Security-Staked Tokens Now Set for Burn

The 150 million OM tokens in question were staked at the time of mainnet launch in October 2024 to help secure the network. The unstaking process is currently underway and will be completed by April 29, 2025. After this, the tokens will be permanently removed from circulation by being sent to a designated burn address.

Significant Reduction in Total Supply and Staked Tokens

Following this burn, OM’s total supply will decrease from 1.82 billion to 1.67 billion tokens. Meanwhile, the amount of staked OM will drop from 571.8 million to 421.8 million tokens. This will reduce the bonded ratio from 31.47% to 25.30%, which is expected to positively impact staking rewards (APR) across the network.

Transparent and On-Chain Execution

Once the burn transaction is finalized, it will be fully verifiable on-chain, ensuring complete transparency. MANTRA has reiterated its goal to conduct this process in a way that strengthens user trust and reflects its decentralized values.

Another Burn on the Horizon?

In addition, MANTRA is in discussions with key ecosystem partners to implement an additional burn of 150 million OM tokens. If executed, this would bring the total burn to 300 million OM, significantly enhancing the token’s deflationary nature and long-term value proposition.

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The updated list is categorized as follows:

• Smart Contract Platforms: Aptos (APT), Arbitrum (ARB), Babylon (BABY), Berachain (BERA), Celestia (TIA), Hedera Hashgraph (HBAR), Mantle (MNT), Monad, Movement (MOVE), Toncoin (TON), TRON (TRX), VeChain (VET)

• Financial Services: Aerodrome (AERO), Binance Coin (BNB), Ethena (ENA), Hyperliquid (HYPE), Jupiter (JUP), Lombard, Mantra (OM), Maple (SYRUP), Ondo Finance (ONDO), Pendle (PENDLE), Plume Network (PLUME)

• Culture and Meme Coins: Aixbt by Virtuals (AIXBT), Eliza (ELIZA), Immutable (IMX), Story (IP)

• Special Use Case Tokens: Akash Network (AKT), Artificial Superintelligence Alliance (FET), Arweave (AR), DeepBook (DEEP), Eigen Layer (EIGEN), Geodnet (GEOD), Grass (GRASS), Helium (HNT), Jito (JTO), Prime Intellect, Sentient, Space and Time, Walrus (WAL)

What Altcoins Did Grayscale Add to Its List?

These are the assets that were not present in the previous review and have now been added to Grayscale’s consideration list:

Babylon (BABY), Berachain (BERA), Monad, Movement (MOVE), VeChain (VET), Lombard, Mantra (OM), Maple (SYRUP), Plume Network (PLUME), Aixbt by Virtuals (AIXBT), Eliza (ELIZA), DeepBook (DEEP), Geodnet (GEOD), Walrus (WAL).

Grayscale currently manages approximately $20 billion in crypto assets. Its largest funds are Bitcoin with around $16 billion and Ethereum with about $2.5 billion. The total value of all other crypto asset funds combined stands slightly above $1 billion.

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While major cryptocurrencies like Bitcoin and Ethereum have lost value over the past seven days, some altcoins have presented opportunities for investors to enter or exit the market.

Santiment evaluated these altcoin projects using the MVRV Opportunity & Danger Zone Model.

MVRV Ratio: A Signal for Buying and Selling

The Market Value to Realized Value Ratio (MVRV) is obtained by dividing the market value of a cryptocurrency by its realized market capitalization. An increase in this ratio indicates that people are more willing to sell that cryptocurrency.

Santiment revealed that Basic Attention Token (BAT), Chromia (CHR), and Highstreet (HIGH) projects are currently in a good buying zone.

All three of these altcoin projects have seen significant declines in recent times. Over the past seven days, BAT has fallen by 24.5%, CHR by 33.9%, and HIGH by 76.9%.

Despite the general decline in the cryptocurrency market, some altcoins have recently moved upwards.

Santiment noted that Ethereum Name Service (ENS), MANTRA (OM),

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Introduction

The MANTRA blockchain ecosystem (launhced in 2020) is vertically integrated. The ecosystem, which was once known as MANTRA DAO, is notable for its transparent approach to cryptocurrency trading, fund-building, and innovation. Its mission is to make crypto-pioneering personal, safe, and secure.

