$OM


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What is OM cryptocurrency and what is its project?

OM cryptocurrency – is a token of the MANTRA DAO platform, which is a community-governed decentralized finance platform focused on lending and governance.

MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for Web 3.0. Built on the parity foundation of the Polkadot ecosystem, MANTRA DAO gives financial control back to people to store and grow wealth together.

The platform uses OM cryptocurrency for storage, lending, and governance. While the project plans to migrate to the Polkadot network, the token was initially issued on the Ethereum blockchain.

MANTRA DAO was first announced in June 2020, and the platform went live with its first feature, Staking, in October 2020.

Om Token Founders and Platform

MANTRA DAO was developed as a project of RioDeFi, the blockchain technology development company behind RioChain, with co-founders and longtime friends John Patrick Mullin and Will Corkin serving as advisors. The two launched the project as a decentralized autonomous organization alongside colleague Rodrigo Quan Miranda.

Mullin previously conducted fintech research at Chinese investment bank Guotai Junan Securities and has covered blockchain technology for both traditional and crypto media outlets.

In September 2020, he was appointed as a strategic advisor to Polkastarter, a decentralized exchange