In an electrifying turn of events, MANTRA (OM) witnessed a significant breakout on July 11, 2024, at precisely 12:15 PM UTC. The token surged by an impressive 8.99%, pushing its price to $1.07. This breakout was not an isolated incident but the culmination of several strategic and technological advancements within the MANTRA ecosystem. From the launch of MANTRA Onchain to a highprofile interview with the CEO, the factors driving this surge are as multifaceted as they are impactful. The recent breakout of MANTRA (OM) has captured the attention of the crypto community, with the token experiencing an impressive gain of 8.99% on July 11, 2024. This surge brought the price to $1.07055, marking a significant milestone for the project. Let's delve into the key reasons behind this breakout and explore the underlying factors that contributed to this price movement.
Final Day for Users to Claim MANTRA Rewards
The final day for users to claim their MANTRA token rewards was June 11th. This event led to a surge in activity as users rushed to claim their rewards, driving up the token's price. The anticipation and urgency surrounding this deadline created a buzz within the community, resulting in increased trading volume and positive price action.
Launch of MANTRA Onchain
The launch of MANTRA Onchain revolutionized financial asset management by creating a transparent and secure ecosystem. This new feature significantly enhanced MANTRA's market position, attracting both institutional and retail investors. The introduction of MANTRA Onchain provided a robust platform for managing and accessing financial assets, contributing to the token's price surge.
Unclaimed Token Supply Burn
At 12:00 AM UTC, unclaimed MANTRA tokens were burned, reducing the overall supply. This deflationary mechanism increased the scarcity of the tokens, potentially driving up their value. The strategic token burn was a wellreceived move by the community, further boosting investor confidence and contributing to the price breakout.
CNN Business Interview with MANTRA CEO
An interview with MANTRA's CEO on CNN Business revealed a dualAPY structure for the Keturah Vault, which offers both fixed and variable yields. This innovative yield structure provided a guaranteed APY of 8% in stablecoin equivalents and an additional variable APY in $OM tokens. The announcement of this new financial product boosted investor confidence and attracted new participants to the ecosystem.
Conclusion
The breakout of MANTRA (OM) can be attributed to a combination of strategic events and developments that enhanced the project's market position and investor confidence. From the final day of rewards claiming to the launch of MANTRA Onchain, the token burn, and the CEO's interview on CNN Business, each factor played a crucial role in driving the token's price upward. As MANTRA continues to innovate and expand its ecosystem, it will be interesting to see how these developments shape the future trajectory of the $OM token.
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Explore the Core.
MANTRA is a Security first RWA Layer 1 Blockchain, capable of adherence and enforcement of real world regulatory requirements. Built for Institutions and Developers, MANTRA offers a Permissionless Blockchain for Permissioned applications
Spot the Main Event:
The UAE Real Estate Giant MAG Partners with MANTRA to Tokenize $500 Million in Real Estate Assets. MANTRA and MAG will collaborate to democratize access to premium UAE real estate using secure, yield-bearing vault products backed by MANTRA’s L1 technology. This collaboration unlocks unique investment opportunities in the thriving Middle Eastern market for tokenized real estate, further positioning MANTRA and MAG as key players within the region.
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Oluwatosin BamideleTrade hard. Joy is coming
Explore the Core.
MANTRA is a Security first RWA Layer 1 Blockchain, capable of adherence and enforcement of real world regulatory requirements. Built for Institutions and Developers, MANTRA offers a Permissionless Blockchain for Permissioned applications
Spot the Main Event:
UAE Real Estate Giant MAG Partners with MANTRA to Tokenize $500 Million in Real Estate Assets. MANTRA and MAG will collaborate to democratize access to premium UAE real estate using secure, yield-bearing vault products backed by MANTRA’s L1 technology. This collaboration unlocks unique investment opportunities in the thriving Middle Eastern market for tokenized real estate, further positioning MANTRA and MAG as key players within the region.
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Abdulazeez MuhammadExplore the Core.
MANTRA's crypto network essence lies in its ability to enable seamless fractionalization and tokenization of real-world assets (RWAs), including art, commodities, and real estate. This is achieved through a permissionless blockchain with a robust identity system utilizing decentralized IDs (DIDs) and Soulbound NFTs for enhanced identity verification and simplified KYC/AML compliance. The network also features a governance system that allows for community participation in continuous upgrades and improvements, ensuring regulatory compliance and secure token movement across the Cosmos ecosystem through the Inter-Blockchain Communication (IBC) protocol.
Spot the Main Event:
On the 5th of July,2024. Mantra announced the launch of our official MANTRA Turkey X account. This is a significant stride towards the development of the project. The launch of this social account shows the extension of Mantra ecosystem to users in Turkey, investors in this region invested after seeing Mantras utilities and potentials.
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Abifarin TemitayoExplore the Core.
MANTRA is a Security first RWA Layer 1 Blockchain, capable of adherence and enforcement of real world regulatory requirements. Built for Institutions and Developers, MANTRA offers a Permissionless Blockchain for Permissioned applications.
Spot the Main Event:
The exclusive 3-day Build-a-thon brought together brilliant minds, teaming up to shape the future of RWA tokenization. Participants received exclusive support and mentorship to work on several RWA-focused projects.
📸 Show Us What You Found:
Ola VictoriaExplore the Core.
MANTRA is a Security first RWA Layer 1 Blockchain, capable of adherence and enforcement of real world regulatory requirements. Built for Institutions and Developers, MANTRA offers a Permissionless Blockchain for Permissioned applications.
Spot the Main Event:
Catch a glimpse of the best moments from MANTRA’s recent Hackers Hideout in Delhi. The exclusive 3-day Build-a-thon brought together brilliant minds, teaming up to shape the future of RWA tokenization. Participants received exclusive support and mentorship to work on several RWA-focused projects.