What is OMniverse?

As part of its rebranding, MANTRA reorganized into the OMniverse, an umbrella term for the whole MANTRA ecosystem. A total of four stacks make up the MANTRA OMniverse, which includes all of the many offerings to individual and institutional investors. Every one of the four stacks—MANTRA Nodes, MANTRA Chain, MANTRA Finance, and MANTRA DAO—includes a unique set of cutting-edge MANTRA ecosystem goods.

MANTRA NODES

The OMniverse’s vertically integrated stack rests on MANTRA Nodes, its cornerstone. Increasing the number of options for the Sherpa community to earn yield across several blockchains is the principal goal of the node operations, which also serve to fund the company. In addition, these validator nodes help MANTRA expand its ecosystem into new institutional spaces by establishing a presence on other blockchain networks. It also creates chances to grow MANTRA’s DeFi ecosystem, which supports many chains.

Institutions and individuals alike can take advantage of MANTRA’s Validator Node Operations setup thanks to its Infrastructure as a Service (IaaS) offering. Node administration, on-chain and off-chain retail staking, institutional nodes, and cloud/white-label node creation and deployment are all part of the MANTRA Nodes service line.

MANTRA Chain

The Cosmos ecosystem uses MANTRA Chain as its protocol. With the help of the IBC module, it can communicate with other blockchains in Cosmos, giving programmers the resources they need to create web3 apps, games, and even safe decentralized exchanges (DEXs). This builder-friendly network is compatible with the Ethereum Virtual Machine (EVM) and brings together the robustness and adaptability of the Ethereum and Cosmos ecosystems.

In addition, for all Know Your Customer and Anti-Money Laundering requirements, MANTRA Chain employs a robust decentralized identify (DID) protocol. This module makes it easier to build goods with improved ecosystems and features.

MANTRA Finance and Roadmap

For both large institutions and private savers, Mantra Finance offers a wide range of financial services through its multi-asset platform. To do this, they collaborate with authorities worldwide to design financial products that meet the requirements of many jurisdictions’ legislation, thus bridging the gap between centralized and decentralized finance.

There are two big issues that Mantra Finance fixes. The first is making sure that government policies are in line with investment opportunities so that institutional investors have a secure environment in which to put their money. Secondly, Mantra can reduce fraudulent activity by bad actors and gain customers’ trust with its decentralized identification system.

Both single-asset and multi-asset vaults are two of Mantra’s primary financial offerings.

MANTRA Finance’s goal is to offer a full-featured DeFi platform that meets the needs of all kinds of investors. This platform will let users do things like actively trade and passively invest in certain asset classes, and it will also let them make money. Users must be able to successfully complete the KYC onboarding process and reside in jurisdictions where using the platform does not expose them to any regulatory risks. This will help protect users and counterparties and minimize risk for all participants in the ecosystem.

MANTRA DAO

The transparent governance process has been at the heart of MANTRA’s mission to involve the community from the beginning, and the organization has continued to place an emphasis on community involvement at all stages. With the hope of expanding its user base beyond the OMniverse and Sherpas, M DAO is working to standardize its story and protocol framework for use by other projects.

The stack provides DAO services that enhance the productivity of many DAO business operations, such as HR management and finance, in a safe way. Treasury administration, DAO issuance and launchpads, DAO governance and grants, DAO staking, and DeFi are just a few examples of DAO solutions.

The first decentralized exchange and DAO (DEX/DAO) on the Hedera network was HeliSwap, while the first substrate-based money market on the Astar network on Polkadot was ZENSTAR.

The OM Token

Among OMniverse’s many uses for its native token, OM, are:

• Participation in governance votes, the issuance of recommendations, and the suggestion of product enhancements are all within the purview of OM stakeholders.
• For passive yield income, you can stake OM on Binance or directly in the MANTRA web app.
• As an incentive, OM stakeholders will get first dibs on any future DAO token issuances and will also be the first to know about any DAO token airdrops that MANTRA’s partners host.

