
guagnmingqin2
@guagnmingqin2
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In September 2022, Mantra is preparing to create its own chain.
In February 2024, $OM decided to be the official token of Mantra Chain.
On October 10, 2024, Mantra Chain mainnet was released.
As of December 17, 2024, 37.2m $OM have been bridged from the EVM to the Mantra mainnet. However, the token cap has doubled to 1,777,777,776. Half of the tokens have been minted on the Mantra mainnet, and the project can mint more tokens to increase the cap.
Technically speaking, Mantra is a layer-one blockchain based on Cosmos, using the consensus algorithm of POS staking (officially called POS, but I think it is more like DPOS), which is specially designed for RWA on-chain. 0 reply
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📌 Main functions provided by Mantra Chain
1. DID function (know who the user is)
That is the function of digital identity. When registering each DID, the user must bind the address of the Mantra wallet with his or her real information. After binding, a special NFT will be sent to the user.
2. Guard module (differentiate users by permissions and levels)
The Guard module, in conjunction with DID, can resolve user permissions and levels to gain access to certain special features of the application.
3. Token service (MTS, RWA tokenization)
MTS is the main function of Mantra tokenization, including the creation, management, mint, burn, freeze, distribution, confiscation and other functions of tokens. This is very different from the token functions on traditional blockchains and is added for the compliance of RWA. 0 reply
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