Question 1

What is Mantra (MANTRA)?

Accepted Answer

Mantra is the native staking coin of MANTRA Chain, an EVM-compatible Layer 1 blockchain that the project positions around real world asset tokenization and compliance-ready infrastructure.

The MANTRA token traces back to OM, which the project says launched in 2020 as an ERC-20 token on Ethereum with a hard cap supply of 888,888,888. The project later built MANTRA Chain and adopted OM as the chain’s native staking coin following a community proposal.

Initially built on Rio Chain, a Substrate-based blockchain designed for compatibility with the Polkadot ecosystem, MANTRA aims to address limitations in existing DeFi platforms, such as interoperability and governance inefficiencies. MANTRA’s infrastructure incorporates tools to support decentralised identity (DID), Know Your Customer (KYC), and Anti-Money Laundering (AML) compliance.

The network’s token underwent a ticker transition and redenomination tied to a 1:4 token split where 1 OM became 4 MANTRA and the maximum hard cap became 10,000,000,000 MANTRA.

Question 2

What is Mantra (MANTRA) used for?

Accepted Answer

MANTRA Chain documentation describes the token as the network’s native staking coin used within the chain’s proof-of-stake security model, with different applications.

* **Governance:** MANTRA holders can vote on proposals that affect the MANTRA ecosystem. Proposals may relate to economic parameters, platform development, new asset support, or DAO operations.

* **Staking:** Users can stake MANTRA directly or through derivative tokens (e.g., omDOT), with rewards based on performance and engagement.

* **Lending and Collateral:** MANTRA is used within MANTRA's lending systems and can be pledged as collateral for loans.

* **Access to MANTRA POOL:** MANTRA must be burned to participate in weekly MANTRA POOL drawings, which distribute staking rewards.

The project also describes MANTRA Chain as targeting DeFi and RWA tokenization, with cross-chain interoperability and support for both permissionless and permissioned application designs that can align with regulatory requirements.

Question 3

Who created Mantra (MANTRA)?

Accepted Answer

MANTRA was co-founded by:

* **John Patrick Mullin –** A fintech entrepreneur with experience in investment banking and blockchain advisory, including roles at trade.io and Tritaurian Capital.

* **Rodrigo Quan Miranda –** An entrepreneur with a background in investment banking and blockchain infrastructure, also co-founder of Immutable Technologies Corp.

* **Will Corkin –** A fintech and blockchain product strategist involved in the launch of multiple blockchain ventures, including work in the tokenised securities market.

Question 4

**Token supply and tokenomics context**

Accepted Answer

MANTRA Chain documentation states:

At genesis the chain minted 1,777,777,776 OM mainnet staking coins including a mirror of legacy ERC-20 OM supply plus additional allocations for ecosystem, contributors, investors and incentives

The 1:4 split converted OM to MANTRA and set a maximum hard cap of 10,000,000,000 MANTRA

