{"id":"mantra-blockchain-and-token-services","title":"Mantra Blockchain and Token Services","content":"[MANTRA](https://iq.wiki/wiki/mantra-dao) Token Service (MTS) is a comprehensive SDK for [web3](https://iq.wiki/wiki/web3) businesses to create, issue, distribute, and manage digital assets on the [MANTRA](https://iq.wiki/wiki/mantra-dao) network with regulatory compliance capabilities. It enables the creation of digital assets that adhere to various regulatory frameworks [across](https://iq.wiki/wiki/across) different jurisdictions.\n\n## Overview\n\nMANTRA's ecosystem consists of both a decentralized application (dApp) ecosystem and a modular execution layer designed specifically for real-world asset (RWA) tokenization. The platform operates on a permissioned model, allowing only approved entities to create, manage, or transfer tokens, ensuring responsible usage and regulatory compliance. This approach creates a unique environment where permissioned applications can operate on a [permissionless](https://iq.wiki/wiki/permissionless) [blockchain](https://iq.wiki/wiki/blockchain) infrastructure.\n\n[MANTRA](https://iq.wiki/wiki/mantra-dao) Chain serves as a Layer 1 [blockchain](https://iq.wiki/wiki/blockchain) specifically built for RWA tokenization, capable of adhering to and enforcing real-world regulatory requirements. The chain provides a compliant environment for users, developers, and regulators to operate within, establishing strong foundations for global RWA liquidity to develop new network effects. [[1]](#cite-id-YOe1CXhTq3)\n\nThe ecosystem aims to bridge the gap between traditional finance and decentralized finance by enabling seamless interaction between crypto and fiat currencies, as well as on-chain and off-chain assets. This integration allows for single-click transfers from bank accounts to brokerages to wallets, effectively abstracting away the frictions between traditional and decentralized financial systems.\n\n## Key Features\n\n[MANTRA](https://iq.wiki/wiki/mantra-dao) Token Service offers several powerful features that make it a versatile platform for digital asset management:\n- **Asset Creation and Management**: Create, issue, and manage both fungible and non-fungible assets on the [MANTRA](https://iq.wiki/wiki/mantra-dao) network. [[2]](#cite-id-FQkbsNLIlg)\n- **Access Control and Permissions**: Implements a role-based access control mechanism that includes the ability to freeze, seize, destroy, and transfer tokens, providing enhanced security and compliance capabilities. [[2]](#cite-id-FQkbsNLIlg)\n- **Configurable Yield and Royalties**: Allows asset issuers to configure yield distribution and royalty structures for their tokens. [[2]](#cite-id-FQkbsNLIlg)\n- **Predictable and Low Fees**: Offers a fee structure that is both predictable and cost-effective for users. [[2]](#cite-id-FQkbsNLIlg)\n- **Regulatory Compliance**: Designed to accommodate various regulatory frameworks for fiat currencies, securities, commodities, and other financial instruments. [[2]](#cite-id-FQkbsNLIlg)\n\n## MANTRA Ecosystem Components\n\n### MANTRA Chain\n\n[MANTRA](https://iq.wiki/wiki/mantra-dao) Chain is the [foundation](https://iq.wiki/wiki/foundation) of the ecosystem, providing a [permissionless](https://iq.wiki/wiki/permissionless) [blockchain](https://iq.wiki/wiki/blockchain) infrastructure for permissioned applications. Key aspects include:\n- **Layer 1 Blockchain**: Built specifically for RWA tokenization with regulatory compliance in mind.\n- **Cosmos SDK-Based**: Leverages the Cosmos SDK for interoperability with other blockchains in the Cosmos ecosystem.\n- **Regulatory Compliance**: Designed to adhere to and enforce real-world regulatory requirements.\n- **Permissionless Infrastructure**: Anyone can use and build on [MANTRA](https://iq.wiki/wiki/mantra-dao) Chain, while applications can implement permissioned access as needed. [[1]](#cite-id-YOe1CXhTq3)\n\n### AUMEGA\n\nAUMEGA is positioned as the flagship RWA portal on [MANTRA](https://iq.wiki/wiki/mantra-dao) Chain, combining elements from both decentralized and centralized finance:\n- **Hybrid Trading Mechanism**: Powered by both automated market maker (AMM) mechanisms popular in DeFi and central limit order books (CLOB) preferred in traditional finance.