MANTRA Chain is a Layer 1 blockchain that belongs to the MATRA OMniverse ecosystem and leverages the Cosmos SDK to create a secure, transparent marketplace for tokenizing, investing, and trading real-world assets. So what is special about MANTRA Chain? Let's learn about Layer 1 supporting Real World Asset with Coin68 through the article below!
What is MANTRA Chain? Learn about Layer 1 support for Real World Assets
What is MANTRA Chain?
MANTRA Chain is a Layer 1 blockchain of the MANTRA OMniverse ecosystem developed to provide an infrastructure for the Tokenize of real-world and encrypted assets. Built on the Cosmos SDK platform, this project creates a blockchain that attracts users, especially those who have not yet entered the crypto market.
What is MANTRA Chain?
MANTRA Chain is developed with standardized modules, to take advantage of licenses from regulatory agencies, targeting users and developers who wish to build decentralized applications and integrate with Real World Asset (RWA) in a transparent and regulated market.
This Layer 1 blockchain uses BFT Layer 1 technologies such as Tendermint to provide a system that is secure, high-performance, and compliant with increasingly stringent regulatory requirements. This makes it possible to develop Web3 applications without legal obstacles and supports regulatory scalability.
What is MANTRA OMniverse?
MANTRA OMniverse is a vertically developed blockchain ecosystem that combines diversity and inclusivity. With the goal of creating a personalized, secure and innovative cryptocurrency market, MANTRA OMniverse is not only an ecosystem, but also an opportunity for both individual and institutional investors. This ecosystem includes 4 main parts:
What is MANTRA OMniverse?
- MANTRA DAO : This is the hub for managing community proposals and decisions, expanding participation to the broader community and providing transparent governance for other projects and protocols.
- MANTRA Nodes : This feature provides infrastructure for a vertically scalable ecosystem, generating revenue and expanding community ownership across multiple blockchains.
- MANTRA Chain : This is a Layer 1 blockchain developed based on Cosmos SDK technology, compatible with other blockchains and uses DID module for KYC & AML needs .
- MANTRA Finance : This is an interoperable and integrated DeFi platform with TradFi, allowing to trade, issue and profit from digital assets in a non-permanent and permissionless manner.
Special point
- Regulatory Compliance : MANTRA Chain is specifically designed to provide a regulatory compliant marketplace for the Tokenize of real and encrypted assets. This helps attract users from many different countries, especially those who have not yet participated in the crypto market.
Locations that support MANTRA Chain
MANTRA Chain's regulatory compliance process focuses on implementing regulations set forth by regulatory and legal agencies in different regions. It aims to provide a regulated, functioning marketplace for cryptocurrencies and the services the platform provides. During implementation, the project tries to ensure full compliance with KYC/AML regulations as well as regulations on securities and other types of financial assets, to create favorable conditions for users. individuals and organizations in using the platform's services.
- Use of BFT protocol technology : With the use of Byzantine fault-tolerant (BFT) protocol technologies such as Tendermint, MANTRA Chain provides a secure, high-performance system that meets regulatory requirements regulations are increasingly strict.
- Interoperability : Enables secure Token transfers from one region to another via Cosmos Hub, without the need for an exchange or third party.
- Web3 Application Market : This Blockchain aims to create a favorable market for the development of DeFi and Web3 DeFi in a transparent and regulatory compliant market. This attracts developers and users who want to build products with safety and legal compliance in mind.
Feature
Tokenize of real world assets: MANTRA Assets
The process of asset Tokenize is an important step in converting ownership of physical assets into digital form for ease of trading. This becomes possible thanks to security Token Issuance offerings (STO) programs and secondary trading markets protected by identity verification and anti - money laundering processes like decentralized exchanges. (DEX) of MANTRA Chain.
This process not only helps increase the seamless transfer of ownership, but also automates many parts of the work and manual processes involved. This makes transferring ownership easier and more efficient, with all information about Token recorded in the blockchain in a transparent and immutable manner.
Besides, MANTRA Token Service (MTS) is a powerful SDK that combines Golang and NodeJS, providing businesses on Web3 with the ability to independently create, issue, distribute and manage various digital assets , from fiat currencies, stocks to commodities and other financial instruments on MANTRA Chain.
