MANTRA DAO is also a DeFi Platform which is community governed platform with decentralized ecosystem for web 3.0. In simple MANTRA DAO is Targeting Staking, Lending and Governance. MANTRA DAO is built on RIO Chain it interoperable with Polkadot network (Polkadot is used to operate multiple blockchains) MANTRA DAO had its own Native Token (i.e.,) OM Token.
MANTRA DAO NOTABLE FEATURES
- STAKING
- LENDING
- GOVERNANCE
- BORROW
- KARMA PROTOCOL
- MANTRA POOL
STAKING
Mantra DAO Staking platform is officially launched and over 50 Million OM tokens are staked with 2800+ unique wallet address. Staking Rewards with 88.88% APR you can also stake your OM in Bithumb and Bitmax. and right now Rfuel staking rewards is at 50% APR. also Buy Staking OM Tokens in Mantra Dao Native Platform you will Recieve airdrops too. a tweet from Mantra Dao offcial page states that $Quick $Bond tokens will be airdropped to those who staked there OM tokens in Mantra DAO Staking Platform.
LENDING
Lend Your Crypto Assets to other users and Earn Interest for that. the feature is in Roadmap event we have to wait some more weeks to enjoy this feature.
GOVERNANCE
Mantra DAO (Decentralized Autonomous Organization) governance system run by organization members in a clear, transparent manner. Individuals more control over decisions, they also enable the community to share in the organization’s success, similar to a Cooperative. In MANTRA DAO system, the rewards are distributed with its native OM token. Those Who Hold the OM token will have the voting rights and also the governance rights
BORROW
You can Deposit Your various Crypto Assets as Collateral and get a Instant Loan in Stable coins we have to wait some more weeks to enjoy this feature.
KARMA Protocol
This protocol acts like Credit Score system based on your contribution the Ecosystem of MANTRA DAO. (staking, taking loans and repaying it on time, voting proposals, joining in MANTRA POOL, Reffering Friends to grow the community more, Receiving Grants These are some facts which decides the KARMA SCORE)
MANTRA POOL
Here we can check our luck a type of savings game it will give a chance the members of MANTRA to win Crypto currencies. also in roadmap have to wait to access this feature
TOKENOMICS
The Total Supply of OM Token is 888,888,888
- Out of this Total Supply 30% (i.e) 266,666,666 is allocated for Staking Rewards so dont forget to Stake and Enjoy your Profits in Return.
- But MANTRA DAO also adopts burning mechanism to reduce the supply the OM tokens which is used to pay Interest for borrowing will be collected to MANTRA DAO BURN WALLET. the burn process goes upto 50% of Total supply so finally 50% of total supply will be remain in circulation.
Still lot of features to enable by roadmap if Mantra DAO implements the features as per Roadmap there is no doubts on Mantra's huge success. and Finally Stake your OM and Get your Rewards at 88.88% APR.
Reach us :
Telegram : https://t.me/Crypto_Rays
Twitter : https://twitter.com/Crypto_Rays
