Mantra DAO is a DEFI or decentralized finance community, this implies that it's focus is to give wealth back to the individuals of the blockchain community without any financial intermediaries. It does this through staking, lending and governance.
By staking, Mantra DAO allows its users to lock or hodl it's cryptocurrency which is the OM token in order to support it's security and operations in the blockchain network and at the same time receive cool rewards.
Lending implies that community hodlers of Mantra DAO digital token, the OM token can lend it to borrowers who need loan in exchange for a stipulated interest rate. It is a transparent platform with user friendly technologies.
The OM token can be given as a reward for contributing positively to the platform and for other services. It can also be bought on the crypto market.
In terms of governance, Mantra DAO allows anyone in the community who meets their laid down standards to be part of their great team involved in making governance decisions for the blockchain as investors and developers. To enjoy these incentives, one must hodl the OM token.
Mantra DAO has also put in place adequate measures of security. The security of cryptocurrency assets is one of the most important elements in the
blockchain industry. Many blockchain companies have failed due to poor security
procedures. Most security breaches could have been prevented by taking simple
precautions to protect critical resources.
MANTRA DAO will integrate a mix of non-
custodial and custodial wallet solutions depending on the specific service
offerings. When custody is required for specific services, MANTRA DAO will
use and leverage Rio Chain’s enterprise-grade security solution that utilizes the
strongest encryption technology available in order to have absolute trustworthiness.
As security is of the utmost importance, MANTRA DAO will focus on offering
non-custodial services for its initial staking business line through Delegated
Proof of Stake (DPoS) tokens. By utilizing and working with cryptocurrencies
that are DPoS, MANTRA DAO is able to greatly reduce security risk as it will
not be handling any of its members’ digital assets, having them remain at all
times in the members’ custody. As additional tokens are offered that are
Proof of Stake (PoS), the use of more security measures will be applied.
Mantra DAO is a full blown project, we thought about everything required to be able to fit in, thrive and soar in the crypto space. We are interested in the people of the blockchain community, we ate interested in their progress, helping them to be financially buoyant through the staking, lending and governance. We are also concerned about the effort that will be put into making this community grow hence the introduction of reward tokens.
Since we now the importance and care being put into making this a success, we also employed security measures to make our crypto safe and our users feel at ease concerning their assests.
We invite you to have a stake in our community.
Source : MANTRA DAO whitepaper version 1.0 June 2020