MANTRA

MANTRA Chain documentation describes the token as the network’s native staking coin used within the chain’s proof-of-stake security model, with different applications.

• Governance: MANTRA holders can vote on proposals that affect the MANTRA ecosystem. Proposals may relate to economic parameters, platform development, new asset support, or DAO operations.

• Staking: Users can stake MANTRA directly or through derivative tokens (e.g., omDOT), with rewards based on performance and engagement. *Lending and Collateral:** MANTRA is used within MANTRA's lending systems and can be pledged as collateral for loans.

• Access to MANTRA POOL: MANTRA must be burned to participate in weekly MANTRA POOL drawings, which distribute staking rewards. The project also describes MANTRA Chain as targeting DeFi and RWA tokenization, with cross-chain interoperability and support for both permissionless and permissioned application designs that can align with regulatory requirements.

MANTRA was co-founded by:

• John Patrick Mullin – A fintech entrepreneur with experience in investment banking and blockchain advisory, including roles at trade.io and Tritaurian Capital.

• Rodrigo Quan Miranda – An entrepreneur with a background in investment banking and blockchain infrastructure, also co-founder of Immutable Technologies Corp.

• Will Corkin – A fintech and blockchain product strategist involved in the launch of multiple blockchain ventures, including work in the tokenised securities market.

MANTRA Chain documentation states:

At genesis the chain minted 1,777,777,776 OM mainnet staking coins including a mirror of legacy ERC-20 OM supply plus additional allocations for ecosystem, contributors, investors and incentives

The 1:4 split converted OM to MANTRA and set a maximum hard cap of 10,000,000,000 MANTRA