OM

1. Project introduction

MANTRA Finance (MF) is a fully compliant and regulatory friendly multi-asset platform that seeks to serve as a bridge between Traditional Finance (TradFi) and Decentralized Finance (DeFi) to facilitate DeFi participation by both institutional and individual retail investors. Mantra also aims to be the first RWA Layer 1 blockchain, capable of adherence and enforcement of real world regulatory requirements.

2. Team introduction

CoFounder: John Patrick Mullin

https://www.linkedin.com/in/john-patrick-mullin/

CoFOunder: Jayant Ramanand

https://www.linkedin.com/in/jayant-ramanand/

CTO: Matthew Crooks

https://www.linkedin.com/in/mcrooks/

3. Investment institution

Announced a round of $11M last week: Shorooq Partners*, Caladan, Hex Trust, Token Bay Capital, GameFi Ventures, Mapleblock, Fuse Capital, Three Point Capital, Forte Securities, Virtuzone, 280 Capital

4. Token application and distribution

Token application:

The team propose establishing a PoS Bridge that will allow users to transfer their EVM-based OM onto the MANTRA Chain upon the mainnet's release - and vice-versa, creating an environment of expansion rather than replacement of EVM OM. To be clear, we are not deprecating the ERC20 OM token.

Token distriibution:

- Public Distrbution: 8.5%

- Private Distrbution: 9%

- Team & Advisors: 17.5%

- Staking Rewards: 30%

- Referrals: 12.5%

- Reserves: 10%

- Grants: 12.5%