What currency is OM? What is the prospect of OM currency?

Dec 13,2022
What currency is OM? What is the prospect of OM currency?

What is MANTRA DAO? MANTRA DAO should adjust the voting rights of OM currency holders according to the proposed indicators based on the Rio chain, B) help improve the opportunities for OM currency holders to benefit from the platform economic incentives.

What is the prospect of OM currency?

MANTRA DAO has a unique model that includes pledge/borrowing/remediation and provides cross chain interoperability. We can think of them as a combination of Compound+Maker DAO+Dharma+Pool-X, but they all have cross chain interoperability.

Neither the traditional financial system nor the current Defi system can bear the heavy responsibility of HP finance. In the traditional financial system, more than one third of the world's population is still excluded from the formal financial system due to high access conditions. Even in the United States, the bottom 80% of the society has only 7% of the company's shares, and many individuals in other countries have no opportunity to enter the stock market. Even if entering the financial system, the characteristics of financial oligarchs can make ordinary investors bruised, as the fate of leek customers being harvested in big cities. How does MANTRA DAO change this situation? In the design of MANTRA DAO, there are unique systems such as Staking Economy and currency distribution systems such as borrowing and mining. The purpose of this is to reduce the number of investors, maintain the common people and be friendly to investors.

The original property OM provides a lot of value in the MANTRA DAO ecosystem. Its economic model is designed as follows: users who provide economic benefits to balance OM's circular supply and ecosystem growth can increase compound interest through various pledge projects of DPOS and NPOS, such as those provided by Kusama (KSM) and Polkadot (DOT). As the native token of MANTRA DAO, OM has the authority to govern.

Speaking of this, I believe you have a certain understanding of what OM Coin is and its prospects. In general, Xiaobian also reminds investors that when we choose virtual currency for trading, we must choose a formal big exchange to trade, rather than an unreliable small exchange. Many small exchanges can get their currency at the expense of money, and there is no strict approval of currency listing, which is very detrimental to our investment, and small exchanges will also pose a threat to our asset security, We must choose carefully.