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About MantraDAO
Disclosures
MantraDAO risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading MantraDAO. All crypto assets are risky, there are general risks in investing in MantraDAO. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
MantraDAO’s price performance
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Guides
MantraDAO FAQ
MANTRA is a DeFi platform emphasizing community-driven governance, staking, lending, and more. It operates on Parity Substrate for Polkadot, aiming to create a decentralized financial ecosystem.
MANTRA employs transparent governance and offers various DAO and DeFi services, including treasury management, launchpad, DAO governance, staking, lending, and more, involving users in decision-making and financial activities.
You can buy OM tokens on a number of different spot trading markets. One example is OKX crypto exchange, which offers OM/USDT trading pair.
If you wish to purchase OM with fiat currencies, OKX has an “Express Buy” option that comes in handy. The platform also lets you use the Convert feature to convert your excess holdings to OM. Alternatively, if you want to convert OM into fiat, you can use the OKX crypto calculator to check the conversion rates.
Dive deeper into MantraDAO
In pursuing true decentralization, community building is an essential cornerstone. This understanding has spurred the emergence of decentralized autonomous organizations (DAO). An exemplar of this concept is MANTRA DAO, an integral component of the MANTRA ecosystem.
What is MANTRA
MANTRA (previously known as MANTRA DAO) is a community-governed decentralized finance (DeFi) platform that specializes in staking, lending, and governance. It functions as a hub where the community not only influences the project's future changes through voting but also gains rewards. Operating on Parity Substrate for the Polkadot ecosystem, MANTRA DAO aims to establish a community-driven, transparent, and decentralized ecosystem for Web3 to empower individuals with financial control and collective wealth growth.
The MANTRA team
MANTRA was co-founded by Will Corkin, John Patrick Mullin, and Rodrigo Quan Miranda. Will Corkin is a blockchain and fintech entrepreneur with a substantial background in crypto and tokenized securities markets. John Patrick Mullin brings expertise as an educator and tokenization specialist in Hong Kong. Rodrigo Miranda, a former Hong Kong-based investment banker, transitioned to emerging technologies and founded Moon Street Ventures.
How does MANTRA work
Central to MANTRA's approach lies a dedicated commitment to community engagement. This dedication is reflected in a transparent governance mechanism that fosters unity and collaborative decision-making. Within this framework, the platform offers a diverse array of DAO and DeFi services, carefully designed to bolster security while simultaneously presenting avenues for earning. These services include essential aspects such as treasury management, launchpad and issuance control, DAO governance, and grants, among other offerings.
MANTRA’s governance token: OM
MANTRA DAO introduced its native token, OM, in mid-August 2020. It has a max supply of 888,888,888 OM tokens, equivalent to its total supply. OM has various applications such as staking, yield farming, lending and borrowing, governance, and voting.
OM distribution
OM is distributed in the following way:
- 8.5 percent allocated to the public through a public sale
- 9 percent distributed via a private sale
- 17.5 percent retained by the team and advisors
- 30 percent designated for staking rewards
- 12.5 percent assigned to referrals
- 10 percent allocated to the reserve
- 12.5 percent set aside for grants
Disclaimer
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