MANTRA Review: Layer 1 supports Real World Assets

May 30, 2024 - Around 6 mins mins to read

MANTRA Chain is a Layer 1 blockchain within the MATRA OMniverse ecosystem. Leveraging the Cosmos SDK, it creates a secure and transparent marketplace for encrypting, investing, and trading real-world assets. It’s a secure Blockchain Layer 1 using BFT protocol tech like Tendermint, meeting all regulatory requirements for Web3 app development without legal hurdles.

MANTRA Review: Layer 1 supports Real World Assets

Table Of Contents

What is MANTRA?
Main Feature of MANTRA
MANTRA OMniverse
Tokenomics and Use Case
Team and Investors
Roadmap
Conclusion
FAQs

What is MANTRA?

MANTRA Chain is the Layer 1 blockchain of MANTRA OMniverse. The tokenization of both digital and real-world assets is done on this chain. This project intends to deliver a simple and user-friendly blockchain experience for all, especially for crypto market newbies.

It uses standardized modules to support decentralized applications and Real World Assets integrations. It’s a secure Blockchain Layer 1 using BFT protocol tech like Tendermint, meeting regulatory standards for Web3 app development without legal hurdles.

Main Feature of MANTRA

Guard Module: Tap into the verified on-chain users and dApps powered by DIDs, which enable smooth identity verification across dApps on IBC.
Empower Developers & Users: Reduced costs and complication in projects and for retail users.
Know Your Counterparty: Product launch to an already pre-KYC/AML screened audience.
Build on Battle-Tested Chain: Greater trust, transparency, and security offered by Cosmos SDK.
Low Cost & Fast: Optimized transactions both on-chain and cross-chain powered by Internet of Blockchains (IBC).

MANTRA OMniverse

MANTRA OMniverse is vertically developed as a blockchain ecosystem that blends in the diversity and inclusiveness of all. The goal was to develop a personalized, secure, and innovative cryptocurrency market for both individual and institutional investors. It contains four major components:

MANTRA DAO: It acts as a control center for community proposals and decisions, which expand the participation into the wider audience and make transparent mechanisms for various projects and protocols.

MANTRA Nodes: With this component, the basis for vertical expansion of the ecosystem, revenue generation, and the spread of community ownership across different blockchains are created.

MANTRA Chain: A Layer 1 blockchain with the utilization of Cosmos SDK technology, it is interoperable with other blockchains and uses DID modules for KYC & AML needs.

MANTRA Finance: A DeFi, which facilitates seamless connectivity to TradFi, allows transactions, issuance of assets, and profits from digital assets in a permanent and permissionless way.

Tokenomics and Use Case

Token metrics

Ticker: OM
Total supply: 888.888.888

Token Allocation

Staking Rewards: 30.00%
Team & Advisors: 17.50%
Referrals: 12.50%
Grants: 12.50%
Reserves: 10.00%
Private Round: 9.00%
Public Sale: 8.50%

Use Case

Governance: By staking OM, investors will have the ability to submit proposals, vote on governance, and propose developments on multiple products within the OMniverse.
Staking: Users can stake OM to receive rewards directly through the MANTRA web application.
Airdrop opportunities: Stakeholders of OM will enjoy priority access to new DAO token releases and airdrop rewards from partner DAO tokens.

Where to Buy OM token?

Currently, you can trade $OM at

CEX: Binance, OKX, Bybit
DEX: Uniswap, QuickSwap

Team and Investors

Team

There is also an experienced management team leading the MANTRA Chain, where most of them have diverse backgrounds in digital assets, banking, and trading. They have extensive experience working with some renowned organizations like PwC, BAML, Citigroup, Standard & Poor’s, and Credit Suisse.

John Patrick Mullin is the Co-Founder, a FinTech entrepreneur, investor, and educator with experience in traditional investment banking and Web3 startups such as MANTRA & SOMA.finance.

Jayant Ramanand is the Co-Founder, a blockchain expert, educator, and entrepreneur with 10-plus years of experience in building bridges between emerging technologies and the global capital market. Before Hex Trust & S&P Global.

Charu Pareek, Head of Product, is an accomplished product manager and consultant with experience in delivering innovative digital solutions across global banking institutions. Worked at HSBC.

Investor and partners

MANTRA Chain has raised a total of 11 million USD and an undisclosed amount in an earlier round. Great support from leading investors in the MENA region helped the project to achieve its fundraising goals. The money will be used to enlarge activities in the MENA and Asia regions by creating a secure and reliable platform for trading real-world assets. The list of investors includes such prominent names as Forte, LD Capital, and Moonrock Capital.

Roadmap

July 2023

Testnet for developers.

September 2023

Private testnet.

November 2023

Incentivised testnet phase 1.

First half of 2024

Incentivised testnet phase 2.
Audit.

Second half of 2024

Mainnet launch.
Integration with MANTRA Finance.
Bug bounty program.

Future plans

Development of a funding pool.
Development of a developer portal.

Conclusion

MANTRA Chain is a project with great dedication and a clear objective to be the very first Layer 1 supporting Real World Assets from the start, capable of attracting huge flows of capital coming from Traditional Finance.

CoinCu views this project as very promising in the RWA sector, since it is the first Layer 1 platform that goes on focusing on this domain. The first layer represents the basic layer; it may be the place attracting the most money when the RWA trend arrives.

FAQs

1. How does Mantra Chain ensure that the tokenized assets are compliant with regulatory requirements?

Mantra Chain has an inbuilt strong framework in respect of regulatory compliance. This includes Know Your Customer (KYC) and Anti-Money Laundering. This ensures all transactions and offerings of tokens are held to a high standard of regulation, making the engagement of institutional and individual investors safer in their dealings with tokenized assets.

2. What sets Mantra Chain apart within the Cosmos ecosystem?

Mantra Chain stands out in the Cosmos ecosystem due to its specialization in RWAs and commitment to being fully compliant with all regulations. Unlike other chains, Mantra Chain is a unique module layer created to host the functionality of both creating and managing these tokenized RWAs. This focus allows users and institutions to digitize and trade real-world assets in a secure and compliant environment.

3. How does Mantra Chain leverage the power of the Cosmos SDK to enhance its blockchain capabilities?

Mantra Chain is based on the Cosmos SDK, a modular framework that allows developers to build highly customized blockchains. By integrating with Cosmos SDK, Mantra Chain inherits several advantages, such as easy interoperability through the Inter-Blockchain Communication protocol, which bridges seamless interaction with other blockchains within the Cosmos ecosystem. In addition, the use of Tendermint consensus enhances security and scalability features, ensuring that the platform can efficiently process a large number of transactions without sacrificing strong security measures.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Blockchain, Knowledge