OM/USD: Convert MANTRA DAO (OM) to United States Dollar (USD)

MANTRA DAO (OM) is a blockchain platform that aims to adhere to and enforce real-world regulatory requirements. It is designed to cater to both institutions and developers, offering a permissionless blockchain for permissioned applications. MANTRA DAO is built using the Cosmos SDK, making it IBC compatible and CosmWasm supported. It is secured through a sovereign Proof of Stake (PoS) validator set and is scalable up to 10k transactions per second. The platform also provides built-in modules, SDKs, and APIs to create, trade, and manage regulatory compliant Real World Assets (RWAs). It aims to improve user experience by onboarding non-native users and institutions to Web3.

MANTRA DAO operates as a Layer 1 Blockchain for Real World Asset Tokenization. It leverages verified on-chain users and decentralized applications (dApps), powered by Decentralized Identifiers (DIDs) for seamless identity verification across dApps within the Inter-Blockchain Communication (IBC). The platform aims to reduce costs and complexities for both projects and retail users. It provides access to decentralized exchanges (DEXs), yield-bearing vaults, and RWA tokenization platforms from day one. MANTRA DAO also offers a compliant and transparent environment for developers to build and operate using its modular tech stack.

MANTRA DAO aims to empower builders with the tools to unlock a new realm of compliant decentralized application (dApp) innovation. It provides a platform for developers to build secure and robust dApps with ease and offers multi-chain compatibility through Cosmos IBC. Institutions can benefit from MANTRA DAO's KYC/AML compliant walled garden, which ensures all network participants have been properly vetted according to regulations. This reduces costs for compliance and onboarding. Institutions can also expand operations compliantly on-chain while enhancing trust, auditability, and data sharing abilities.

MANTRA DAO was co-founded by John Patrick Mullin and Jayant Ramanand, both of whom have extensive experience in the blockchain industry and global capital markets. The platform was developed by a team of developers and blockchain experts who aimed to tackle one of the industry's biggest hurdles: constantly changing global blockchain regulations. The platform was designed to evolve with today's complex regulatory landscape and offer real-world compliance on-chain, allowing everyone to transact in confidence, regardless of their location in the world.