How can RWA assets be implemented in Web3 through public chain innovations? These innovative solutions may be worth referencing
Abandon the native token and establish OM as the core asset of the project: Is there no substantial benefit behind the surge of Mantra?Author: 0xmonomi
Recently, the overall performance of the market has been sluggish, making the significant rise in the assets of certain projects particularly eye-catching. For example, the token OM of the Mantra project has been on an upward trend since December last year, rising from around $0.02 to about $0.15, an increase of over 7 times, with its trading volume also surpassing $60 million, sparking discussions in the industry.
The continuous rise in the price of OM may be attributed to the intense discussions within the project community regarding whether to establish OM as the native token. Given the current situation, it is highly likely that OM will replace the existing native token and become the core value of the Mantra project, which directly heightens market expectations.
The following text will provide readers with a comprehensive overview of the Mantra project.
Mantra Chain: A Hub Chain Based on Cosmos SDK, Aiming to Promote RWA Implementation and Lower Technical Barriers for Developers
Mantra Chain describes itself on its official Twitter as "a security-first, RWA-focused, Cosmos IBC compatible modular Layer 1 blockchain," which is part of the OMniverse concept that includes Mantra Finance, Mantra DAO, and Mantra Chain.
Mantra Chain is an innovative blockchain network built on the Cosmos SDK, designed to provide a permissionless, high-performance, and scalable environment for Web3 applications. It cleverly combines advanced blockchain architecture with a complete toolkit, enabling developers to create applications that meet regulatory requirements while being permissioned, catering to the compliance needs of various industries.
Mantra Chain particularly emphasizes innovation in regulatory compliance for real-world assets (RWA) and tokenized assets, filling a gap in the current Cosmos ecosystem. By leveraging the powerful capabilities of the Cosmos SDK, Mantra Chain offers a scalable, interoperable decentralized application platform aimed at advancing the compliance process for digital assets while attracting user groups from diverse backgrounds, including traditional finance and retail users who have yet to engage in the crypto space.
The vision of Mantra Chain is to create a forward-looking protocol that attracts broader user participation in the future of cryptocurrency and blockchain technology through its regulatory-friendly design.
OM Replaces AUM Assets as the Project's Official Sole Token: What Considerations Lie Behind This Decision?
The transformation of the role of the OM token marks a key moment in the development history of Mantra Chain. After thoughtful discussions, the community proposed and widely supported a proposal: to not introduce a new AUM token but to upgrade the OM token to become the sole or primary token on Mantra Chain. This proposal not only reflects the community's recognition of the OM token and its underlying value but also demonstrates considerations for the long-term development and integrity of the Mantra Chain ecosystem.
The logic behind the proposal is based on several key points:
First, the OM token already has strong brand recognition and a community foundation; second, by integrating the OM token as the core of Mantra Chain, it can quickly attract existing OM holders to participate in the Mantra Chain ecosystem, thereby increasing the user base and project visibility; additionally, maintaining the simplicity of the ecosystem simplifies the structure of the Mantra ecosystem, avoiding the confusion and distraction that may arise from introducing a new token, and concentrating all resources and attention on the OM token, which helps strengthen community unity and the token's value; it is important to note that this integration strategy also brings direct benefits to OM token holders, as it enhances the utility and potential value of OM, making it an indispensable part of the Mantra Chain ecosystem.
Technically, the proposal also explored the possibility of migrating the OM token from EVM to the Cosmos ecosystem, as well as the feasibility of running OM as the chain token in the second phase of the Mantra Chain testnet. These measures aim to simplify the Mantra ecosystem while maintaining commitments to existing OM holders.
The approval and implementation of this proposal not only strengthened the connections among community members but also provided a successful case study for other cryptocurrency projects regarding community participation and token economic integration. Through this transformation, the direction of the Mantra Chain ecosystem's development will become clearer.
From Regulatory Service Solution Compliance to SDK Tool MTS: An Overview of Mantra Chain's Core Products
Mantra Chain is not just a blockchain platform; it also aims to provide a high-performance and widely applicable Web3 application development platform. Built on the Cosmos SDK, Mantra Chain can offer high scalability and interoperability. This is crucial for building an ecosystem that can seamlessly interact with other blockchain networks. Additionally, by leveraging Cosmos's IBC protocol, Mantra Chain can achieve secure communication and asset transfers with other chains, greatly expanding its application scenarios and user base.
Moreover, with a series of innovative features and products, such as MANTRA Compliance, MANTRA Token Service (MTS), MANTRA Assets, and MANTRA DEX, it provides users with a comprehensive ecosystem. Below is a brief introduction to these products:
MANTRA Compliance offers a suite of tools and services to help Web3 platforms comply with various regulatory requirements for cryptocurrency transactions and other financial activities, including KYC/KYB protocols, AML/sanctions screening, and transaction monitoring, ensuring the platform's compliance and security;
MANTRA Token Service (MTS) is a powerful and flexible SDK that allows Web3 enterprises to create, issue, distribute, and manage their digital assets on the MANTRA network;
MANTRA Assets utilizes the MTS SDK to provide entities with a simple dApp that enables them to issue security tokens representing real-world assets on the network. These tools not only support the issuance of compliant assets but also offer flexible access control and permission management features, making asset management more secure and efficient, providing users with powerful tools to create, issue, and manage digital assets;
MANTRA DEX leverages the advantages of the Cosmos ecosystem along with automated market maker (AMM) technology and cross-chain compatibility to provide investors with a fast, secure, and efficient platform for trading real-world assets. This not only promotes the liquidity of real-world assets but also offers users a transparent and fair trading environment.
