MANTRA Chain Set to Launch Hongbai Testnet As Vision for Tokenized RWAs Accelerates
RWA focused blockchain, MANTRA is excited to announce the upcoming launch of the MANTRA Chain Hongbai Testnet, scheduled for. The development marks a significant step in MANTRA’s mission to revolutionize the DeFi ecosystem by integrating it with traditional markets and attracting non-crypto native users and institutions.
A Layer-1 blockchain focused on Real-World Assets, MANTRA Chain enables regulatory-compliant assets and protocols at the protocol level and leverages the robust infrastructure of the Cosmos SDK. Assuring interoperability through the IBC protocol and compatibility with CosmWasm contracts, MANTRA Chain is at the heart of the platform’s vision to unlock a $16 trillion RWA market by 2030.
MANTRA’s DAO-approved $OM token offers various governance utilities and rewards for stakers. As well as allocating a total of 1.35x rewards to all stakers, $OM serves as the standalone network token for accessing and performing all on-chain services and activities.
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