VNDC Wallet lists MANTRA DAO Token (OM)

VNDC Wallet lists MANTRA DAO Token (OM)

From now on, 16/08/2021, MANTRA DAO Token (OM) will be listed on VNDC Wallet. After OM is available on the platform, users can perform the following functions with OM:

  • Off-chain transactions: Send, receive OM with other users on the same system.
  • Exchange: Convert from VNDC to OM and vice versa.
  • Credit Line: Use OM as collateral to borrow VNDC with a 30% credit line.

About MANTRA DAO

MANTRA DAO is a decentralized financial platform built on RioChain and will be connected to Polkadot. MANTRA DAO focuses on staking, lending and decentralized governance (DAO) products. This project is designed to act as an ecosystem for Web 3.0.

This company operates in the form of providing services and collecting fees for collateral assets. MANTRA DAO’s business plan focuses on earning interest from OM loans and staking. Some of the major investors of MANTRA DAO include Kenetic Capital, Genesis Block, and Moonrock Capital.

Website: https://mantradao.com/ 

What is OM Token?

OM is a governance token for MANTRA DAO ecosystems, used for purposes such as decentralized governance, staking and lending. OM token holders receive up to 88.8% annual reward for staking OM on the platform.

OM will be published with ERC-20 standard, however, there are currently plans to migrate to the Polkadot network.

Specifications:

  • Name: MANTRA DAO Token
  • Symbol: OM
  • Platform: Ethereum
  • Standard: ERC20
  • Smart Contract Address: 0x3593d125a4f7849a1b059e64f4517a86dd60c95d
  • Type: Utility, Governance

Till now, OM is available on some of the largest cryptocurrency exchanges like Binance, OKEx, HitBTC, Hotcoin Global, và BiONE. At the time of writing, OM is ranked #437 on CoinMarketCap:

 OM Price

5,067 VNDC

Market Cap

 71,872,797 USD

24h Trading Volume

 14,247,225 USD

Circulating Supply

 332,560,552 OM

Max Supply

 888,888,888 OM


Trading OM on VNDC Wallet

OM is available on the platform, users can perform the following features with OM:

  • Off-chain transactions: Send, receive OM with other users on the same system.
  • Exchange: Convert from VNDC to OM and vice versa.
  • Credit Line: Use OM as collateral to borrow VNDC with a 30% credit line.
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