Please, help us get better.
x
MANTRA DAO logo
Website

MANTRA DAO (OM)

DAICO

MANTRA DAO is a community-governed DeFi platform focusing on staking, 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 Parity Substrate for the Polkadot ecosystem, MANTRA DAO focuses on staking and lending to give financial control back to the people to grow wealth together.

IMPORTANT: By investing in this business you agree to our Disclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industryFinance Services & Banking
Product typePlatform
FoundedSeychelles

What is MANTRA DAO

MANTRA DAO is a fully integrated ecosystem of decentralized financial services built on interoperable technologies and controlled by its users collectively. Its governance mechanism is predicated upon a digital token called OM that allows its holders to participate in decisions affecting the parameters of the system. OM token is distributed as a reward for contributions made to the platform and provides access to a variety of economic incentives. In addition to OM token, MANTRA DAO supports the Karma Protocol, a reputation mechanism that assesses participants’ behavior within the system and keeps track of OM holders’ performance metrics.

MANTRA DAO is a decentralized application built on Rio Chain, a Substrate-based blockchain infrastructure that is interoperable with the Polkadot network.

The MANTRA DAO platform is composed of the following features:

  • A savings and lending platform whereby depositors can earn interests on their pooled digital assets.
  • A governance token called OM which confers its holders’ voting power over certain economic parameters such as interest rate, inflation and deflation levels.
  • A reputation protocol called KARMA which A) weighs the voting power of OM token holders proportionally to certain measurable metrics. B) increases the chances of OM token holders benefiting from various financial incentive schemes.
  • MANTRA DAO is a project initiated by the MANTRA DAO Foundation, a validator candidate on the Polkadot Network. MANTRA DAO Foundation is created to maintain the MANTRA DAO platform and serve the OM token holders, who are the beneficiaries of the foundation and govern how it operates.

    The MANTRA DAO Foundation will ensure the release and development of the MANTRA DAO until the MANTRA community is established enough to maintain it in a completely decentralized manner. The MANTRA DAO Foundation is also responsible for safeguarding certain intangible assets pertaining to the project such as trademarks and copyrights.

    Details

    Pre-sale token supply: 79,999,999 OM
    Token supply: 888,888,888 OM
    Total tokens for sale: 155,555,555 OM
    Soft cap: 1,500,000 USD
    Hard cap: 5,930,000 USD
    Raised: 1,300,000 USD

    Legal

    Blockchain Platform: Rio Chain
    Country limitations: USA, China, and OFAC restricted
    Registration country: Seychelles
    Registration year: 2019

    Token info

    Ticker: OM
    Type: Cryptocurrency
    Token standard: RST-88
    Token price in USD: 1 OM = 0.05 USDT
    Accepted currencies: BTC, ETH, USDT, KSM, DOT
    Bonus program:
    5% bonus for paying in DOT/KSM
    Token distribution:
    30% - Staking Rewards
    8.5% - Public
    9% - Private
    10% - Reserve
    12.5% - Grants
    17.5% - Team & Advisors
    12.5% - Referrals
    Funds allocation:
    15% - Exchange Listing
    15% - Asset Purchase
    20% - Technology
    25% - Operations
    25% - Marketing

    MANTRA DAO Roadmap

    1
    Q4 2019

    Rio Chain Kick-off

  • Rio Chain Development Begins
  • Conceptualization of Proprietary Lending Algorithm
  • 2
    Q2 2020

    Rio Chain Beta Net Release

  • Beta Net Release
  • Penetration Testing Completed (CertiK)
  • Become Kusama Validator Node
  • 3
    Q3 2020
  • Completion of Initial Membership Offering (IMO)
  • Launch of Staking Platform
  • Mobile App Goes Live
  • Become Polkadot Validator node
  • OM Token Exchange Listing
  • 4
    Q4 2020
  • Launch of MΛNTRΛ POOL
  • Integration of Compound Lending Protocol
  • Enhanced Staking/Lending Product Suite
  • 5
    Q1 2021
  • MANTRA DAO Proprietary Lending Protocol Released
  • Issuance of MANTRA DAO Stablecoin
  • Project team

    John Patrick Mullin
    John Patrick Mullin
    John Patrick Mullin linkedin
    Jamie Cheng
    Jamie Cheng
    Jamie Cheng linkedin
    Will Corkin
    Will Corkin
    Will Corkin linkedin
    Stephane Laurent Villedieu
    Stephane Laurent Villedieu
    Stephane Laurent Villedieu linkedin
    James Anderson
    James Anderson
    James Anderson linkedin
    Calvin Ng
    Calvin Ng
    CONTRIBUTOR
    Calvin Ng linkedin
    Harrison Cheung
    Harrison Cheung
    CONTRIBUTOR
    Harrison Cheung linkedin
    Ekaterina Volkova
    Ekaterina Volkova
    CONTRIBUTOR
    Ekaterina Volkova linkedin
    Prof. Nicholas Krapels
    Prof. Nicholas Krapels
    CONTRIBUTOR
    Prof. Nicholas Krapels linkedin
    Stacie Meng
    Stacie Meng
    CONTRIBUTOR
    Stacie Meng linkedin
    Phyrex Ni
    Phyrex Ni
    CONTRIBUTOR
    Phyrex Ni linkedin
    Rodrigo Quan Miranda
    Rodrigo Quan Miranda
    CONTRIBUTOR
    Rodrigo Quan Miranda linkedin
    Argu Lin
    Argu Lin
    CONTRIBUTOR
    Argu Lin linkedin
    Billy Magbanua
    Billy Magbanua
    CONTRIBUTOR
    Billy Magbanua linkedin

    Social media

    MANTRA DAO web-siteMANTRA DAO MediumMANTRA DAOYouTubeMANTRA DAO TelegramMANTRA DAO InstagramMANTRA DAO LinkedInMANTRA DAO TwitterMANTRA DAO FacebookMANTRA DAO Github

    User rating:

    5/5 ( 1 )
    3

    How To get a verified Project status

    To pass the verification you need to place a our logo on the main page of your website and make an announcement of the listing in your social network accounts. Send us the email in reply with confirmation of the link placement.

    Horizontal
    Square
    Light
    Dark
    Height: 50 px
    Width: 160 px

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Top-Rated Crypto Projects