Why MANTRA Chain:
MANTRA Chain fills a significant gap within the Cosmos ecosystem by establishing a chain specifically catered to regulated digital assets (RWA) and tokenized assets. The Cosmos ecosystem, powered by the Cosmos SDK and underpinned by the Tendermint consensus engine, has lacked a chain tailored for regulatory compliance across a wide array of real-world assets.
Regulatory Preparedness: Recognizing the imminent global regulation of Web3 products and services, MANTRA Chain embraces these changes. It is being developed with modules compliant with regulatory standards, positioning it to utilize licenses like SOMA.finance’s U.S. licenses and pursue additional licenses in various jurisdictions.
Attracting Institutional and Retail Users: The chain’s focus on regulatory compliance aims to draw users from traditional, regulated backgrounds. This approach caters not only to current crypto participants but also to those outside the crypto space who value regulated, secure digital asset transactions.
Building on Cosmos SDK and Tendermint: By leveraging the Cosmos SDK and the Tendermint consensus mechanism, MANTRA Chain ensures high-performance, consistent, and secure BFT consensus. This technology is ideal for scaling diverse blockchain types, from public chains like EVMOS to permissioned or consortium chains.
Security and Compliance Monitoring: With robust security measures in place, MANTRA Chain allows developers to create projects and applications seamlessly, fostering a diverse ecosystem of Web3 applications focusing on payments, real-world assets, and more.
Vision for a Diverse User Demographic: MANTRA Chain aims to be proactive and forward-thinking, ready to capitalize on the increasing wave of regulatory requirements worldwide. Its foundation on the Cosmos SDK and Tendermint consensus positions it as a secure and scalable solution within the blockchain space.
Why Build on MANTRA Chain:
- Compliance Advantage: Offers a compliant platform for applications, granting access to regulated digital assets and fostering transparency.
- Web3 Yield Engine: Encourages builders to develop on MANTRA Chain, benefiting from its sustainable yield engine.
- Interoperability: Utilizes Tendermint for consensus, connecting with numerous other zones through the Cosmos Hub and IBC protocol.
Key Features and Products:
- Tokenization of Real-World Assets: Facilitates easy trading of assets like art or real estate once tokenized.
- Identity System: Implements a Decentralized ID system for KYC/KYB, ensuring secure and transparent user onboarding.
- Fiat On/Off Ramps: Provides compliant services for fiat and digital asset transactions.
- Governance: Features on-chain governance for ongoing community-driven improvements.
- IBC Compatibility: Ensures seamless token transfers across different zones without intermediaries.
MANTRA Chain Use Cases:
- Tokenization: Simplifies ownership transfer of tokenized assets through a secure and transparent blockchain ledger.
- Identity System: Enhances security and reduces fraud with effective AML/CT screening.
- Governance: Allows community participation in decision-making, setting MANTRA Chain apart from networks without on-chain governance.
MANTRA Chain Ecosystem:
MANTRA Chain will launch with a robust ecosystem, including compliant dApps from established brands like SOMA.finance and MANTRA Finance, and partnerships with on/off-ramp providers. This pre-built ecosystem positions MANTRA Chain as a diverse and dynamic platform within the Cosmos ecosystem.
Details about the tokenomics and functionalities of the $AUM token are expected to be announced soon by the team.
Based on team’s tweets and interviews it appears that $ATOM Stakers, and possibly others, will be receiving $AUM Airdrop when it launches. More details will be announced by the team in the coming weeks.