\n- **Diverse Asset Trading**: Facilitates trading and investing in both crypto assets and tokenized RWAs.\n- **User Categories**: Designed for both retail and institutional investors. [[1]](#cite-id-YOe1CXhTq3)\n\n## OM Token\n\nThe OM token serves as the native [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) of the [MANTRA](https://iq.wiki/wiki/mantra-dao) ecosystem, with several important functions:\n\n### Tokenomics\n- **Supply Structure**: The genesis OM token supply will be uncapped with variable inflation upon [mainnet](https://iq.wiki/wiki/mainnet) launch, ensuring a robust proof-of-stake network where validators are continually incentivized to secure [MANTRA](https://iq.wiki/wiki/mantra-dao) Chain.\n- **Distribution**: Existing ERC20 OM tokens are distributed among the [MANTRA](https://iq.wiki/wiki/mantra-dao) community, developers, and the [MANTRA](https://iq.wiki/wiki/mantra-dao) Foundation. The genesis supply of IBC-compatible Cosmos [mainnet](https://iq.wiki/wiki/mainnet) OM coins will be distributed to the Swiss [MANTRA](https://iq.wiki/wiki/mantra-dao) Association not-for-profit entity, OM stakers, investors, [MANTRA](https://iq.wiki/wiki/mantra-dao) team and [core](https://iq.wiki/wiki/core-dao) contributors, as well as a genesis [airdrop](https://iq.wiki/wiki/airdrop) for incentivized [testnet](https://iq.wiki/wiki/testnet) users and other stakeholders in the wider Cosmos community. [[1]](#cite-id-YOe1CXhTq3)\n\n### Utility\n\nOM is designed as a Proof-of-Stake [mainnet](https://iq.wiki/wiki/mainnet) coin with multiple utilities:\n- **Network Security**: Allows users to secure the RWA L1 [blockchain](https://iq.wiki/wiki/blockchain) through staking.\n- **Governance**: Enables holders to influence future OM liquidity emissions.\n- **Staking Rewards**: Users receive [staking](https://iq.wiki/wiki/staking) yield in exchange for securing the network. [[1]](#cite-id-YOe1CXhTq3)\n\n### Rewards and Incentives\n- **Staking Multiplier**: Users [staking](https://iq.wiki/wiki/staking) OM on the platform will be eligible to earn up to a 1.35x multiple on their staked amount when [mainnet](https://iq.wiki/wiki/mainnet) goes live.\n- **Testnet Participation**: Hongbai [testnet](https://iq.wiki/wiki/testnet) users can complete activities such as [Galxe](https://iq.wiki/wiki/galxe) Quests to become eligible for airdrops. [[1]](#cite-id-YOe1CXhTq3)\n\n## Development Status\n\nAs of early 2024, MANTRA's development status includes:\n- **Testnet**: The Hongbai [testnet](https://iq.wiki/wiki/testnet) is currently live, allowing developers and users to test the platform's capabilities.\n- **Mainnet Launch**: The [mainnet](https://iq.wiki/wiki/mainnet) is expected to go live later in 2024, which will include the expansion of the OM token supply and the introduction of IBC-compatible [mainnet](https://iq.wiki/wiki/mainnet) coins. [[1]](#cite-id-YOe1CXhTq3)\n\n## Integration with Traditional Finance\n\n[MANTRA](https://iq.wiki/wiki/mantra-dao) aims to create seamless integration between traditional financial systems and [blockchain](https://iq.wiki/wiki/blockchain) technology:\n- **Banking Integration**: Direct integration with traditional banking systems, enabling smooth interaction between crypto and fiat currencies.\n- **Frictionless Transfers**: The ecosystem is designed to allow single-click transfers between bank accounts, brokerages, and wallets.\n- **Abstraction Layer**: The complexities and frictions between on-chain and off-chain worlds are abstracted away, becoming invisible to the end user. [[1]](#cite-id-YOe1CXhTq3)\n\n## Partnerships and Ecosystem\n\n[MANTRA](https://iq.wiki/wiki/mantra-dao) has established partnerships to expand its ecosystem and accessibility:\n\n### SwissBorg Integration\n\nSwissBorg has integrated MANTRA's OM token into its platform, offering several benefits:\n- **RWA Crypto Bundle**: OM is featured in SwissBorg's RWA Crypto Bundle, allowing users to invest in prominent crypto projects in the real-world assets vertical.