Investing in cryptocurrency is something that many people want to do but not everyone is quite familiar with this since it is a new age investing and requires some technical knowledge. I know many people who are aware of Bitcoin because now we get to hear a lot about it on social media and even on digital media channels. Sometimes it sounds easy that one can easily invest in Crypto but it is not because first, we need to get familiar with the basic information. Similarly investing in decentralized finance (DeFi) is another part that is certainly not easy. it is not that the process is quite complicated and people can't do it instead it is more about understanding so if you have a basic understanding of crypto and blockchain then you should be able to do it.
Traditional investors want to invest in cryptocurrency but they are worried due to lack of regulation. Exchanges go bankrupt and even some platforms are scammed because of invalid reasons despite having the audit in place funds are lost which can be a problematic area for many traditional investors. There has to be something that can make people trust the Crypto community because in traditional investment at least they are sure that their capital will not go anywhere. After all, banks are usually backed by the government. This is not a hard and fast statement but in most cases, people did not lose money because the government came on the front foot to support the citizens. now coming back to the crypto things are getting better and the platform which I'm going to talk about is regulated on decentralised finance and it also follows all the compliance by the relevant authorities.
DeFi is regulatory compliant
It might sound weird because in this segment people hardly talk about compliance but the fact is that this platform is unique in this that has built this platform which is regulatory compliant. so if you are a traditional investor and worried about the fund's safety then you can rely on it because things are the same as banks where a proper process is followed and all the compliance is in place. Crypto is a slightly risky segment for investment and it's because the prices are volatile however this is also good because this can also be good in favor of investors when money can go significantly because of the volatility. The market volatility is not in our hands so if it goes up then it can be a profitable situation for us and if it goes down then we might lose some money. In every market, the investment is never 100 percent secure and there is a certain risk involved in the investment so here also we get the same scenario.
Mantra has done pretty well in this segment because they have built something which can encourage traditional investors to be part of the crypto ecosystem. This is needed for us not because we need more money inflow but also because if we are expecting mass adoption then we cannot go ahead without the traditional investors. People invest a lot of money in various instruments that are regulated and it's because they trust that the government will never let them go away with their money and this is the reason why they are ready to invest in them. Similarly, if we can get the same level of trust in the crypto market that their funds will not go anywhere even though how the market is doing then also we can bring a lot of people over here to invest in crypto investing instruments. I must appreciate the fact that the mantra team has done a fantastic job in this area and I am sure it is going to bring a lot of value in the overall crypto ecosystem.
OMniverse
Mantra has built an ecosystem which is called Omniverse and here we get to see four major components as mentioned below-
- Finance
- Chain
- Nodes
- DAO
About are the four major components of the omniverse and with this we get a bunch of opportunities to be part of this project while driving more value toward our portfolio. It's great that one project is capable of providing multiple options to the community including investments and many others through different means. you can choose one or more depending upon your area of interest and also the preference which you'd like to follow. It's like here on this platform Sky is the limit because whatever you want to do is available for you and you decide how you want to proceed further. With all these four components we get a bunch of opportunities to build a significant portfolio in crypto while contributing to the ecosystem.
I will be explaining more about these components in my other post however in this post I will be going through the introductory overview of the project.
What Makes Mantra a good project in DeFi?
This is one of the questions that many of you must be asking because it is obvious that we cannot be part of any project unless we know the USP. There has to be something innovative and different from other projects else there is no point in joining another project for the sake of name and even with new projects most of the investors are worried because of trust issues.
Mantra is a trusted & Compliant DeFi project and this is the part that I have never seen on any other project. when it comes to money then we always look for the option which is trustworthy and reliable because no one wants to lose money this is why experienced investors will always do the research and study about the project before investing. Since this is a compliant D5 protocol so trust is not an issue and we can invest with a free mind with the expectation of significant returns on the investment. once we know that our funds are safe then we make better decisions on the investing and with Mantra, we get the same that safety is the foremost on this platform as it's compliant.
They have simplified the investment so that even the new investors will not feel worried because the process is easy and can be performed in a few simple steps. you just need to have a wallet and if you don't have then you just need to download and create a wallet to proceed further. verify your account and do the login to start your investing journey. This is so simple and even the user interface is easy to understand so I can say that the investing has been simplified by mantra finance.
The team behind mantra finance is hardworking and they are believers in innovation and this is why they continue to bring products that can provide better rewards to the community. It is one of the fastest-growing decentralized finance platforms on the blockchain so you can expect significant returns on the investment with the seal of trust and safety because of the compliance in place.
We get the flexibility to access it from anywhere in the world with no such restriction in place which means the investing can be done round the clock across the world with no involvement of any third-party intermediary. Most of the platform provides but with the Mantra, since we follow the account verification but even in this scenario we get easy accessibility.
We need to follow the KYC process on this platform which is good from the investor's point of view. Some people don't like to go with the KYC process but some so many people are OK with that because they believe in this process which can be the start of a reliable investing journey and this is why the mantra takes the lead here.
Roadmap & Token Economy
OM is the native token for mantra finance and currently, it is trading about $0.02 in the market which is quite low but obvious because the entire market is in bearish sentiment. After going through this platform I believe that this is going to lead the segment where investors are worried about safety and they are fine with the KYC protocol. we also need to understand that there is a major chunk of people who believe in the same methodology so if we can bring them here then undoubtedly we are adding great value to the overall crypto ecosystem.
This looks stronger even in the current market situation when we are going through the bearish sentiment means in a good market cycle we can expect a significant rise in value. they are also working on the multiple assets vault and this way it will encourage more users to be part of their platform and invest in those new additions.
Conclusion
Overall Mantra Finance looks promising and they have been on time as per the roadmap. They have multiple things planned and post-implementation of all this we can see great value in the DeFi protocol. I will be sharing more about the project in my next post soon and I discuss in detail each component in the ecosystem
Website- https://www.mantraomniverse.com/
{Images are from Mantra Finance website for this post purpose}
Thank you so much
Stay Safe