Discover MANTRA Chain, a pioneering Layer 1 blockchain fostering regulatory-compliant tokenization of real-world and encrypted assets. Built on Cosmos SDK with BFT protocols, it offers secure, scalable infrastructure for Web3 applications. Explore its unique features and learn how to stake $OM for rewards and governance participation.
What is MANTRA Chain?
MANTRA Chain is a Layer 1 blockchain within the MANTRA OMniverse ecosystem developed to provide infrastructure for tokenizing real-world assets (RWAs) and encrypted assets. Built on the Cosmos SDK platform, this project aims to attract users, especially those new to the crypto market.
MANTRA Chain is developed with standardized modules to leverage licenses from regulatory agencies, targeting users and developers interested in building decentralized applications integrated with Real World Assets (RWAs) within a compliant and transparent market.
This Layer 1 blockchain utilizes BFT protocol technologies such as Tendermint to provide a secure, high-performance system that complies with increasingly stringent regulatory requirements. This facilitates the development of Web3 applications without legal obstacles and supports scalability in compliance with regulations.
Learn more about MANTRA Chain.
What makes MANTRA Chain Special?
- Regulatory Compliance: Mantra Chain is specifically designed to provide a regulatory-compliant marketplace for tokenizing real-world and encrypted assets. This helps attract users from various countries, especially those who have not yet participated in the crypto market.
- Utilization of BFT Protocol Technology: By utilizing Byzantine fault-tolerant (BFT) protocol technologies like Tendermint, Mantra Chain offers a secure, high-performance system that meets increasingly stringent regulatory requirements.
- Interoperability: It enables token transfer from one region to another safely through Cosmos Hub without the need for exchanges or third parties.
- Web3 Application Market: This blockchain aims to create a conducive market for developing DeFi and Web3 applications within a compliant and transparent environment. This attracts developers and users looking to build products with safety and legal compliance in mind.
What is staking on MANTRA?
To express our gratitude to the MANTRA community for their continued support, 35% of newly issued mainnet tokens will be rewarded to OM stakers as part of the next generation of OM tokenomics. Stakers can earn up to a 1.35x multiplier on staked OM — based on staking time and amount of staked OM. Stakers can also benefit from:
- Governance Participation: OM stakers can vote on DAO proposals as part of the MANTRA governance system, allowing them to contribute to decision-making processes.
- DAO Token Access/ Airdrop Incentives: OM stakers get special access to new ecosystem token issuances as well as partnering DAO token airdrops.
$OM is listed on various top exchanges, to know more visit CoinMarketCap.
How to Stake $OM
Step 1: Access MANTRA Staking Platform
First visit MANTRA Finance to access the MANTRA Staking platform.
Step 2: Complete Sign Up and KYC
Register with your preferred email ID and complete the sign up and KYC onboarding process by fulfilling the necessary requirements. Follow this LINK or click on the Sign Up button on the top right corner of the homepage.
Step 3: Navigate to Staking Section
Once you have logged in after completing your onboarding and KYC process, select the preferred network to stake your $OM. Connect your wallet for the selected network.
Step 4: Choose Staking Amount
Enter the amount of $OM tokens you want to stake. You may choose a specific amount or easily choose to stake 50% or 100% percentage of your total OM holdings. Consider the staking duration and potential rewards.
Step 5: Review and Confirm
Review your staking details, including the amount and duration. Once everything is correct, click on “Stake Now” or a similar button to proceed.
Step 6: Earn Rewards with Successful Staking!
Once you’ve confirmed the transaction, kudos! You have now officially staked $OM on MANTRA. You’ll start earning daily rewards based on your staked OM Tokens.
Conclusion
MANTRA Chain is a groundbreaking Layer 1 blockchain designed for tokenizing real-world and encrypted assets within a regulatory-compliant framework. Built on the Cosmos SDK and utilizing BFT protocols like Tendermint, it ensures high performance, security, and scalability for Web3 applications. Its unique features, such as interoperability and a transparent market for DeFi, make it appealing to developers and users alike.
Staking $OM on MANTRA offers substantial rewards, governance participation, and exclusive airdrops, enhancing community involvement. MANTRA Chain successfully bridges traditional and decentralized finance, setting new standards for compliance and innovation in the blockchain space.
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