OM
No. 114Price
Markets
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1. Project introduction
MANTRA Finance (MF) is a fully compliant and regulatory friendly multi-asset platform that seeks to serve as a bridge between Traditional Finance (TradFi) and Decentralized Finance (DeFi) to facilitate DeFi participation by both institutional and individual retail investors. Mantra also aims to be the first RWA Layer 1 blockchain, capable of adherence and enforcement of real world regulatory requirements.
2. Team introduction
CoFounder: John Patrick Mullin
https://www.linkedin.com/in/john-patrick-mullin/
CoFOunder: Jayant Ramanand
https://www.linkedin.com/in/jayant-ramanand/
CTO: Matthew Crooks
https://www.linkedin.com/in/mcrooks/
3. Investment institution
Announced a round of $11M last week: Shorooq Partners*, Caladan, Hex Trust, Token Bay Capital, GameFi Ventures, Mapleblock, Fuse Capital, Three Point Capital, Forte Securities, Virtuzone, 280 Capital
4. Token application and distribution
Token application:
The team propose establishing a PoS Bridge that will allow users to transfer their EVM-based OM onto the MANTRA Chain upon the mainnet's release - and vice-versa, creating an environment of expansion rather than replacement of EVM OM. To be clear, we are not deprecating the ERC20 OM token.
Token distriibution:
- Public Distrbution: 8.5%
- Private Distrbution: 9%
- Team & Advisors: 17.5%
- Staking Rewards: 30%
- Referrals: 12.5%
- Reserves: 10%
- Grants: 12.5%
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