The cryptocurrency project MANTRA (OM) is essentially an 'on-ground OTC platform'. What is an on-ground OTC platform?
Its main operation is in over-the-counter trading, reaching a scale of $500 million.
Its operation is particularly problematic; it uses new OTC tokens to take over the old OTC sell-off, and it keeps cycling like this.
This model will inevitably run away in the later stages; by the time those unlocked chips can't be sold in over-the-counter trading, the whole scheme will collapse.
In 2023, OM's fully diluted valuation (FDV) dropped to $20 million, almost abandoned.
Under the mediation of intermediaries, a Middle Eastern capital has intervened. The Middle Eastern capital is quite strong, holding many luxury homes, resorts, and other physical assets.
After their acquisition, they kept the original CEO and replaced everyone else. They then packaged OM as a tokenized physical asset (RWAf) project to continue operations.
Under their high control, OM became the highest-gaining asset on Binance in 2024, increasing by 200 times. Moreover, the team is still promoting the 'OTC platform' business.
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Participating in a writing competition 😁
Lista
The total token supply is 1 billion.
The token distribution is as follows: Binance Megadrop 10%, airdrop 10%, investors and advisors 19%, team 3.5%, community 40%, DAO treasury 8%, ecosystem 9.5%.
1. Background of the Lista Project's Birth
In recent years, with the widespread application of blockchain technology, the cryptocurrency market has shown explosive growth, but it also faces many problems. Issues such as lack of market transparency, low transaction efficiency, and insufficient security seriously hinder its further development. The research and development team of the Lista project keenly noticed these pain points and is determined to create an efficient, secure, and transparent crypto ecosystem. They have gathered top blockchain experts, cryptographers, and elites from the financial sector worldwide, and after extensive research and refinement, the Lista project was officially launched, aiming to solve existing problems and reshape the cryptocurrency trading landscape.
2. Core Highlights of the Lista Project
Innovative consensus mechanism: Lista has abandoned traditional mechanisms like Proof of Work (PoW) and Proof of Stake (PoS), uniquely adopting a consensus algorithm called 'Dynamic Reputation Proof (PoDR)'. This algorithm combines multiple factors such as the historical transaction records of nodes, reputation ratings, and resource contributions to determine the right to account. This method not only significantly enhances transaction confirmation speed and reduces energy consumption but also incentivizes nodes to maintain good reputations, effectively improving the overall security and stability of the network. For example, under the traditional PoW mechanism, Bitcoin transaction confirmation takes an average of 10 minutes, while under the PoDR mechanism, Lista can shorten the confirmation time to seconds, greatly improving transaction efficiency and meeting the demand for instant transactions in real life.
Advanced smart contract platform: Lista has built a powerful and highly flexible smart contract platform. Unlike other platforms, Lista's smart contracts support multiple programming languages, allowing developers to quickly get started without complex learning costs. Additionally, the platform has introduced a 'visual contract auditing' tool that displays the contract operation logic through a graphical interface, enabling even non-professional technical personnel to clearly understand the contract content, effectively reducing the security risks of smart contracts. Incidents of fund theft due to code vulnerabilities on traditional smart contract platforms can be effectively avoided on Lista's platform with its advanced auditing tools, providing solid protection for user asset security.
Strong cross-chain interoperability: In the diverse ecology of cryptocurrencies, interoperability between different blockchains is crucial. The Lista project achieves seamless cross-chain interaction with mainstream blockchains like Bitcoin and Ethereum through its self-developed 'Interstellar Bridge Protocol'. Users can easily perform operations such as transferring and exchanging assets from different blockchains on the Lista platform, breaking down information silos between blockchains. For example, users can quickly and securely transfer Ether from Ethereum to the Lista chain to participate in various applications and services within the Lista ecosystem, greatly expanding the usage scenarios of crypto assets and enhancing asset liquidity.
OM/FUN/BB/API3/LTO
