Explore MANTRA Chain, a Layer 1 blockchain built for tokenizing real-world assets and ensuring regulatory compliance. Learn about MANTRA Chain’s features, compliance modules, token services, and the DeFi hub MANTRA DEX, leveraging the Cosmos ecosystem for secure and efficient asset trading. Get insights on the $OM token airdrop and how to participate.

What is MANTRA Chain?

MANTRA Chain is a Layer 1 blockchain integrated within the MANTRA OMniverse ecosystem, created to offer robust infrastructure for tokenizing both real-world and encrypted assets. Utilizing the Cosmos SDK platform, this initiative is especially designed to attract new users to the crypto market.

MANTRA Chain employs standardized modules to leverage licenses from regulatory bodies, making it an ideal choice for users and developers keen on building decentralized applications that incorporate Real World Assets (RWAs) within a compliant and transparent marketplace.

This blockchain utilizes Byzantine Fault Tolerance (BFT) protocol technologies, such as Tendermint, ensuring a secure, high-performance system that adheres to strict regulatory requirements. This feature facilitates the development of Web3 applications without legal hindrances and supports scalability within regulatory frameworks.

Learn more about Mantra Chain.

What is MANTRA OMniverse?

MANTRA OMniverse is a comprehensive blockchain ecosystem that offers both diversity and depth. It aims to create a secure, personalized, and innovative cryptocurrency market for individual and institutional investors. The ecosystem includes four primary components:

• MANTRA DAO: This serves as the central hub for managing community proposals and decisions, fostering wider community participation, and providing transparent governance mechanisms for other projects and protocols.
• MANTRA Nodes: This feature offers the infrastructure for vertically expanding the ecosystem, generating revenue, and extending community ownership across multiple blockchains.
• MANTRA Chain: A Layer 1 blockchain developed using Cosmos SDK technology, compatible with other blockchains, and incorporating DID modules for KYC and AML requirements.
• MANTRA Finance: A DeFi platform that interacts and integrates with TradFi, allowing trading, issuance, and earning from digital assets in a seamless and permissionless manner.

Main features of MANTRA chain

Real World Asset Tokenization

MANTRA Chain is designed to enable on-chain tokenization of RWAs. With an anticipated valuation of $16 trillion by 2030, tokenization of RWAs is essential for bridging TradFi and DeFi.

Security and Compliance

As a security-first Layer 1 blockchain, MANTRA Chain adheres to regulations and compliance frameworks, addressing the current ecosystem’s challenges of compliance and fragmented liquidity.

Technical Architecture

Built on the Cosmos SDK, MANTRA Chain provides a modular, scalable, and interoperable infrastructure for developers to create dApps and protocols, supported by the Inter-Blockchain Communication (IBC) Protocol.

Ecosystem and Governance

Integrating MANTRA Finance, MANTRA DAO, and MANTRA Chain into the Omniverse ecosystem, the platform emphasizes regulatory compliance, community engagement, and on-chain governance.

How to get the MANTRA Chain ($OM) token airdrop?

Here’s a step-by-step guide to participating in the MANTRA Chain ($OM) token airdrop:

Time needed: 1 hour

STEP 1: Sign up for the Hongbai Incentivized Testnet

The Hongbai Incentivized Testnet will go live soon.

Sign up for the waitlist HERE.

STEP 2: Stay tuned for updates

Follow MANTRA on Twitter to stay updated on their latest news on the incentivized testnet will go live.

STEP 3: Stake $ATOM

JP Mullin mentioned after in an interview that $ATOM stakers could potentially qualify for the $OM token airdrop.

However, the official eligibility criteria has not been officially announced yet. To stake $ATOM tokens with a Keplr wallet, go to the Keplr Dashboard. There, you can stake your $ATOM on the Cosmos Hub.

STEP 4: Hold specific NFTS

JP Mullin also revealed that holding certain NFTs such as Bad Kids and Pudgy Penguins may potentially qualify you for the $OM token airdrop.

STEP 5: Participate in $OM staking pools on MANTRA DAO and MANTRAFinance

Stake $OM tokens in the staking pools on MANTRA DAO and MANTRA Finance. This is to increase your chances of qualifying for the airdrop.

There is currently a 1.35x multiplier for $OM stakers on these platforms. MANTRA DAO will discontinue $OM staking by 31st March 2024

STEP 6: Complete Galxe quests

Connect your wallet to the MANTRA Chain Galxe Page. Complete the social tasks and quiz.

Here are the answers to the MANTRA Chain Glaxe Quiz 1: C (Cosmos), A (Real estate), D (Financing terrorism).

Conclusion

MANTRA Chain represents more than just a conventional blockchain project; it embodies a clear vision towards building a decentralized financial market. By integrating blockchain technology and focusing on infrastructure and real-world assets, this project offers a platform with significant potential.

We hope this guide helps you stay connected to this innovative chain!

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