About MANTRA (OM)
MANTRA DAO (now rebranded as MANTRA) is a decentralized application (DApp) built on the Rio Chain, a blockchain infrastructure based on Parity Technologies' Substrate platform that interoperates with the Polkadot Blockchain Network. The MANTRA Finance project is initiated and supported by the DAO, which was established to maintain the platform and assist holders of the project's native token, $OM. OM token holders have governance rights on the platform.Ā Ā
In August 2022, MANTRA DAO rebranded itself to MANTRA. Today, the MANTRA OMniverse encompasses the DAO, MANTRA Nodes, MANTRA Chain, and MANTRA Finance.Ā
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MANTRA is a decentralized financial services ecosystem built on interoperable technology and governed by a community of users.Ā Ā
The platform also features the Karma protocol, which serves as an internal reputation mechanism to help evaluate the behavior of participants in the ecosystem and to track the behavior of OM token holders. MANTRA self-reports that it provides users with a savings and lending platform that allows depositors to pool digital assets, lend and purportedly earn interest returns. The current price of OM is updated and live-tracked on Binance in real-time.