MANTRA (OM) is a decentralized finance (DeFi) platform that leverages blockchain technology to offer various financial services such as staking, lending, and governance. The native token, OM, is used for transactions, governance, and incentives, empowering users through community involvement and decision-making processes.
The crypto MANTRA (OM) is used in various ways within the MANTRA ecosystem:
Governance: OM token holders have voting rights within the MANTRA DAO, allowing them to propose changes, participate in votes, and influence the development of various products across the OMniverse (Mantra’s interconnected ecosystem).
Staking: OM can be staked to earn passive income. Users can stake directly on the MANTRA web app or through centralized exchanges. Staking OM grants special access to new DAO token issuances and airdrops from partner DAOs, providing OM holders with the potential to earn additional rewards from emerging projects within the DeFi space.
Access and Incentives: Staking OM offers access to new DAO token issuances and airdrops from partner DAOs, providing OM holders with the potential to earn additional rewards from emerging projects within the DeFi space.
Earning Interest: The OM token is involved in MANTRA’s money market protocol. By supplying crypto assets, users can earn interest on their holdings, and lenders can passively grow their wealth while providing borrowers with liquidity.
Karma Points: OM is connected to MANTRA’s unique Karma Protocol, a reputation system that rewards positive contributions to the ecosystem. Users with a higher Karma score can benefit from increased staking rewards, reduced fees, and better loan rates.
Lending and Borrowing: OM is used in MANTRA’s lending and borrowing protocols, allowing users to borrow and lend crypto assets across blockchains.
- DAO Access and Airdrops: OM holders have access to new DAO token issuances and airdrops from partner DAOs, providing them with additional earning opportunities.
These uses highlight the versatility of the OM token within the MANTRA ecosystem, focusing on governance, staking, lending, and access to various DeFi opportunities.
To store MANTRA (OM) tokens, you have several options:
KuCoin Account: You can store your MANTRA DAO (OM) tokens directly in your KuCoin account. This is a custodial wallet, meaning KuCoin manages the security and storage of your assets.
Non-Custodial Wallets: You can also store your MANTRA DAO (OM) tokens in non-custodial wallets, which provide more control over your assets. These wallets are not managed by KuCoin, and you are responsible for their security.
Trust Wallet: Another option is to add MANTRA to your Trust Wallet. This involves preparing your wallet for incoming tokens, locating MANTRA, and manually adding it to your wallet.
These options provide flexibility and security for managing your MANTRA (OM) tokens.
To buy MANTRA (OM) tokens, you can follow these steps:
Using Pionex- Create a Pionex account: Register on the Pionex website or download the app. Pass the KYC verification.
- Choose a payment method: You can use credit/debit cards, bank wire, or ACH transfer (for US citizens).
- Buy OM: Go to the "Buy Crypto with Credit Card" page, select the best rate, enter the amount, and input your payment details. For US citizens, you can also use ACH transfer without transaction fees.
- Access Bitrue: Go to the Bitrue official website or app.
- Select MANTRA: Click on "Trade" -> "Spot" and select MANTRA (OM) from the list of cryptocurrencies.
- Enter the amount: Input the amount you want to buy and confirm the transaction.
- Create and verify your account: Sign up with Google, Apple, or enter your name and email. Verify your email, phone number, and identity.
- Add funds: Make a bank deposit or use your credit card to add funds.
- Buy MANTRA: Click on the Kriptomat icon, select "Buy", choose MANTRA, enter the amount, and confirm the purchase.
- Create a KuCoin account: Register and secure your account.
- Verify your account: Complete the verification process.
- Add a payment method: Add a payment method to your account.
- Buy MANTRA DAO: Use the added funds to buy MANTRA DAO (OM) on the KuCoin Spot Market.
- Choose a centralized exchange (CEX): Select a CEX that supports MANTRA (OM) trading.
- Register and verify: Register an account on the CEX, verify your identity, and secure your account.
- Buy USDT, ETH, or BNB: Use fiat to buy these cryptocurrencies.
- Transfer and buy OM: Transfer the purchased cryptocurrencies to the CEX that supports MANTRA (OM) trading and buy OM.
- Choose a DEX: Select a DEX that supports MANTRA (OM) trading.
- Download a Web3 wallet: Install a Web3 crypto wallet like Metamask or an App wallet like Trust Wallet.
- Buy the mainnet cryptocurrency: Purchase the cryptocurrency of the DEX's blockchain (e.g., ETH for Uniswap).
- Swap for OM: Swap the purchased cryptocurrency for MANTRA (OM) on the DEX.
