OM coin, also known as MANTRA, is a cryptocurrency that powers the MANTRA DAO ecosystem. It's a Security-first RWA Layer 1 Blockchain designed to handle real-world regulatory requirements while maintaining the decentralized ethos of blockchain technology ¹ ².
*Key Features:*
- *Built on Cosmos SDK*: MANTRA is built using the Cosmos SDK, making it compatible with the Inter-Blockchain Communication (IBC) protocol.
- *Secured by PoS Validators*: The network is secured by a sovereign Proof-of-Stake (PoS) validator set, ensuring the integrity of transactions.
- *Scalable*: MANTRA can handle up to 10,000 transactions per second, making it a scalable solution for various use cases.
- *Regulatory Compliance*: MANTRA's blockchain platform is designed to meet global regulatory mandates, making it attractive to institutions and developers ¹ ³.
*Price and Market Performance:*
The current price of OM coin is around $0.52, with a 24-hour trading volume of approximately $151 million. The market capitalization of OM coin is around $494.49 million, with a fully diluted valuation of $938.45 million ⁴ ¹.
*Use Cases:*
OM coin serves as a utility and governance asset within the MANTRA DAO ecosystem, enabling users to:
- Participate in governance decisions
- Stake tokens and earn rewards
- Access DeFi services, such as lending and borrowing
- Engage in a savings game to earn rewards through MANTRA Pool ⁵
*Recent Developments:*
- MANTRA founder burned $82 million OM tokens to rebuild trust following a significant crash.
- Large crypto holders accumulated OM tokens, suggesting optimism and potential price increases ⁵.