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Mantra DAO update: OM Live price, price chart, news and markets
Mantra DAO Price Chart Update [OM]
Mantra DAO Price Update Today
About Mantra DAO
Mantra DAO: A Decentralized Finance Platform
Mantra DAO is a decentralized finance platform that focuses on staking, lending, and decentralized governance. It is built on the RioChain blockchain and will be connected with Polkadot, making it an ecosystem for Web 3.0.
The platform utilizes the OM token for staking, lending, and governance. While it plans to migrate to the Polkadot network, the token is currently issued on the Ethereum blockchain.
Mantra DAO was announced in June 2020 and went live with its staking feature in October 2020.
The Founders of Mantra DAO
Mantra DAO was developed by the co-founders of RioDeFi, John Patrick Mullin and Will Corkin, along with Rodrigo Quan Miranda. Mullin has experience in fintech research and blockchain tech, while Corkin has a background in business development. Miranda has a history in blockchain research and development and investment banking.
Mullin, Corkin, and Miranda, along with RioDeFi CEO James Anderson and CMO Stephane Laurent Villedieu, form the founding council of Mantra DAO.
Unique Features of Mantra DAO
Mantra DAO stands out with its unique features. It is built on RioChain and connected with Polkadot, offering multiasset staking, lending, and borrowing. It operates Mantra Pool, which gives away 25% of the foundation's staking rewards. Additionally, it uses a "karma" protocol that assigns scores to network participants based on their contributions.
The ecosystem is powered by the OM token, which is used for governance, staking, and lending. OM token holders receive an estimated 88.8% annualized reward for staking on the platform. The token was initially issued as an ERC-20 token but will eventually migrate to the Polkadot network.
The Circulation of Mantra DAO (OM) Coin
Mantra DAO has a total token supply of 888,888,888 OM. A portion of the tokens were sold during a presale and "initial membership offering." The remaining tokens are allocated for the team and advisors, staking rewards, funding referral programs, reserves, and grants for protocol development initiatives.
Users are required to send 1 OM to a Mantra DAO-controlled wallet to enter the Mantra Pool, but the tokens are not planned to be burned.
Ensuring Network Security of Mantra DAO
The OM governance token is an ERC-20 token issued on the Ethereum blockchain, which ensures the security of the Mantra DAO network.
Related Pages:
Learn about Compound, another major DeFi lending platform.
Learn about Maker, the governance token of another decentralized autonomous organization, MakerDAO.
Curious about yield farming? Read an in-depth explanation on Alexandria, CoinMarketCap's online educational resource.
Stay up to date on the latest developments in the DeFi sector with the CoinMarketCap Blog.
| # | Exchange | Pair | Price | Volume | Mkt Share | Recommend | |