\n- **Fiat Currency Support**: SwissBorg app users can buy, sell, and exchange OM with 16 fiat currencies, including EUR, CHF, and GBP.\n- **Simplified Access**: SwissBorg's integration enhances the overall user experience for OM token holders by simplifying access and management. [[1]](#cite-id-YOe1CXhTq3)\n\n## Technical Architecture\n\nMANTRA's technical architecture is designed to support its vision of creating a highly [liquid](https://iq.wiki/wiki/liquid) RWA ecosystem:\n\n### Blockchain Infrastructure\n- **Cosmos SDK**: Built using the Cosmos SDK, enabling interoperability with other blockchains in the Cosmos ecosystem.\n- **IBC Compatibility**: The [mainnet](https://iq.wiki/wiki/mainnet) OM coins will be IBC-compatible, allowing for seamless transfers between different Cosmos-based blockchains.\n- **Modular Execution Layer**: Features a modular execution layer that can be adapted to different use cases and regulatory requirements. [[2]](#cite-id-FQkbsNLIlg) [[1]](#cite-id-YOe1CXhTq3)\n\n### Smart Contract Capabilities\n\n[MANTRA](https://iq.wiki/wiki/mantra-dao) Chain supports smart contracts, enabling developers to create complex applications on the platform:\n- **CosmWasm Support**: Likely supports CosmWasm for smart contract development, which is common in Cosmos-based blockchains.\n- **EVM Compatibility**: May offer [Ethereum](https://iq.wiki/wiki/ethereum) Virtual Machine compatibility for easier migration of [Ethereum](https://iq.wiki/wiki/ethereum)-based applications.\n\n## Use Cases\n\nMANTRA's platform is designed to support a wide range of use cases related to real-world asset tokenization:\n- **Tokenized Securities**: Enabling the creation and trading of tokenized stocks, bonds, and other securities.\n- **Real Estate Tokenization**: Allowing for the fractional ownership of real estate properties through tokenization.\n- **Commodity Tokenization**: Facilitating the tokenization of commodities like gold, oil, and agricultural products.\n- **Regulatory-Compliant DeFi**: Creating DeFi applications that comply with regulatory requirements, bridging the gap between traditional finance and DeFi.\n\n## Governance\n\n[MANTRA](https://iq.wiki/wiki/mantra-dao) implements a governance system that allows OM token holders to participate in decision-making processes:\n- **Proposal System**: Likely includes a proposal system where token holders can submit and vote on proposals.\n- **Validator Selection**: OM token holders can delegate their tokens to validators, influencing the security and operation of the network.\n- **Parameter Changes**: Governance can be used to adjust various parameters of the network, such as inflation rates and fee structures.","summary":"Mantra is a Layer 1 blockchain designed for tokenizing real-world assets, offering a compliant environment for digital asset management. It features a robust ecosystem with unique governance and token services.","images":[{"id":"Qmetk2GGsfrdvaq4KymSEdQiphScjs7XeEDc7t3nVZurQp","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Blockchains"},{"id":"Ethereum"},{"id":"Protocols"},{"id":"DEXes"},{"id":"Marketplaces"}],"media":[{"id":"QmaPpj5UJGR9gYJ9ZEXZsQUJR2rAudQCP9YQ2NPJo3Kucf","type":"GALLERY","source":"IPFS_IMG"},{"id":"Qmetk2GGsfrdvaq4KymSEdQiphScjs7XeEDc7t3nVZurQp","type":"GALLERY","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"YOe1CXhTq3\",\n    \"url\": \"https://academy.swissborg.com/en/learn/what-is-mantra\",\n    \"description\": \"SwissBorg Academy\",\n    \"timestamp\": 1744646461633\n  },\n  {\n    \"id\": \"FQkbsNLIlg\",\n    \"url\": \"https://docs.mantrachain.io/chain-features/mantra-token-service\",\n    \"description\": \"MANTRA Docs\",\n    \"timestamp\": 1744646461633\n  }\n]"},{"id":"commit-message","value":"\"Publishing the Mantra Blockchain and Token Services wiki.\""}],"events":[],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":[],"founders":[],"speakers":[]}}