In the cryptocurrency world, there are tons of coins and projects in existence and a greater percentage of these coins are struggling hard to make it to the heart of investors, while some coins and projects, despite being new to the market have already gotten the interest of investors.
The question then is, what makes a coin stand out among other coins?
Time has gone when people invest in a coin simply because the coin was built under bitcoin or ethereum network, investors want to invest in projects that have USE CASES which will help attract other investors to it.
MantraDao, a defi platform focuses on lending, borrowing, staking, and Governance. Its governance token is known as $OM. To help give their project the fuel it needs to survive in the cryptocurrency world, MantraDao has equipped their Governance token $OM, with many USE CASES which includes but not confined to ;
**STAKING ** :
OM offers users the opportunity to stake their OM, POS, and DPOS assets, participate in project launching, etc. This has made the token a gem worth HOLDL as HOLDLers earn rewards from staking their OM.
VOTING AND GOVERNANCE:
OM holdlers have control, voting rights, and governance over the MantraDao ecosystem. This makes it possible for the ecosystem to be transparent to all HOLDLers and investors.
COLLATERAL FOR SECURING LOAN:
MantraDao's gem $OM can be used as collateral when applying for a loan in their project known as Zenterest. Unlike in other lending platforms where you have to offer a specific asset as collateral before getting a loan, With $OM one can be able to offer OM as collateral when applying for ANY assets in Zenterest.
ENTERING MANTRADAO POOL:
MANTRADAO has a launchpad known as ZENDIT through which projects are launched, Users can enter into the pool and receive an extra reward for being part of the pool.
LIQUIDITY MINING:
OM together with other pairs can be used to provide liquidity for trading in exchange platforms. This offers the LP provider opportunity to earn passive income through the asset he has supplied. In Zendit, one who supplied a particular asset pair earns other asset pairs in the platform. This is something that makes them stand out from other places where people provide liquidity.
Looking at the above features, one will surely see that MantraDao's Governance token is a gem that is worth bagging because the USE CASES will continue to attract investors to the coin which will simultaneously make the price of the coin skyrocket.
Early adoption is the key to making a huge return on a project.
MantraDao's gem, $OM is listed in the following exchanges; Binance, Gate.io, Bitforex, and Uniswap.
It has a circulating supply / maximum supply of 296,652,917 / 888,888,888.
For further read, check the following links ;
Website : https://mantradao.com/
Launchpad : https://app.mantradao.com/launchpad/
Whitepaper : https://mantradao.com/files/MANTRA_DAO_Whitepaper.pdf