What is Mantra DAO?
Mantra DAO is community governance Decentralized Finance DeFi Project. in project mantra DAO mantra is spiritual words that means advice and OM is Indian spiritual symbol. The project built on RIO chain for Polkadot, however this RIO chain is fully secure, scalable and connected to Polkadot Blockchain network. RIO Chain poses it as hybrid mode with higher throughput, interoperability and adaptability.
Project mainly focusing on improving Governance, Staking, Lending, Borrowing along with new feature of Karma and Mantra Pool. however, It follow as node structure as Kusama and polkadot, however DOT and KSM user will get benefit for accessing Network. Mantra DAO enable lending and borrowing i.e. crypto finance where user can easily opt for loans with instant access for stablecoin like USDT and other. in Karma feature, network will keep record of reputation of user i.e. work similar like Credit score in banking department. Mantra pool is perpetual saving games where can play games to earn crypto. however, rewards distribution and access of governance will dependent on OM Token.
In use case Mantra DAO support multi-asset lending and staking, merit-based rewards system and self-governance organization. In simple words Mantra provides cross chain access to DeFi Project, new type of incentivizes, ability to change system parameter via voting.
Mantra DAO Price Prediction
|Month & Year||OM Price Prediction|
Mantra DAO Overview
|Project name||Mantra DAO|
|All-time high||$0.65 USD|
|Exchange Platform||OKEx, Uniswap V2, Hotbit, Bithumb Global, Gate.io, Poloniex, Hoo, Bitmart, Bilaxy.|
|Wallet||Meta Mask, Ledger, Trust Wallet.|
OM ICO Overview
|Raised by||$5,930,000 USD|
|Date of ICO||19 August 2020|
|ICO Price||$0.078 USD|
|Partners||RIODeFi, Kenetic, Genesis Block, Plutus.vc, LD Capital, Hex Trust, Master Ventures, Waterdrip Capital, Genblock Capital, Market Across, Dominus, Revelation Fund, Vendetta Capital, Consensus Lab, FTX.|
Mantra DAO Price Analysis
Mantra DAO built on Polkadot i.e. top 10 highest market volume project and based on DeFi which recently cross $7 billion volume as of writing. Mantra DAO massively pushing boundaries with interoperability with DeFi and other DeFi feature. However, OM Token massive gained market volume and in future it could surge with consistent bullish trend. however, holding OM Token can help to grow reputation i.e. karma on the platform via karma protocol, this karma help user to get loan easily in future. however, Mantra Pool also free for OM holder i.e. also another way to earn passive income. On 29th October 2020 OM is listed on Coingecko with average price $0.47 and one week after that it went down to $0.31 USD i.e. because all market experience crash. However, it already enters into top 200 project and possibly surge in raking once market recover.
Will OM Token hit $1?
May possible in year 2020 or beginning of 2021.
How much OM will be worth in 5 years?
Probably worth more somewhere near $3 USD.
Is Mantra DAO a Good Investment?
Yes, long term HODL recommended.
Mantra DAO governance backed DeFi platform based on simple and secure network for staking service and optimized OM for addition interest for users. The project is integrated with most advance blockchain product to create all in one Finance without interference of intermediaries. Project promises faster and transparent system, where problem of traditional finance will be solved. In real use cases problem like capital requirement, high interest rate, lack of user experience, opaque governance and low saving rates will be replaced by cryptographic feature.