MANTRA (OM)

Staking

MANTRA lets users lock up their tokens to support blockchain networks and earn rewards in return. It supports various Proof-of-Stake (PoS) and Delegated Proof-of-Stake (DPoS) blockchains.

Lending and Borrowing

Users can lend their crypto to others or borrow assets, often using their tokens as collateral, enabling access to liquidity without selling.

Governance

Token holders participate in decision-making for the MANTRA ecosystem by voting on proposals, helping shape the platform’s future.

DeFi Ecosystem

MANTRA provides a community-governed, decentralized finance platform that combines staking, lending, and governance with institutional-grade security and easy access to crypto and tokenized assets.

Pros

• Staking rewards and opportunities to earn passive income by locking tokens.
• Governance participation allows token holders to vote on project decisions.
• Strong community support and active development.
• Focus on real-world asset tokenization, bridging traditional finance and DeFi.
• Cross-chain lending and borrowing features increase flexibility.
• Regulatory compliance efforts aiming to build trust and security.
• Scalable and interoperable blockchain infrastructure within the Cosmos ecosystem.

Cons

• Limited use cases compared to some larger DeFi projects.
• Faces strong competition from many established DeFi platforms.
• Token value is closely tied to the success of the MANTRA DAO platform.
• Experienced extreme price volatility and rapid market cap drops in the past.
• Allegations of large token dumps by insiders have affected market confidence.
• Technical and market uncertainties remain due to the evolving crypto space.

Founders of MANTRA

MANTRA was co-founded by John Patrick Mullin, Rodrigo Quan Miranda, and Will Corkin. John Patrick Mullin is also the CEO and a key figure in the project, focusing on building a blockchain for tokenizing real-world assets.

Strategic Investors

MANTRA has key strategic investors including Laser Digital and Shorooq Investors. These investors are involved in the MANTRA Ecosystem Fund, which is a $108 million initiative to support projects within the MANTRA ecosystem.

Community and Partners

The MANTRA team and community also play a role as investors and supporters, contributing to the platform's development and governance.

Public Investors

MANTRA tokens are held by a wide range of public investors and traders on various exchanges, reflecting broad market participation.

Notes on Recent Events

There have been reports and discussions about token movements by some investors before a major price drop in April 2025, but the MANTRA team has denied insider dumping and clarified wallet labels in transparency reports.

Halal Status of MANTRA

• Yes, MANTRA is considered halal by Islamic finance screening sources.
• It uses a Proof of Stake consensus mechanism and focuses on regulatory compliance.
• MANTRA does not involve interest (riba) or prohibited activities, aligning with Shariah principles for halal crypto investments.