANTRA DAO will migrate to Polkadot via RioChain, which was audited in September 2020 by blockchain cybersecurity firm CertiK, finding no major security flaws.

Where Can You Buy MANTRA DAO (OM)?

OM can be purchased on cryptocurrency exchanges such as Hotbit, OKEx, Bithumb Global and Uniwap (V2), among others. It can be traded on spot markets against the New Taiwan dollar, cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), and the stablecoin Tether (USDT).

Are you interested in buying OM or other cryptocurrencies such as Bitcoin? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.

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OM Price Statistics

MANTRA DAO Price Today
Presyo ng MANTRA DAO$0.08277
Price Change24h$-0.01339

16.18%

24h Low / 24h High
$0.08055 /
$0.09543
Trading Volume24h$6,168,585.87

30.83%

Market DominanceWalang Datos
Ranggo sa Merkado#409
MANTRA DAO Market Cap
Market Cap$19,992,688.54

16.18%

Fully Diluted Market Cap$73,569,646.45

16.18%

MANTRA DAO Price Yesterday
Yesterday's Low / High
$0.08480 /
$0.09916
Pagbubukas / Pagsasara Kahapon
$0.09875 /
$0.08504
Pagbabago Kahapon

13.88%

Dami Kahapon$4,746,860.61
MANTRA DAO Price History
7d Low / 7d High
$0.05737 /
$0.1184
30d Low / 30d High
$0.04846 /
$0.1184
90d Low / 90d High
$0.04846 /
$0.1184
52 Week Low / 52 Week High
$0.04846 /
$0.6562
Pinakamataas
Aug 26, 2020 (5 months ago)
$0.6562

87.39%

Pinakamababa
Jan 11, 2021 (10 days ago)
$0.04846

70.79%

ROI ng MANTRA DAO

65.51%

MANTRA DAO Supply
Umiikot na Supply241,557,212 OM
Kabuuang Supply888,888,888 OM
Sagad na Supply888,888,888 OM

MANTRA DAO Mga Market

No Data

MANTRA DAO News

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