Mantra DAO, Community centred.

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Avatar for Don_Christov
3 years ago

My first encounter with Mantra DAO was when they just got listed on Binance and they were consistently in the list of most traded pairs. I made some profit trading them and it piqued my interest in the project and after I researched about them I got interested with what they were and what they stood for. They are a project that has their Community at heart always, it's out of this world the way they are so Community focused. But what exactly is Mantra Dao though? Lets jump straight into that discussion.

Mantra Dao first of all is a Decentralized Autonomous Organization (DAO), offering staking and lending options to users. But like I mentioned earlier they are Community focused, and they offer a whole lot more benefits to those who choose to join the project more then just staking and lending. Members of the community who choose to stake, lend or hold their tokens are rewarded with their native OM tokens. The users can use their OM tokens as collateral when taking a loan from Mantra Dao, and lenders get interest for making their funds available for others to borrow. Holders of OM are not left out, they also get rewarded, they gain voting rights on Mantra’s DAO. This means that OM holders get to vote before important decisions are decided upon for the Community and project, that my friends is putting the community first.

If those aren't enough reasons to love Mantra DAO I don't know what else is really. Anyone and any project can come up with staking features in the market today, anyone can begin lending and borrowing especially with all the new Defi tools at your disposal. Almost everyone out there now offers staking options, even wallets like Atomic Wallet and exchanges like Binance now offer staking options, but to put your community first in this manner, to make them the centre of your project and what you do, to make them an essential part of your governance, and to reward them for giving to the project in this manner, there are only a few projects who really do this and do it well. There are only a few projects who really say it and mean it, and we see it through their actions and activities that they really do mean it, and Mantra Dao is part of that elite list of those projects I've come across in my time spent in Crypto who do it and do it so well. The partnerships they also brag off is off the charts, and simply delicious to put it humbly. I expect them to do big things.

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3 years ago

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