|---|---|---|---|---|---|---|---|
| 1 |
|
Binance | OM/USDT | $3.67 | $28,737,822 | 36.06% |
|
| 2 |
|
DigiFinex | OM/USDT | $3.68 | $11,554,402 | 14.5% |
|
| 3 |
|
Gate.io | OM/USDT | $3.67 | $7,224,017 | 9.07% |
|
| 4 |
|
OKX | OM/USDT | $3.67 | $6,598,915 | 8.28% |
|
| 5 |
|
WhiteBIT | OM/USDT | $3.67 | $3,415,594 | 4.29% |
|
| 6 |
|
KuCoin | OM/USDT | $3.67 | $991,417 | 1.24% |
|
| 7 |
|
Binance | OM/TRY | $3.71 | $818,252 | 1.03% |
|
| 8 |
|
Uniswap v2 (Ethereum) | OM/WETH | $3.68 | $687,692 | 0.86% |
|
| 9 |
|
Bitget | OM/USDT | $3.67 | $360,844 | 0.45% |
|
| 10 |
|
Binance | OM/BTC | $3.66 | $265,495 | 0.33% |
|
| 11 |
|
BitMart | OM/USDT | $3.67 | $209,629 | 0.26% |
|
| 12 |
|
Uniswap v2 (Polygon) | OM/WETH | $3.67 | $145,699 | 0.18% |
|
| 13 |
|
Coinone | OM/KRW | $3.83 | $68,785 | 0.09% |
|
| 14 |
|
OKX | OM/USDC | $3.67 | $20,048 | 0.03% |
|
| 15 |
|
Uniswap v3 (Base) | OM/WETH | $3.70 | $11,065 | 0.01% |
|
| 16 |
|
KuCoin | OM/BTC | $3.72 | $11,028 | 0.01% |
|
| 17 |
|
Uniswap v3 (Ethereum) | OM/WETH | $3.70 | $8,526 | 0.01% |
|
| 18 |
|
0x Protocol | OM/DAI | $3.67 | $4,951 | 0.01% |
|
| 19 |
|
0x Protocol | DAI/OM | $3.67 | $4,763 | 0.01% |
|
| 20 |
|
Gate.io | OM/ETH | $3.69 | $2,280 | 0% |
|
| 21 |
|
0x Protocol | OM/USDC | $3.73 | $1,382 | 0% |
|
| 22 |
|
0x Protocol | USDC/OM | $3.70 | $1,373 | 0% |
|
| 23 |
|
Gate.io | OM/TRY | $3.73 | $1,262 | 0% |
|
| 24 |
|
Quickswap | OM/WETH | $3.83 | $1,073 | 0% |
|
| 25 |
|
Quickswap | WETH/OM | $3.67 | $1,028 | 0% |
|
| 26 |
|
0x Protocol | OM/WETH | $3.73 | $1,002 | 0% |
|
| 27 |
|
0x Protocol | WETH/OM | $3.67 | $985 | 0% |
|
| 28 |
|
Uniswap v2 (Polygon) | OM/QUICK | $3.69 | $916 | 0% |
|
| 29 |
|
Uniswap v2 (Ethereum) | KABOSU/OM | $3.68 | $334 | 0% |
|
| 30 |
|
Uniswap v2 (BSC) | OM/WBNB | $3.70 | $296 | 0% |
|
| 31 |
|
Uniswap v2 (Polygon) | OM/WMATIC | $3.40 | $79 | 0% |
|
| 32 |
|
Uniswap v2 (Polygon) | OM/USDCE | $3.63 | $54 | 0% |
|
| 33 |
|
XT.COM | OM/USDT | $3.67 | $7,219,490 | 9.06% | |
| 34 |
|
BTSE | OM/USDT | $3.67 | $2,620,859 | 3.29% | |
| 35 |
|
BTSE | OM/USD | $3.66 | $2,070,418 | 2.6% | |
| 36 |
|
LBank | OM/USDT | $3.67 | $1,995,998 | 2.5% | |
| 37 |
|
LATOKEN | OM/USDT | $3.67 | $1,415,115 | 1.78% | |
| 38 |
|
BingX | OM/USDT | $3.67 | $822,365 | 1.03% | |
| 39 |
|
BYDFi | OM/USDT | $3.66 | $621,994 | 0.78% | |
| 40 |
|
Bitvavo | OM/EUR | $3.67 | $451,483 | 0.57% | |
| 41 |
|
Bitrue | OM/USDT | $3.68 | $414,687 | 0.52% | |
| 42 |
|
CoinEx | OM/USDT | $3.67 | $302,037 | 0.38% | |
| 43 |
|
CoinW | OM/USDT | $3.67 | $172,521 | 0.22% | |
| 44 |
|
AscendEX (BitMax) | OM/USDT | $3.67 | $158,738 | 0.2% | |
| 45 |
|
BTSE | OM/USDC | $3.66 | $138,762 | 0.17% | |
| 46 |
|
Uniswap v2 (Base) | OM/WETH | $3.71 | $103,447 | 0.13% | |
| 47 |
|
CoinDCX | OM/INR | $4.10 | $12,477 | 0.02% | |
| 48 |
|
Indodax | OM/IDR | $3.68 | $7,142 | 0.01% | |
| 49 |
|
Mudrex | OM/USDT | $3.67 | $4,260 | 0.01% | |
| 50 |
|
Uniswap v3 (Polygon) | OM/WMATIC | $3.62 | $4,247 | 0.01% |
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