What is MANTRA ($OM)?

Traditional finance won’t die, it will be moved on-chain. Real World Assets (RWAs) will soon be completely tokenized and tradable as digital assets. The problem is, we need a home for all of these tokenized RWAs and that’s why we’re going to take a deep dive into the MANTRA Chain.

What is MANTRA ($OM)?

MANTRA is a Layer 1 Proof-of-Stake (PoS) permissionless blockchain focused on permissioned apps and the tokenization of Real World Assets (RWA). The mission is simple, become the primary hub of RWAs for individuals, institutions and developers both in and out of Web3.

RWAs such as real estate, commodities, art, bonds and more can easily be tokenized or fractionalized using the MANTRA chain. Simply put, institutions can make any #RWA into a digital asset that can be traded on MANTRA’s native decentralized exchange (DEX).

How Does MANTRA Work?

The MANTRA chain requires users to complete effortless KYC procedures with their unique Decentralized ID (DID) system that utilizes Soulbound NFTs unique to each individual for stronger identity verification and easier KYC and AML compliance; only one form of ID is required.

Nonetheless, the MANTRA Chain is an IBC-enabled network allowing users, institutions and developers to seamlessly transfer tokens between different IBC-enabled networks across the expansive Cosmos ecosystem. Interoperability is key in the world of DeFi.

MANTRA Ecosystem

MANTRA is building and integrating an enriched ecosystem of RWA-focused dApps and has already partnered with major protocols such as Ondo Finance, RWA, Stride and many more. Native to the ecosystem is also the MANTRA DEX which allows for all native tokens and RWAs to be exchanged, traded or even supplied into liquidity pools.

To further progress the development of the MANTRA ecosystem, they created the MANTRA Incubator which has already seen the creation of three innovative RWA protocols including Pyse, Estate Protocol, Mansa Finance and more to come…

MANTRA Token ($OM)

Powering the entire network and ecosystem is the native token $OM which has many use cases such as being used as the gas token to pay for transactional fees on the network, both staking $OM as either a Validator or Delegator to secure the PoS network, accessing the Guard Module which allows users to stake $OM to access dApps and of course to govern the entire protocol through proposals.

Conclusion

According to CoinMarketCap, at the time of writing, $OM is currently trading at $0.83 with a market cap of $690.84M, ranking it the 96th largest crypto by market cap. Very recently in June this year, $OM broke its previous ATH of the last bull run and spiked to a price of $1.09.

As we enter a tokenized world, RWA-focused protocols and networks will thrive and draw in trillions of dollars from the outdated traditional world of finance and move it into the future, the blockchain. The question is, who will be the blockchain home of Real World Assets, could it be the MANTRA Chain?