OM/USD (-84.98%)
Mantra (OM), launched in 2020, enables users to explore the OMniverse, which is the Mantra ecosystem. The token appeals to crypto enthusiasts due to its diverse uses. Yield farming, governance, and liquidity provision are some of the ways to leverage $OM. Users can expect low fees and fast transactions. Mantra (OM) is an ERC-20 coin that is available on networks other than Ethereum through bridging. The token is available on CEXs and DEXs.
A Bit About Mantra
$OM is the juice that keeps the OMniverse running. You can use Mantra (OM) for transactions, trading, and incentives. The L1 blockchain operates on a proof-of-stake (PoS) mechanism. Therefore, the OM coin secures the network. The network depends on validators and delegators to strengthen the blockchain through staking. Mantra (OM) grants token holders access to Guard Module. After completing KYC, which is necessary to use the Mantra network, you receive $OM, which you can stake to access dApps (decentralized applications).
The token at the heart of the OM Universe!CryptoLists.com
The OM token gives developers and retail users access to the Mantra ecosystem. Originally, the coin was built on RioChain on the Polkadot network. Now it runs on Ethereum. When Mantra launched its mainnet in 2024, it opened the door for $OM to do a lot more. For one, it made it possible to bridge tokens. The mainnet also allowed users to stake $OM to boost network security. Mantra (OM) supports several financial services that contribute to the network's goal of decentralizing traditional finance. Lending and borrowing are examples. Asset holders can lend their tokens on an interest basis.
Utility of Mantra?
The value of cryptocurrency lies in its utility. A token with multiple use cases is an advantage because it delivers a high return on investment. While Mantra (OM) isn't the most versatile of coins, it has several utilities that cater to different types of asset holders.
Staking
Mantra (OM) is similar to many crypto coins for users looking to generate a passive income. The token supports staking. Therefore, you can get something extra from your assets. Staking is available directly on the Mantra web app. Alternatively, you can stake on various exchanges. After a specific period, your staked $OM earns additional coins. Staking also gives you access and incentives. As a staker, you benefit from new token issuances and airdrops. Hence, you can be among the first asset holders to capitalize on offerings from partner DAOs. Staking could also bring you additional rewards when new projects launch.
Earn Interest
Another way the token generates income is by collecting interest. $OM is part of the Mantra money market protocol. Users can contribute to crypto assets by putting up some of their coins for lending, which provides liquidity for borrowers. In exchange, they earn interest.
Governance
If you are the type of user who prefers to be proactive in the crypto space, then you might want to leverage $OM's governance ability. Mantra exists on community governance. It means that the project's direction depends largely on how members vote. The Mantra token gives owners voting rights. If you hold a certain number of coins, you vote on certain issues affecting the ecosystem, such as protocol integrations, chain upgrades, and app development.
Collecting Karma Points
Mantra has a Karma Protocol designed to boost user reputation. The OM token is connected to this system. By contributing positively to the project, you can earn Karma Points and improve your standing in the ecosystem. A high Karma score offers perks such as lower fees, more staking rewards, and favorable loan rates.
Mantra Price details
ETH Contract address: 0x3593d125a4f7849a1b059e64f4517a86dd60c95d
›› Details & Tokenomics
›› OM tokenomics and social media
Advantages of Mantra
+ Mantra (OM) allows you to earn a passive income through staking+ The voting rights earned from $OM enable active participation in the community
+ Owning OM tokens allows you to exploit the full potential of the Mantra ecosystem, such as dApps
+ $OM is easy to buy, sell, and trade, thanks to its availability on popular exchanges
+ Staking Mantra (OM) qualifies you for different rewards from the project
Disadvantages
- Market uncertainty exposes token holders to risks when investing- As a crypto token, Mantra (OM) is extremely volatile, with its worth dependent on market conditions
- Despite launching in 2020, the token has limited adoption
- The coin's success, and consequently, its value, heavily relies on the performance of the Mantra ecosystem
- DeFi is a crowded space with more established protocols and tokens than $OM
Costs
▪ Rated at 8.5/10The token is used to cover gas fees on the Mantra network. They typically support coin minting and burning. $OM trading fees range between 0.1% and 1.99% on different crypto exchanges. The coin's withdrawal fees vary across exchanges too. They range from $0.51 to $2.25. Compare withdrawal fees from different exchanges to settle on the best one.
Reputation and Buzz
▪ Reputation rated at 9/10▪ Buzz rated at 9/10
DeFi remains an interesting part of the cryptocurrency world, regardless of how many projects are on the scene. Mantra DAO tried to do something different by merging blockchain technology with traditional finance. The project's founders are experts in different areas of crypto, including DeFi. Their backgrounds inspired confidence, which is why Mantra boasts support from notable partners.
These include Hex Trust, Google Cloud, Anchorage Digital, Coin Gecko, and SwissBorg. Mantra's promise of decreased costs and complexities appealed to retail users and developers. The token has stiff competition, but its supportive community does an excellent job of drumming up buzz for new issuances and projects. Mantra's consistent appearance at top events in the crypto space continues to draw attention to the ecosystem and its token.
You can keep up with Mantra and its native coin on the official social media pages.
FAQ
Who founded Mantra (OM)?
John Patrick Mullin, currently the CEO of Mantra, co-founded the project. He's a fintech entrepreneur with a background in blockchain technology and DeFi. Jayant Ramanand, a blockchain expert and educator, is a co-founder.
Where can I purchase $OM?
The Mantra token is available at centralized and decentralized exchanges. Some of the major exchanges where you can buy the coin are Binance, KuCoin, and Bitrue. Compare several exchanges to get the best fees.
What is $OM's lowest price?
The lowest price for the Mantra (OM) token was $0.0175. It was recorded in October 2023.
Should I invest in Mantra (OM)?
The coin has been on an upward trend and draws positive outlooks for the future. However, as with any other blockchain asset, $OM is a risky investment. Apart from price volatility, the token faces technical risks. Evaluate the pros and cons before investing in it.
History of Mantra
August 2020 – Mantra DAO launches its ecosystem, introducing its native coin – $OM.
August 2022 – The Mantra DAO project rebrands to Mantra.
October 2024 – OM's role in the ecosystem expands with the launch of the Mantra Mainnet. The mainnet allows users to earn on-chain rewards and complete missions in exchange of Karma.
December 2024 – $OM records its highest price ever at 4.55, which was a 90%+ increase on its value when the coin launched.
Screenshots from Mantra
More sites where to buy/sell/trade Mantra
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
Mantra details and tokenomics
BNB Contract address: 0xf78d2e7936f5fe18308a3b2951a93b6c4a41f5e2
MATIC Contract address: 0xc3ec80343d2bae2f8e680fdadde7c17e71e114ea
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📋 Review Information
Last reviewed: February 6, 2025
Available official sources:
- Official website
- Whitepaper/Technical documentation
- Blockchain explorer
- Security audit report
Disclaimer: This review is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk. Always conduct your own research before investing.
