MANTRA DAO is a decentralized finance (DeFi) platform that emphasizes community governance. It facilitates staking, lending, and multi-chain DeFi services, leveraging community insights to foster a transparent and decentralized ecosystem for Web 3.0. Built on Parity Substrate within the Polkadot ecosystem, MANTRA DAO aims to provide financial control services that help users store value and grow their portfolios.
What Services Does MANTRA DAO Provide?
Operating on Rio Chain, a secure and scalable blockchain compatible with the Polkadot network, MANTRA DAO supports a broad range of financial products within its ecosystem. The platform aims to mitigate the limitations of traditional blockchains by encouraging mass adoption of DeFi solutions. Initiated by the MANTRA DAO Foundation, the platform ensures security and support for OM Coin holders, who enjoy governance rights and can benefit from the foundation’s services.
How Does MANTRA DAO Governance Work?
MANTRA DAO employs interoperable technologies and features an ecosystem of community-controlled decentralized financial services. Governance is driven by OM Coin holders, who participate in decision-making processes that influence system parameters. Contributors are rewarded with OM Coins and gain various advantages on the platform. Additionally, the Karma Protocol, a reputation mechanism, assesses participant behavior and tracks the performance of OM Coin holders.
Key Takeaways for Users
– OM Coin provides governance rights, allowing holders to influence platform decisions.
– The platform supports staking, lending, and multi-chain DeFi services.
– Operating on Rio Chain enhances security and scalability within the Polkadot ecosystem.
– Karma Protocol evaluates user behavior and performance, rewarding contributions.
Where to Purchase OM Coin?
OM Coin is available for purchase on Binance, the world’s largest cryptocurrency exchange by trading volume. The coin is traded under pairs such as OM/BTC, OM/BUSD, and OM/USDT. Prospective buyers need to register on Binance and transfer either cryptocurrency or fiat currency to their account wallet. After loading the wallet, users can select a trading pair and specify the desired amount in the purchase interface to execute their order.
Following these steps ensures a smooth and secure transaction process when buying OM Coin on Binance.