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 as it does not have its own blockchain. This cryptocurrency, built on the Ethereum platform, was created as an ERC-20 token. The question of what OM coin is can be answered like this. So, what does the OM coin do?
What is OM Coin used for?
OM Coin is used in many transactions that can be carried out within the Mantra DAO project. For example, cryptocurrencies can be created, issued, distributed, and managed using Mantra. Additional profits can be obtained by locking staking transactions offered by Mantra. Those who own this token may have a say in the development of the project by participating in governance processes.
Is the supply of OM coins limited?
OM Coin is a cryptocurrency developed with a limited supply. A total of 888 million of this cryptocurrency has been produced.
Who is the founder of the OM Coin?
The OM coin project was launched in 2020 by John Patrick Mallin, Rodrigo Kuan Miranda, and Will Corkin.
John Patrick Mallin is an entrepreneur specializing in DeFi, blockchain technology, digital assets, and Web3. Mallin, who first encountered Bitcoin in 2013, dedicated himself to financial technology. Mallin, who has experience in banking, is also known for founding the FinTech community in China. In fact, this initiative was the main reason for his departure from the banking sector. After this initiative, he helped create SOMA Finance, an application for decentralized finance.