RWA (Real World Assets) tokenization is seen as the next wealth growth point in the cryptocurrency field. It serves as a bridge connecting traditional finance and the cryptocurrency world, with the potential to cover tens of trillions of dollars in asset markets. Despite facing technical, regulatory, and market challenges, the RWA project is gradually gaining widespread attention. MANTRA is a Cosmos SDK based on the L1 blockchain, dedicated to bridging the compliance gap in the Cosmos ecosystem. The project is positioned as a "blockchain for tokenized RWAs and regulated digital assets." MANTRA provides a high-performance, scalable blockchain architecture that supports applications that are less permissioned but regulated and compliant.
On November 5th, 2024 at 16:00 (UTC + 8), MANTRA logged into The First spot area and opened the OM/USDT spot trading pair. What is RWA? What does MANTRA do? What investment potential does it have? Today, let me interpret MANTRA's basic information, token information, restructured ecosystem, and future development direction together.
What is MANTRA?
On November 6th, MANTRA was launched in The First spot area. MANTRA (OM) is a vertically integrated and compliant blockchain ecosystem, including MANTRA nodes, MANTRA Chain, and MANTRA Finance. The project aims to provide global users with various products and services such as retail staking, institutional delegation, node management, and DeFi services, thereby bringing the world's financial ecosystem into the blockchain system.
MANTRA Chain is built on top of the Cosmos SDK and is also striving to build a protocol layer that supports various regulated activities, including on-chain identity recognition, authorized access to products, and connection to the legal currency/banking world through import/export. MANTRA Chain was developed for this specific purpose: to allow permissionless construction of Web3 applications on high-performance, scalable blockchain architecture, while also having a toolkit for building regulated, compliant, and permissioned applications.
MANTRA nodes are the cornerstone of the vertically integrated stack, laying the foundation for OMniverse. Its service scope includes retail staking, institutional delegation, node management, and white label validator operations.
MANTRA Finance is a globally regulated DeFi platform that aims to bring the speed and transparency of DeFi to the traditional financial sector. Users can trade, publish digital assets and tokenized securities in non-custodial and peer-to-peer systems, and profit from them.
II. MANTRA operation logic
Mantra Chain goes beyond the scope of traditional blockchain platforms and aspires to become a Web3 application development cornerstone that integrates high performance and wide applicability. With the powerful architecture of Cosmos SDK, Mantra Chain not only demonstrates excellent scalability and interoperability, laying a solid foundation for building an ecosystem that can seamlessly connect with the global blockchain network, but also achieves secure communication and asset free flow with other blockchains through Cosmos' IBC protocol, greatly expanding its application boundaries and client base.
On top of this, Mantra Chain has carefully crafted a series of innovative products and features, weaving together into a comprehensive and powerful ecosystem.
MANTRA Compliance: This solution provides a comprehensive set of tools and services to help Web3 platforms easily deal with various regulatory challenges related to cryptocurrency trading and financial activities. From KYC/KYB verification, AML/sanction screening to transaction monitoring, it ensures the compliance and security of the platform in all aspects, and builds a trustworthy environment for users.
MANTRA Token Service (MTS): As a powerful and flexible SDK, MTS empowers Web3 enterprises to easily create, publish, distribute, and manage custom digital assets on the Mantra network, opening up unlimited possibilities for asset digitization and financial innovation.
MANTRA Assets: With the powerful functions of MTS SDK, MANTRA Assets provides a convenient dApp publishing platform for physical assets, enabling real-world assets to be securely and compliantly converted into digital tokens. Through precise access control and permission management, asset management and usage become more efficient and secure, providing users with an unprecedented digital asset experience.
MANTRA DEX: Utilizing the unique advantages of the Cosmos ecosystem, combined with Automated Market Maker (AMM) technology and cross-chain compatibility, MANTRA DEX has created a fast, secure, and efficient trading platform for users, focusing on the flow of real-world assets. It not only promotes the widespread circulation of assets, but also ensures transparency and fairness of transactions, opening up a new value exchange space for investors.
Each product in Mantra Chain and its ecosystem is a profound interpretation of innovation and compliance in the Web3 era, jointly drawing a new blueprint for the future integration of finance and technology.
MANTRA team and financing information
The MANTRA DAO team brings together elites from the blockchain and finance fields, with its core leadership led by experienced CEOs such as John Patrick Mullin. Team members have deep accumulation and outstanding achievements in blockchain technology research and development, Financial Services innovation, and entrepreneurial project management.
In terms of capital injection, MANTRA successfully completed a financing round of up to $11 million in March this year, led by Shorooq Partners, a well-known venture capital firm in the Middle East and North Africa. This funding will strongly promote MANTRA's real-world asset tokenization solution globally and accelerate the further development of its blockchain technology and ecosystem.
Following that, in May, MANTRA announced a new round of strategic financing, with participation from Laser Digital, a digital asset subsidiary of global Financial Services giant Nomura Securities. This round of financing aims to accelerate MANTRA's construction of the RWA Layer 1 blockchain in the Middle East and Asian markets, in order to further consolidate its leading position in the global blockchain field. Although the specific financing amount and valuation details have not been disclosed, this news undoubtedly injects strong momentum into MANTRA's future development.
IV. MANTRA Token Economics
OM is the native token of the Mantra ecosystem. It has the following main uses: Users can stake OM tokens to participate in various DeFi activities on the Mantra platform, including lending and earning rewards. By staking OM, users can access various financial tools and services on the platform and enjoy related economic incentives.
OM token holders have the right to vote on proposals that affect the future development of Mantra. This means that users holding OM tokens can participate in the platform's governance process, vote on proposals, and express their opinions on the platform's development direction.
The total token supply of MANTRA DAO is 888,888,888 OM. Among them, 75.6 million OM (8.5%) was sold during the pre-sale and "initial member sale" period starting in July 2020. Another 80 million (9%) was allocated to private publishers with a six-month vesting period.
The remaining token allocation is as follows:
Teams and consultants: 17.5% (155.60 million OM)
Staking reward: 30% (266.70 million OM)
Funding Referral Program: 12.5% (111.10 million OM)
Reserve: 10% (88.90 million OM)
Funding Agreement Development Plan: 12.5% (111.10 million OM)
V. OM market investment value
Currently, the market value of OM is around 840 million USD, with a token circulation of 93.45%. Compared to VC coins with high valuations and low circulation, the OM market holds more dispersed chips. OM is in the market's favored track of "compliance" and "real-world asset (RWA) ", and has been widely favored by traditional Financial Institutions. The digitization of real-world assets supported by MANTRA Chain also meets the demand for compliance and transparency. With more traditional assets entering the blockchain field, the market demand for OM will inevitably increase further, and it will have more market speculation value.
Previously, some media reports pointed out that the regulated Zand Bank in the UAE is also working closely with Mantra to promote the tokenization process of real estate assets. This series of important partnerships undoubtedly further confirms Mantra's leading position in the RWA track and may be one of the key factors driving the recent strong performance of its OM token.
OM has won the favor and recognition of many institutions with its unique and forward-looking concept. At the same time, Mantra's partners not only have extraordinary strength, but also have long-term development potential, which lays a solid foundation for the future development of Mantra and its OM token, and indicates that it may have broader market prospects and growth space. Currently, The First has opened up the deposit and withdrawal of OM tokens, and provides spot and contract trading pairs for users to choose freely. Users can register and easily trade OM.