Daily Crypto Official

The OM token is the native utility and governance asset of MANTRA, a Layer 1 blockchain and decentralized finance (DeFi) ecosystem designed specifically for the tokenization of real-world assets (RWAs) in a regulatory-compliant manner. 

Key Features and Purpose

Real-World Asset (RWA) Focus: MANTRA's core mission is to bridge traditional finance (TradFi) with Web3 by providing the infrastructure to tokenize physical assets like real estate and commodities. It holds a Virtual Asset Service Provider (VASP) license from Dubai's VARA, positioning it as a compliant platform for institutional adoption.

Layer 1 Blockchain: Initially a dApp on the Rio Chain, MANTRA has transitioned to its own native Layer 1 blockchain built using the Cosmos SDK, which ensures high scalability, security, and interoperability with other Cosmos chains via the Inter-Blockchain Communication (IBC) protocol.

Governance: OM token holders can participate in the platform's decentralized governance, voting on key decisions such as protocol upgrades, interest rates, and ecosystem initiatives.

Staking and Security: The OM token is central to the network's security. Users can stake their OM through a Proof-of-Stake (PoS) mechanism to help validate transactions and secure the network in exchange for staking rewards.

Transaction Fees & Access: OM is used to pay for transaction (gas) fees on the MANTRA Chain. Staking OM also grants users access to specific platform features, such as the "Guard Module" for dApp access and compliance tools.

Compliance Infrastructure: MANTRA offers built-in modules for "Know Your Customer" (KYC) and "Anti-Money Laundering" (AML) compliance, which are crucial for attracting institutional capital to the RWA space. 

#om @MANTRA $OM
{spot}(OMUSDT)