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Mantra Chain

Category: Layer 1, RWA

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Overview

Total XP Rewards

40

Estimated Rewards

$40M

Funding

$11M

Current Stage

Season 2

Total value locked

-

Unique Users

-

Chains

chain imagechain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

B

Tasks

0/2

TGE

August-2020

Type

Layer 1

Confirmed

Yes

Date

7 months ago

Introduction

  • MANTRA is a Layer 1 blockchain designed specifically for real-world asset (RWA) tokenization, ensuring adherence to regulatory requirements. 
  • As a permissionless chain, it supports developers and institutions with advanced technology, compliance tools, and cross-chain interoperability.

Tasks

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Fundamentals

  • Mantra Chain is designed specifically to support decentralized finance (DeFi) applications, offering a robust infrastructure tailored to the needs of financial services on the blockchain.
  • Mantra Chain emphasizes high transaction throughput and low latency, ensuring fast and efficient operations necessary for DeFi applications.
  • The chain is built to be highly interoperable, allowing seamless integration with other blockchains, making it easier for developers to deploy cross-chain DeFi solutions.
  • It is designed with scalability in mind, capable of handling a large number of transactions as the network grows.
  • The chain focuses on energy efficiency, employing consensus mechanisms that minimize environmental impact, aligning with the growing demand for sustainable blockchain solutions.

Potential Rewards

  • Participating in the Chakra Pool offers fixed and boosted yields, with eligibility for the upcoming 50M $OM GenDrop  and significant rewards in $OM coins.
  • Users also receive up to 3% boosted yield in $ONDO tokens from the Ondo Foundation.
  • Engaging in the Chakra Pool earns Karma points, which qualify participants for Karma-boosted airdrop rewards.
  • Tokenizing real-world assets and joining related liquidity pools may lead to airdrops proportional to contributions.
  • If you have some stable coins just sitting around, this opportunity is worth considering. By participating, you'll gain exposure to top RWA projects, $ONDO and $OM, both backed by real assets and firms, making it a low-risk investment.

 

Investors

  • Moonrock Capital
  • Genblock Capital
  • Masters Ventures

Features

  • Real-world Asset Tokenization: MANTRA Chain allows for the digital representation of real-world assets like art or real estate, making them easily tradable through tokenization.
  • Fiat On/Off Ramp: MANTRA Chain integrates fiat on/off ramps, simplifying the conversion between cryptocurrencies and traditional fiat currencies.
  • Decentralized ID (DID) / Soulbound NFT: The protocol implements a Decentralized ID system for user onboarding, enabling a passport-like experience across the ecosystem, with soulbound NFTs for identity verification.
  • Native DEX: MANTRA Chain includes a decentralized exchange (DEX) for trading digital assets, offering a secure and transparent trading environment.
  • Interoperable via Cosmos IBC: The chain is interoperable with other blockchains using the Cosmos Inter-Blockchain Communication (IBC) protocol, facilitating cross-chain interactions
  • Yield Engine: Mantra Chain provides a yield engine to help users generate returns on their digital assets through various DeFi mechanisms.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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