Mantra DAO is a set of financial solutions built on compatible technologies and controlled by all users. All the elements in this system are fully integrated. With the help of its users, the creators were able to create a structure for Web 3.0 that is not dependent on one place and provides transparency. Their mission is to give people control over their wealth, so they can increase it and safely store their funds. 

Its governance mechanism is based on a digital token called OM. The management of the system belongs entirely to the community. Through a voting system, individuals who own the OM token are able to propose changes to interest rate, ecosystem grants, as well as a line of products in the ecosystem. Each OM token allows one vote. 

Those who have this token also receive a reward for placing stakes on the platform. An Ethereum platform was used to develop the token, which might change to Polkadot network. If you would like to see the price of OM, check out the info on this page, which shows a historical and live chart of Matra OM price along with other valuable token data. 

What are Mantra DAO’s key features and how does it work?

This is a new financial protocol with community management features. The platform is based on the Parity Substrate framework for the well-known Polkadot network. To form and maintain its ecosystem of financial products, Manta DAO uses Rio Chain, a blockchain also created using the Substrate framework. 

With its help, users will be able to access many useful financial instruments. For instance, users have an opportunity to earn passive income from staking cryptocurrencies. Mantra also allows one to borrow and lend cryptocurrencies to other users while earning interest. 

In addition to its own token, the market price of which has been going up and down, the Karma protocol allows to evaluate the behavior of system participants and track their performance. It is similar to a credit score that is used for recognizing the efforts users put into the ecosystem. In addition, there is an opportunity to receive cryptocurrency for free through savings games.

What makes Mantra DAO noteworthy?

The creators took advantage of the innovation of decentralized finance for financial networks, where the voices of users are truly heard because Mantra is motivating token holders to participate in the service and activities of the platform. The creators were able to solve a problem that most DeFi projects face - user inactivity. In addition to providing financial services, Mantra rewards its users for helping develop the system. 

Moreover, Mantra DAO is created on RioChain and is linked to Polkadot, which is described as the blockchain of the future. RioChain is ensuring a high level of security and scalability and connects to the Polkadot. Furthermore, it offers multi-asset placement, lending, and loans for both its own system and other platforms.

Where can you buy Mantra DAO?

As seen on the Markets tab, the token of this platform are listed from multiple exchanges, including all the well-known markets. The price of OM pairs can vary significantly, so it is worth checking out different pairs and different exchanges.

You can see if the OM price has gone up or down on a particular market and the high and low levels for the past 24 hours. A live chart is also available on the Overview page.