MANTRA (MANTRA) Price

Mantra (MANTRA) is the native staking coin of MANTRA Chain, an EVM-compatible Layer 1 blockchain focused on DeFi and real world asset tokenization with compliance-oriented design goals. The token traces back to OM, which the project says launched in 2020 as an ERC-20 token on Ethereum with a hard cap of 888,888,888. MANTRA Chain documentation says OM became the chain’s native staking coin and later underwent a 1:4 redenomination with a ticker transition where 1 OM became 4 MANTRA and the maximum hard cap became 10,000,000,000 MANTRA.

Mantra is the native staking coin of MANTRA Chain, an EVM-compatible Layer 1 blockchain that the project positions around real world asset tokenization and compliance-ready infrastructure.

The MANTRA token traces back to OM, which the project says launched in 2020 as an ERC-20 token on Ethereum with a hard cap supply of 888,888,888. The project later built MANTRA Chain and adopted OM as the chain’s native staking coin following a community proposal.

Initially built on Rio Chain, a Substrate-based blockchain designed for compatibility with the Polkadot ecosystem, MANTRA aims to address limitations in existing DeFi platforms, such as interoperability and governance inefficiencies. MANTRA’s infrastructure incorporates tools to support decentralised identity (DID), Know Your Customer (KYC), and Anti-Money Laundering (AML) compliance.

The network’s token underwent a ticker transition and redenomination tied to a 1:4 token split where 1 OM became 4 MANTRA and the maximum hard cap became 10,000,000,000 MANTRA.

MANTRA Chain documentation describes the token as the network’s native staking coin used within the chain’s proof-of-stake security model, with different applications.

Governance: MANTRA holders can vote on proposals that affect the MANTRA ecosystem. Proposals may relate to economic parameters, platform development, new asset support, or DAO operations.

Staking: Users can stake MANTRA directly or through derivative tokens (e.g., omDOT), with rewards based on performance and engagement.

Lending and Collateral: MANTRA is used within MANTRA's lending systems and can be pledged as collateral for loans.

Access to MANTRA POOL: MANTRA must be burned to participate in weekly MANTRA POOL drawings, which distribute staking rewards.

The project also describes MANTRA Chain as targeting DeFi and RWA tokenization, with cross-chain interoperability and support for both permissionless and permissioned application designs that can align with regulatory requirements.