Exchange MANTRA DAO

Mantra is a decentralized finance (DeFi) platform built on the Polkadot blockchain ecosystem. It aims to provide users with financial services such as staking, lending, and governance, while also incorporating features for community engagement and participation. Mantra seeks to empower users to access financial services in a decentralized manner, enabling greater control and transparency over their assets. 

Mantra is described as vertically integrated, which means that the platform aims to provide a comprehensive suite of financial services that cover multiple layers or aspects of the decentralized finance (DeFi) ecosystem.

Mantra was founded by John Patrick Mullin, CEO of Decentralized Finance Technologies Inc., and Ivan Koh, who serves as the COO. It was launched in September 2020 under the name Mantra DAO. The founding team aimed to leverage blockchain technology to create a platform that offers a range of DeFi services, including staking, lending, and governance, while also fostering community engagement and participation. 

Recognizing the immense potential of the multi-chain approach, the Mantra team swiftly broadened the project's scope. Consequently, Mantra has extended its reach to various prominent dApp platforms, including Ethereum, Binance Smart Chain, and Polygon. Furthermore, plans are underway to introduce the proprietary MANTRA Chain and incorporate support for additional networks like Solana, Terra, and others. In August 2022 the project was renamed to Mantra. 

Mantra DAO is built on the Polkadot ecosystem, which offers interoperability between different blockchains. This allows Mantra DAO to leverage the benefits of Polkadot's interoperable framework, enabling seamless interaction with other projects and chains within the ecosystem.

Like many DeFi platforms, Mantra DAO relies on smart contracts to execute various functions autonomously. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. These contracts govern transactions and interactions within the platform, ensuring transparency and security.

Staking is a fundamental feature of Mantra DAO, where users can lock up their tokens to participate in network validation or governance activities. Stakers are rewarded with additional tokens for their contributions to securing the network or participating in governance decisions.

Mantra DAO’s ecosystem, named OMniverse consists of three main components: 

• MANTRA Finance stands out as a premier provider of DeFi solutions, offering inclusive access alongside top-tier security measures. Our platform empowers global users to engage in trading, issuance, and earning opportunities across a diverse array of crypto and tokenized assets.
• MANTRA Chain offers a permissionless environment for developing Web3 applications, utilizing a high-performance and scalable blockchain architecture. Our platform provides developers with the necessary toolkit to create regulated, compliant, and permissioned applications. Leveraging the Cosmos SDK, MANTRA Chain ensures scalability and interoperability for decentralized applications, enabling seamless integration across various networks.
• Mantra DAO has always prioritized community involvement since its inception, with transparent governance serving as the foundation that unites people. Beyond the OMniverse and Sherpas, Mantra DAO is dedicated to extending this narrative and structure to other projects and their myriad protocols, aiming to engage a wider community.

The OMniverse encompasses diverse stacks, highlighting the extensive array of products and services Mantra will provide to global retail and institutional investors.

At the core of the vertically integrated stack lies MANTRA Nodes, serving as the cornerstone and establishing the groundwork for the OMniverse. This blockchain infrastructure-as-a-service enterprise encompasses retail staking, institutional delegation, node management, and white-label validator operations.

Meanwhile, the MANTRA Chain serves as the protocol for regulated assets within the Cosmos ecosystem. Leveraging the Cosmos SDK, it prioritizes Inter Blockchain Communication (IBC), CosmWasm, and Ethereum Virtual Machine (EVM) compatibility, ensuring a developer-friendly and secure environment.

Mantra DAO incorporates a governance mechanism that allows OM token holders to participate in decision-making processes regarding the platform's future development and management. This governance model typically involves voting on proposals for protocol upgrades, changes to parameters, and allocation of resources.

The platform's native token is known as OM. It is used for governance and participation within the ecosystem. The OM token has a total supply of 

The Average Fees on the Mantra DAO 

The transaction fees on Mantra can vary depending on the specific services being used, market conditions, network congestion, and other factors.

The OM Coin Wallets 

The OM token can be stored in one of the popular cryptocurrency wallets such as Trust Wallet, Atomic Wallet, Meta Mask, Coinbase, Token Pocket, iToken Wallet, Assure Wallet, BRD Wallet, Portis, etc.