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Buy Mantra Dao in India
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MANTRA DAO's business plan, as outlined in its whitepaper, is centred 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. Kenetic Capital, Genesis Block, and Moonrock Capital are among the investment firms that have backed its 'initial membership offering.Earn Free Mantra Dao
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Frequently Asked Questions
What is Mantra Dao?
MANTRA DAO is a decentralised finance platform focused on staking, lending, and decentralised governance. The project will be built on the RioChain blockchain and will be linked to Polkadot. It is intended to serve as a Web 3.0 ecosystem.
For staking, lending, and governance, the platform employs OM, a native utility token. While the project intends to migrate to the Polkadot network, the token was initially distributed on the Ethereum blockchain.
History of Mantra Dao ?
RioDeFi, the blockchain tech development company behind RioChain, advised co-founders and long-time friends John Patrick Mullin and Will Corkin on the creation of MANTRA DAO. Together with colleague Rodrigo Quan Miranda, they established the project as a decentralised autonomous organisation.
Mullin previously worked as a fintech researcher at the Chinese investment bank Guotai Junan Securities and has written about blockchain technology for both traditional and crypto media outlets. He was named a strategic advisor for Polkastarter, a Polkadot-based decentralised exchange, in September 2020.
Miranda co-founded and served as CEO of Immutable Technologies Corp, a decentralised network infrastructure provider, as well as Moon Street Ventures, blockchain research and development and consulting firm.
He previously worked as an investment banker. The founding council of MANTRA DAO includes Mullin, Corkin, and Miranda, as well as RioDeFi CEO James Anderson and chief marketing officer Stephane Laurent Villedieu.
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Mantra DAO Token Price and Trade analysis?
The current MANTRA DAO price is 19.82 INR, and the 24-hour trading volume is 1,485,640,120 INR. In the last 24 hours, MANTRA DAO has dropped 13.05%. With a live market cap of 5,818,554,676 INR, the current CoinMarketCap ranking is #457. It has a total supply of 888,888,888 OM coins and a circulating supply of 293,603,220 OM coins.
How does Mantra DAO Token work?
OM, which is used to govern the DAO as well as for staking and lending, powers the MANTRA DAO ecosystem. For staking on the platform, OM token holders receive an estimated 88.8% annualised reward. OM was initially issued as an ERC-20 token, but the platform intends to transition to the Polkadot network.
Mantra DAO Token Technology, Advantages and Uses
The OM governance token issued by MANTRA DAO is an ERC-20 token issued on the Ethereum blockchain, which means OM transactions are validated by the Ethereum network.
Ethereum employs a proof-of-work consensus algorithm, in which miners compete with one another to add new blocks to the blockchain, and a record must be confirmed by a majority of all nodes in the network before it can be posted.
The project named Hex Trust as the custodian of 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 firm SlowMist.
What are the Benefits of Mantra DAO Token?
MANTRA DAO taps into the collective knowledge and wisdom of the crowd to create a community-governed, transparent, and decentralised ecosystem for web 3.0 that returns financial control to the people in order for them to grow their wealth together.
MANTRA DAO is a fully integrated ecosystem of decentralised financial services that are built on interoperable technologies and is collectively controlled by its users. Its governance mechanism is based on a digital token called OM, which allows its holders to vote on decisions that affect the system's parameters.
The OM token is distributed as a reward for platform contributions and provides access to a variety of economic incentives. MANTRA DAO, in addition to the OM token, supports the Karma Protocol, a reputation mechanism that evaluates system participants' behaviour and keeps track of OM holders' performance metrics.
Why Buy Mantra DAO Token in India?
Several announced features, according to MANTRA DAO, distinguish the project. To begin, it is built on RioChain and will be linked to Polkadot, which it describes as a 'next-generation blockchain'. Second, it provides multiasset staking, lending, and borrowing for its own platform as well as others like Cosmos (ATOM) and Terra (LUNA).
Third' it runs the MANTRA POOL, which distributes 25% of the foundation's staking rewards. Finally, it employ 'karma' protocol that assigns scores to network participants based on their contributions, with users with high scores receiving additional benefits.
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Step 3: Visit the BuyUcoin Exchange menu in your crypto wallet to find OM Token or exchange pair with OM-USDT pair.Step 4: If In case you don’t have USDT, add funds from your favourite UPI payment mode to buy USDT i.e Paytm, PhonePe, Mobikwik, Google Pay, Bhim Pay or credit card and debit card.Br...Step 5: Buy OM Token in India with your USDT token.
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