Identification system
MANTRA Chain will apply a "Decentralized ID" (DID) identification system to bring users into the system for KYC/KYB verification purposes. DID allows any user to join without permission via the app. With a one-time registration process, the project will deliver a flexible user experience similar to a centralized system, creating a smoother customer journey.
With DID, users have added security, reducing the risk of fraud through accurate AML/CT screening. This helps create a safe, transparent and efficient market for users to build communities.
Fiat trading portal
With a growing focus in anticipation of increased regulatory efforts in many regions, retail users and even institutions will be able to participate in fiat gateway services, stocks, and securities. Tokenize securities and digital assets through MANTRA Chain in a regulatory compliant market.
Administration
MANTRA Chain uses on-chain governance. The project will continuously upgrade and improve over time through community participation.
Basic information about OM Token
Technical specifications of OM Token
Token name | MANTRA Chain |
Ticker | BRAISED |
Blockchain | Ethereum, BNB Chain, Polygon, MANTRA Chain |
Token type | Ethereum: 0x3593d125a4f7849a1b059e64f4517a86dd60c95d BNB Chain: 0xf78d2e7936f5fe18308a3b2951a93b6c4a41f5e2 Polygon: 0xc3ec80343d2bae2f8e680fdadde7c17e71e114ea MANTRA Chain: Updating |
Total supply | 888.888.888 OM |
Circulation supply | 804.135.263 OM |
Allocation of OM Token
Allocation of OM Token
- Staking reward : 30%
- Referral : 12.5%
- Team and advisors : 17.5%
- Sponsorship : 12.5%
- Reserve fund : 10%
- Private Sale : 9%
- Public Sale : 8.5%
OM Token vesting schedule
OM Token vesting schedule
Uses of OM Token
- Governance : Investors who have Stake OM can make proposals, participate in governance votes and propose developments in various products on OMniverse.
- Staking : OM can be Stake to receive rewards directly on MANTRA's web application.
- Airdrop opportunity : OM Stake will receive priority access to new releases of DAO Token as well as Airdrop rewards of partner DAO Token .
Change in tokenomics of OM Token
The project is preparing to make some important changes in its tokenomics to upgrade MANTRA Chain and OM Token such as:
- Increase OM Token supply : Proposed to increase OM Token supply by 888,888,888 OM, adding to the current OM Token supply, to support the development of MANTRA Chain and activities in the ecosystem.
- New Allocation : Create new allocations such as OM Upgrade, Genesis Airdrop & Incentivized testnet, Ecosystem, MANTRA Association, Ecosystem Initiatives, Staking Rewards and Community Pool to promote the development of the ecosystem.
- Transparency : These changes are made by community consensus and are intended to increase transparency and participation in the community.
- Integration into MANTRA Chain : New Token will be integrated to facilitate easier and more transparent use and management.
MANTRA Chain project development roadmap
Project development roadmap
July 2023
Testnet for developers.
September 2023
Private testnet.
November 2023
Incentivized testnet phase 1.
First half of 2024
Incentivized testnet phase 2.
Audit.
Second half year 2024
Mainnet deployment.
Integration with MANTRA Finance.
The program encourages bug finding.
Plans for later
Development of sponsorship funds.
Develop developer portal.
MANTRA Chain development team
MANTRA Chain's management team includes experienced experts from a variety of fields, from digital assets to banking and trading, from leading organizations such as PwC, BAML, Citigroup, Standard & Poor's and Credit Suisse.
Co-founder of MANTRA Chain
Investors and development partners
MANTRA Chain has succeeded in raising Capital up to 11 million USD . Strong support from leading investors in the Middle East - North Africa (MENA) region has helped this project achieve its Capital mobilization target. The Capital will be used to expand operations in the MENA and Asia regions and create a safe and stable real-world asset trading environment.
RWA MANTRA Chain platform raises Capital of 11 million USD
Partners
MANTRA Chain's broadcast partners
summary
Through the above article of Coin68, it can be seen that MANTRA Chain is a project built with full commitment and clear goals, aiming to create a decentralized financial market, combining blockchain technology to create a platform full of potential.
Besides, with a focus on building real-world infrastructure and assets, the project brings users and developers a secure, transparent and compliant market, providing financial solutions innovation itself. Through the article, we hope Coin68 has given readers the most general perspective on the project as well as its features.
Note: The information in the article should not be XEM investment advice. Coin68 is not responsible for any of your investment decisions.
