MANTRA
Crypto Overview
Overview
MANTRA (OM) is a blockchain platform that aims to provide DeFi services, staking, and cross-chain integration solutions. The platform was launched in 2020 by MANTRA DAO, focusing on providing staking services, lending protocols, and governance mechanisms.
Intended Utility
The OM token serves multiple purposes within the MANTRA ecosystem: governance rights for protocol decisions, staking rewards, and access to platform services. It's designed to facilitate the operation of validator nodes and participation in the platform's decision-making processes.
Actual Utility Assessment
The token demonstrates actual utility through its staking mechanism and governance functionality. Users can participate in network validation and earn rewards through non-interest based staking. The platform has maintained active development and regular updates to its infrastructure.
Token Distribution and Founder Analysis
Initial token distribution included vesting periods for team members and early investors. The project maintains transparency regarding token allocation and has shown consistent development rather than pure marketing focus. The founding team has maintained involvement in the project's development since launch.
Technology and Revenue Model
While MANTRA includes staking features, these operate on a profit-sharing model rather than traditional interest-based returns. The platform's cross-chain functionality and validator systems align with permissible technological advancement in blockchain.
Crypto Impact
To assign a comfort level investing in MANTRA from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to MANTRA.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.