📸 Show Us What You Found:
GLORIA OLUWAFERANMITo God be the Glory
Explore the Core.
MANTRA is a Security first RWA Layer 1 Blockchain, capable of adherence and enforcement of real world regulatory requirements. Built for Institutions and Developers, MANTRA offers a Permissionless Blockchain for Permissioned applications
Spot the Main Event:
UAE Real Estate Giant MAG Partners with MANTRA to Tokenize $500 Million in Real Estate Assets. MANTRA and MAG will collaborate to democratize access to premium UAE real estate using secure, yield-bearing vault products backed by MANTRA’s L1 technology. This collaboration unlocks unique investment opportunities in the thriving Middle Eastern market for tokenized real estate, further positioning MANTRA and MAG as key players within the region.
📸 Show Us What You Found:
Esther WonderOwojori
Explore the Core.
MANTRA is a Security first RWA Layer 1 Blockchain, capable of adherence and enforcement of real world regulatory requirements. Built for Institutions and Developers, MANTRA offers a Permissionless Blockchain for Permissioned applications. Key Features: * Built using Cosmos SDK, IBC compatible, with CosmWasm supported * Secured via a sovereign PoS validator set * Scalable up to 10k TPS * Built-in Modules, SDKs and APIs to create, trade and manage regulatory compliant RWAs * Improved User Experience to onboard non-native users and institutions to Web3
Spot the Main Event:
This announcement caused the pump Catch a glimpse of the best moments from MANTRA’s recent Hackers Hideout in Delhi! The exclusive 3-day Build-a-thon brought together brilliant minds, teaming up to shape the future of RWA tokenization. Participants received exclusive support and mentorship to work on several RWA-focused projects. 🕉️ MANTRA remains committed to improving DX to enable seamless onboarding of builders into our ecosystem. Through this initiative, we seek to fuel the rapid expansion of the RWA sector, in line with our mission of Bringing Finance Onchain. 𝑀𝐴𝑁𝑇𝑅𝐴 - 𝐹𝑟𝑜𝑚 𝐼𝑛𝑠𝑡𝑖𝑡𝑢𝑡𝑖𝑜𝑛𝑠 𝑡𝑜 𝐼𝑛𝑑𝑖𝑣𝑖𝑑𝑢𝑎𝑙𝑠: 𝐵𝑟𝑖𝑛𝑔𝑖𝑛𝑔 𝐹𝑖𝑛𝑎𝑛𝑐𝑒 𝑂𝑛𝑐ℎ𝑎𝑖𝑛. $OM #tokenization #HomeForRWAs
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Overview
MANTRA is a Securityfirst RWA Layer 1 Blockchain designed to adhere to and enforce realworld regulatory requirements. Targeted at institutions and developers, MANTRA offers a permissionless blockchain for permissioned applications. Its unique value proposition lies in its ability to tokenize and fractionalize realworld assets (RWAs) such as art, commodities, and real estate, while ensuring regulatory compliance through decentralized IDs (DIDs) and Soulbound NFTs.
Key Features
Cosmos SDK and IBC Compatibility: Built using Cosmos SDK, supporting InterBlockchain Communication (IBC) and CosmWasm. Sovereign PoS Validator Set: Secured via a ProofofStake validator set. High Scalability: Capable of handling up to 10,000 transactions per second (TPS). Regulatory Compliance: Builtin modules, SDKs, and APIs for creating, trading, and managing regulatorycompliant RWAs. Enhanced User Experience: Simplified onboarding for nonnative users and institutions to Web3. Decentralized Identity (DID): Empowering users to control their personal data and simplifying KYC/AML compliance. Interoperability: Facilitates seamless crosschain transactions and interactions.
Recent Developments
$OM Liquidity Pool on Base Chain: Launched with deep liquidity, enabling seamless $OM swaps with minimal slippage. Staking Launch: Over 17% of the total token supply staked, indicating strong community support. Partnership with UAE Real Estate Giant MAG: Tokenizing $500 million in real estate assets. Hackers Hideout in Delhi: A 3day Buildathon focused on RWA tokenization. New Quest on Galxe: Added to engage community members and reward participation. MANTRA Turkey X Account: Launched to expand community reach.
Market Impact
Increased Demand: The launch of the $OM liquidity pool and staking features are likely to drive demand for the token. User Adoption: Partnerships and realworld use cases, such as the MAG real estate tokenization, enhance credibility and attract institutional users. Market Presence: Active community engagement and recent price rebounds position MANTRA favorably for future growth.
Risks and Opportunities
Challenges: Potential security breaches, technical issues, and navigating evolving regulatory landscapes. Opportunities: Strong community support, innovative RWA tokenization, and regulatory compliance can attract a diverse user base and institutional investors.
Community Engagement
Community Size and Activity: Active on multiple platforms including Telegram and Twitter, with recent initiatives like the Galxe Quest and Hackers Hideout. Engagement Strategies: Regular updates, community events, and interactive quests to maintain high engagement levels.
Conclusion
MANTRA's focus on regulatory compliance, RWA tokenization, and decentralized identity sets it apart in the crowded cryptocurrency market. Recent developments and strong community support indicate a promising future. Traders should consider MANTRA's innovative approach and market position as compelling factors for investment.
Considerations for Traders: Strong Community Support: High staking rates and active engagement. Regulatory Compliance: Attractive to institutional investors. Innovative Features: DID and interoperability solutions. Market Position: Recent price rebounds and strategic partnerships.
Overall, MANTRA presents a compelling investment opportunity for traders looking to capitalize on the growing demand for regulatorycompliant blockchain solutions.
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.