Mantra Price in India (OM)

MANTRA (OM) is a DeFi platform that uses blockchain technology to offer financial services such as staking, lending, and governance. It operates on multiple blockchain networks, including Ethereum and Binance Smart Chain. OM, its native token, is pivotal in maintaining the ecosystem.

Mantra was co-founded by John Patrick Mullin, Will Corkin, and Rodrigo Quan Mira in 2020. 

• OM token: OM token has several utilities within the ecosystem, such as paying for transactions, incentivizing network participants, staking, and governance.

• Strong community support: OM has strong community support, with token holders actively participating in platform governance and other ecosystem activities that contribute to building a robust community.

• Cross-chain interoperability: Mantra operates on multiple blockchain networks, such as Ethereum, Binance Smart Chain, and Polygon, ensuring seamless data transfer and accessibility.

• DAO access and airdrops: OM stakers get special access to new DAO token issuances and airdrops from partner DAOs.

OM is the utility token of the Mantra ecosystem, a DeFi platform that leverages blockchain technology to offer financial services. The Mantra Network was launched in 2020, and since its inception, the OM token has performed exemplarily in the crypto space, with its price maintaining a decent upward momentum. Since its launch, the token is up over 1600% and ranks #43 in the overall crypto market. It holds an all-time high of $4.60 and is anticipated to be priced around $5.80 by 2030, making it a promising crypto.

Download the CoinSwitch app to invest in OM.

• OM can be traded, bought, and sold from crypto exchanges. 

• It can be used to pay for transaction fees within the Mantra ecosystem.

• Users can stake their OM tokens to earn staking rewards. 

• OM token holders can participate in voting or decision-making processes related to the ecosystem.

• Mantra offers staking, lending, borrowing, and yield farming features.

• The Mantra ecosystem supports complete decentralization, with OM token holders given the right to participate in governance and decision-making.

• Mantra offers attractive staking rewards and also incentivizes user engagement.

• OM is subject to price volatility, which may impact investor confidence.

• Mantra’s competitors in the DeFi space include already established DeFi platforms like Aave and MakerDAO.

• The financial services offered by the Mantra ecosystem might be too complex for some.

• To trade in OM on CoinSwitch, download the app.

• You can start with as low as ₹100.

• Trade in over 250+ cryptos with just a nominal fee in a secure environment.

Mantra’s Initial Coin Offering (ICO) took place in August 2020. A total of 88.88 million OM tokens were made available for the ICO, and each OM token was priced at $0.05. The ICO raised approximately $4.4 million, which was allocated for platform development and ecosystem expansion. The platform also raised a total of $16.93M in 5 completed rounds.