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	MANTRA-USDT MANTRAUSDT	binance	AA	0.004090USDT	3.28%	103,901,582.00MANTRA	5,452	0.003960USDT	0.004160USDT
2	MANTRA-TRY MANTRATRY	binance	AA	0.1986TRY	3.22%	46,570,514.00MANTRA	2,430	0.1923TRY	0.2019TRY
3	MANTRA-USDT MANTRA_USDT	whitebit	BB	0.004100USDT	3.02%	45,142,247.00MANTRA	11,484	0.003980USDT	0.004180USDT
4	MANTRA-USDT MANTRAUSDT	bybit	A	0.004104USDT	3.77%	10,548,251.60MANTRA	581	0.003955USDT	0.004176USDT
5	MANTRA-USDC MANTRA_USDC	whitebit	BB	0.004080USDC	2.26%	8,614,005.00MANTRA	2,357	0.003989USDC	0.004190USDC
6	MANTRA-USDT MANTRA_USDT	gateio	A	0.004138USDT	4.28%	7,982,579.00MANTRA	402	0.003968USDT	0.004168USDT
7	MANTRA-USDC MANTRAUSDC	binance	AA	0.004100USDC	3.80%	5,526,521.00MANTRA	261	0.003950USDC	0.004150USDC
8	MANTRA-USDT MANTRAUSDT_SPBL	bitget	BB	0.004105USDT	3.45%	2,991,882.84MANTRA	878	0.003968USDT	0.004158USDT
9	MANTRA-USDT MANTRA-USDT	kucoin	BB	0.004100USDT	3.27%	2,501,236.20MANTRA	279	0.003969USDT	0.004150USDT
10	MANTRA-EUR MANTRA_EUR	whitebit	BB	0.003600EUR	3.45%	1,953,985.00MANTRA	445	0.003480EUR	0.003650EUR
11	MANTRA-USD MANTRAUSD	kraken	AA	0.004115USD	3.89%	509,234.58MANTRA	24	0.003961USD	0.004160USD
12	MANTRA-BTC MANTRA-BTC	kucoin	BB	0.0₇5340BTC	0.75%	205,254.00MANTRA	41	0.0₇5300BTC	0.0₇5390BTC
13	MANTRA-EUR MANTRAEUR	kraken	AA	0.003578EUR	4.22%	141,082.00MANTRA	10	0.003433EUR	0.003626EUR
14	MANTRA-USD MANTRAUSD	cexio	BB	0.004145USD	4.61%	13,751.40MANTRA	2	0.003962USD	0.004145USD
15	MANTRA-USDC MANTRAUSDC	cexio	BB	0.004090USDC	4.09%	6,699.40MANTRA	1	0.003929USDC	0.004090USDC
16	MANTRA-USDT MANTRAUSDT	cexio	BB	0.004044USDT	3.52%	5,994.20MANTRA	1	0.003906USDT	0.004044USDT
17	MANTRA-USD MANTRA_USD	cryptodotcom	AA	0.003805USD	-3.60%	590.00MANTRA	2	0.003947USD	0.004118USD
18	MANTRA-KRW KRW-MANTRA	upbit	B	5.85KRW	2.45%	179,712,017.01MANTRA	2,668	5.71KRW	6.05KRW
19	MANTRA-USDT MANTRA_USDT	coinw	-	0.004110USDT	3.79%	132,934,858.71MANTRA	13,946	0.003960USDT	0.004170USDT
20	MANTRA-USDT mantra_usdt	lbank	C	0.004100USDT	3.80%	99,223,884.00MANTRA	82,542	0.003950USDT	0.004160USDT
21	MANTRA-USDT mantra_usdt	xtpub	-	0.004090USDT	3.28%	61,713,363.90MANTRA	3,997	0.003960USDT	0.004150USDT
22	MANTRA-KRW MANTRA_KRW	bithumbkorea	-	6.89KRW	-1.92%	35,232,067.08MANTRA	665	7.02KRW	7.30KRW
23	MANTRA-USDT MANTRA_USDT	bitunix	C	0.004090USDT	3.54%	20,339,592.00MANTRA	6,071	0.003950USDT	0.004150USDT
24	MANTRA-USDT MANTRAUSDT	bitrue	D	0.004090USDT	3.28%	15,932,802.70MANTRA	4,848	0.003960USDT	0.004170USDT
25	MANTRA-USDT MANTRAUSDT	mexc	C	0.004110USDT	4.21%	13,505,476.95MANTRA	3,231	0.003943USDT	0.004156USDT
26	MANTRA-TRY MANTRATRY	btcturk	E	0.2038TRY	1.94%	12,582,109.00MANTRA	310	0.2000TRY	0.2064TRY
27	MANTRA-USDT MANTRA-USDT	bingx	D	0.004100USDT	4.06%	10,405,069.08MANTRA	5,834	0.003940USDT	0.004160USDT
28	MANTRA-USDT MANTRA_USDT	bydfi	-	0.004114USDT	4.31%	7,416,472.53MANTRA	3,290	0.003943USDT	0.004155USDT
29	MANTRA-USDT mantrausdt	huobipro	C	0.004224USDT	6.05%	3,938,366.49MANTRA	292	0.003983USDT	0.004351USDT
30	MANTRA-EUR MANTRA-EUR	bitvavo	B	0.003565EUR	3.21%	2,360,540.44MANTRA	68	0.003454EUR	0.003617EUR
31	MANTRA-USDT MANTRAUSDT	btcturk	E	0.004349USDT	8.64%	479,118.00MANTRA	16	0.004002USDT	0.004349USDT
32	MANTRA-USDT MANTRAUSDT	coinex	C	0.004086USDT	3.52%	293,428.85MANTRA	1,485	0.003947USDT	0.004113USDT
33	MANTRA-KRW MANTRA_KRW	coinone	C	6.15KRW	-3.15%	73,174.61MANTRA	26	6.35KRW	6.98KRW
34	MANTRA-INR MANTRAINR	coindcx	-	0.4142INR	3.58%	65,052.92MANTRA	42	0.3999INR	0.4148INR
35	MANTRA-USDT USDT-MANTRA	upbit	B	0.004087USDT	0.00%	0MANTRA	0	0.004087USDT	0.004087USDT
36	MANTRA-BRL MANTRA-BRL	mercadobtc	C	0.02585BRL	-20.52%	8,765.95MANTRA	12	0.03253BRL	0.03599BRL
37	MANTRA-BTC BTC-MANTRA	upbit	B	0.0₇5000BTC	0.00%	3,395.83MANTRA	2	0.0₇5000BTC	0.0₇5000BTC
38	MANTRA-BRL mantrabrl	foxbit	-	0.02127BRL	4.83%	2,368.50MANTRA	1	0.02029BRL	0.02127BRL
39	MANTRA-USDT MANTRA_USDT	poloniex	C	0.003840USDT	0.00%	0MANTRA	0	0.003840USDT	0.003840USDT