MANTRA’s Team and Background

Members of the MANTRA Finance development and management team bring a wide range of expertise to the table, including several years of experience in banking, trading, digital assets, and cryptocurrency. In order to provide the platform’s users with creative and effective solutions, the team is combining their knowledge of traditional finance (TradFi) and decentralized finance (DeFi) to create a holistic solution.

With a diverse range of expertise and deep understanding of various financial products and services, team at MANTRA Finance is prepared to build a platform that meets all regulatory requirements, is easy to use, and allows users to safely and efficiently access DeFi’s benefits.

Conclusion

As a decentralized autonomous organization (DAO) and now establishing its chain, Mantra has come a long way in the past two years. The integration of traditional banking and decentralized finance (DeFi) is a very adventurous endeavor that Mantra has undertaken because of its ambitious nature.

Furthermore, Mantra has a strong history of bringing its community along with them during each and every step that they take. Consequently, this helps to cultivate trust and transparency, both of which are essential components of the accomplishment of any project.

Also, it is essential to keep in mind that the cryptocurrency sector is not devoid of dangers, despite the fact that MANTRA’s primary objective is to provide its customers with a safe, secure, and individualized financial environment. Understanding the services that are offered within the OMniverse will be easier for you to comprehend if you become familiar with the infrastructure of MANTRA.

References:

https://www.mantra.finance/

https://www.mantrachain.io/

https://docs.mantra.finance/

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Top 3 RWA Tokens Whales Are Buying For 100X Profit In 2024

1. Ondo Finance (ONDO)

Ondo (ONDO) is governed by stakeholders who steer the Ondo DAO’s mission to democratize elite financial solutions. The DAO empowers ONDO holders with unique privileges related to Flux Finance, overseen by the Ondo DAO. With BlackRock entering the realm of RWA tokenization, attention is focused on Ondo Finance.

The flagship cryptocurrency of Ondo Finance, ONDO, has experienced a significant surge, witnessing a 90% increase in value within a month. This rapid growth has expanded ONDO’s market presence, with its market cap doubling recently. Notably, large investors, often referred to as whales, have demonstrated strong interest in ONDO by moving substantial quantities of the token off exchanges. This trend reflects growing confidence in tokens backed by real-world assets.

Currently, ONDO is priced at $0.8561, experiencing a slight dip of 7.46%. Ranked 90 on CoinMarketCap, ONDO boasts a live market cap of $1.2 billion. With bullish momentum continuing, there’s anticipation of ONDO reaching new heights in 2024.

2. MANTRA (OM)

MANTRA (OM) is a pioneering Security RWA Layer 1 Blockchain designed for seamless integration and compliance with existing regulatory frameworks. Targeting both institutions and developers, MANTRA provides a permissionless infrastructure supporting permissioned applications effortlessly.

MANTRA recently launched its Hongbai Testnet, aiming to innovatively merge DeFi with traditional finance. By leveraging the Cosmos SDK and IBC protocol, MANTRA ensures compatibility across different blockchains, targeting the vast $16 trillion RWA market and redefining asset interaction in the financial sector.

3. Florence Finance (FFM)

Florence Finance (FFM), ranking third on the list, is a newcomer that is yet to be listed on tier 1 or 2 CEXes, presenting a narrative for potential growth. Led by Chiel Ruiter, a former Managing Director at Goldman Sachs and UBS, and Leo Greve, with extensive experience at ING Bank and Citigroup, Florence Finance aims to democratize access to the RWA ecosystem for both large and small crypto investors.

Integrating with stablecoins like USDC, EURS, and EURA issued by Circle, STASIS, and Angle Protocol enhances transparency and stability, leveraging Stasis & Angle’s prominence in the Euro stablecoin market.

In conclusion, the anticipation surrounding RWA tokens like ONDO, OM, and Florence Finance (FFM) is driven by their potential for significant returns. As whales accumulate these tokens, the outlook for their market performance in 2024 remains optimistic, underscoring the dynamic nature of the cryptocurrency market.

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