MANTRA’s $OM Token now available on the Hedera network via hashport!
We are thrilled to announce the integration of MANTRA’s $OM token onto the hashport platform. This will allow users to port their $OM tokens to and from hashport-supported networks and explore new and exciting use cases in the growing DeFi ecosystem.
What is MANTRA & $OM?
MANTRA is a vertically integrated regulatory-compliant blockchain ecosystem that aspires to make crypto innovation personal and foster growth and development of web3 and DeFi ecosystem in a safe, secure and comprehensive manner. MANTRA runs Proof of Stake validator nodes across more than 30 networks with 160M staked in value. Their native token $OM serves as a utility as well as a governance token. 46.7M $OM tokens have been staked across Ethereum, BNB Chain, and Polygon with a very active community that is spread across more than 100 countries.
With this integration, hashport helps to support the interoperability of MANTRA’s $OM token across networks to help users explore new possibilities. We are excited to facilitate interoperability for such a large community and expect great things to come out of this for the ecosystem. Happy porting!
“MANTRA is excited to be expanding our $OM token’s multi-chain ecosystem from ETH, BNB Chain, and Polygon to now include the growing Hedera Hashgraph network! This expansion in our ecosystem networks will substantially benefit the OMniverse and our expanding Sherpa community by facilitating transactions in a faster, safer, and more affordable manner.” — Will Corkin, Co-Founder of MANTRA
“hashport is thrilled to play an integral supporting role in MANTRA’s efforts to expand their platform and its native $OM token to the Hedera public network. We expect many more platforms to follow in MANTRA’s footsteps as they recognise the technical advantage and ecosystem support that Hedera has to offer.” — Jesse Whiteside, Director of Business Development
Technical Updates — $OM Token Addresses
hashport is the enterprise-grade public utility that facilitates the movement of digital assets between distributed networks, extending their functionality in a quick, secure, and cost-effective way. In order to remain platform-neutral, hashport functions without the use of a proprietary token. The network is built on a robust and performant architecture, secured and operated by a group of industry-leading validator partners from around the world. hashport has passed a rigorous security audit and follows industry best practices; regularly performing comprehensive network tests to ensure the integrity of the network.
Disclaimer: The information provided on hashport’s website does not constitute investment advice, financial advice, trading advice, or any other sort of advice. You should not treat any site content as advice.
MANTRA is a first of its kind, vertically-integrated and regulatory compliant blockchain ecosystem. The MANTRA OMniverse encompasses the DAO; MANTRA Nodes: a blockchain infrastructure-as-a-service business that includes retail staking, institutional delegation, node management and white-label validator operations; MANTRA Chain: a protocol for regulated assets for the Cosmos ecosystem; and MANTRA Finance: a globally-regulated DeFi platform that brings the speed and transparency of DeFi to the world of traditional finance.