OM coin stands out as one of the innovative projects that offer new opportunities in the blockchain world. Mantra coin, which can be used in various areas from tokenizing real-world assets to decentralized identity systems , works on a high-performance infrastructure. So, what is OM coin and why is it talked about so much in the crypto community? In this article, we will take a look at the basic features offered by the OM coin, or Mantra DAO project, and what makes this project special.
What is the OM Coin Project?
It is a layer 1 blockchain for RWA‘s, known as financial instruments that represent physical assets in the real world. It offers permissionless blockchains for permissioned applications that do not require any central authority.
Thanks to the Mantra project, Web3 applications can be created without permission on a high-performance, scalable blockchain architecture. In addition, those who want can create their own digital assets with this project. All these processes are greatly facilitated thanks to the compatibility tools offered by Mantra. In addition to all these, the OM coin project has been developed as a decentralized exchange. Thanks to this platform, cryptocurrency trading, staking and similar financial transactions can be made.
Additionally, the OM coin (Mantra) platform provides users with some innovative features, some of which are as follows:
- Real world assets can be tokenized,
- The “DID” identity system, known as Decentralized Identity, is implemented, allowing any user to register without permission. Thus, it can be included without permission via the central chain. In this way, the ecosystem can be used with a one-time registration process, as in centralized systems.
- With On Ramp and Off Ramp, both individual and corporate users can buy and sell various assets such as fiat currencies, stocks, tokenized securities and digital assets in accordance with legal regulations,
- Mantra chain community members can be involved in governance processes. With the active participation of community members, this project can continuously improve.
What is OM Coin?
OM coin is the native cryptocurrency of the cryptocurrency project called Mantra. Although it is called a coin, it is essentially a token since it does not have its own blockchain. This cryptocurrency developed on Ethereum was created as an ERC-20 token. The question of what is OM coin can be answered in this way. So, what is OM coin used for?
What is OM Coin used for?
The OM coin is used in many of the operations that can be performed by the Mantra DAO project. For example, cryptocurrencies can be created, issued, distributed and managed using Mantra. Additional returns can be obtained by locking in staking transactions offered by Mantra. Those who own this token can have a say in the development of the project by participating in governance processes.
Is OM Coin Supply Limited?
OM coin is a cryptocurrency that has been developed with a limited supply. 888 million of this cryptocurrency have been produced.
Who is the Founder of OM Coin?
The OM coin project was launched in 2020 by John Patrick Mullin, Rodrigo Quan Miranda and Will Corkin.
John Patrick Mullin is an entrepreneur focusing on DeFi, blockchain technology, digital assets, and Web3. Mullin, who first encountered Bitcoin in 2013, is devoted to financial technologies. Mullin, who has been involved in banking in his past experiences, is also known for establishing a community in the FinTech field in China. In fact, this initiative was the main reason behind his leaving the banking sector. After this initiative, he helped establish SOMA Finance, a decentralized finance application. In addition to all this, Mullin has been an educator and speaker at leading educational institutions in the world such as Harvard University.
Rodrigo Quan Miranda is the co-founder of SOMA Finance, as well as the OM coin (MANTRA) project. Working in investment banking, Miranda also worked as a digital transformation consultant for part of his career. He also launched BlockSmith, an infrastructure service provider for Proof of Stake blockchain ecosystems, and simultaneously worked as a strategic advisor at an institution with an investment-focused new technology. In addition to these experiences, he worked as a managing director at a technology consultancy and R&D company.
Will Corkin is another co-founder of the Mantra project. His name is also taken from SOMA Finance, where he served as COO. Corkin started his career as a sales manager and continued his career as a portfolio manager. Later, Corkin worked as a consultant and strategy director at a financial institution based on blockchain technology and became a partner in a community that brings together FinTec entrepreneurs and startups with leaders and experts in financial services. In addition to these experiences, Corkin, who also worked on an AI-powered discovery application and marketing platform, became a co-founder of the Asia Security Token Alliance, Asia’s local security token community. Corkin, who is also known for being an ambassador at Polkadot, is also a founding partner in the HeliSwap project in addition to the Mantra DAO project.
OM Coin Future
The future of OM coin can be much brighter with the innovative solutions and wide usage area that the Mantra project it represents offers today and will offer tomorrow. When it is desired to make an inference about how much OM coin will be, this discourse can be taken into consideration. The basis of being able to comment on OM coin is based on this, but there is much more.
Being a player in the world of decentralized finance (DeFi), tokenizing real-world assets (RWA), allowing users to join the permissionless decentralized identity (DID) system, and offering legally compliant on-ramping and off-ramping services, Mantra coin could create an even larger user base and a strong ecosystem in the future.
The future of OM Coin is also shaped by the active participation of the Mantra community. Community members can directly contribute to the development of the project by staking OM Coin and participating in governance processes. This participation model plays a critical role in the long-term success of OM Coin.
In addition, OM coin’s high-performance and scalable blockchain infrastructure will allow more Web3 applications to be built on the Mantra ecosystem in the future. This could further expand the value and usage area of OM coin. As the Mantra project continues to provide innovative solutions, the future of OM coin could continue to gain influence and importance in the cryptocurrency world.
Where to Buy OM Coin?
For those who want to buy OM coin, ICRYPEX cryptocurrency exchange is an ideal platform that offers many advantages. With its reliable and user-friendly interface, ICRYPEX platform stands out, you can quickly find answers to questions such as “How much is OM coin” and easily analyze prices. Advanced graphics and trading tools allow users to quickly and efficiently perform OM coin purchase and sale transactions. By purchasing OM coin on ICRYPEX, you will have a safe investment experience and evaluate the opportunities in the market.
