Key features of MANTRA Chain

MANTRA
3 min readOct 17, 2023

The advent of blockchain technology has brought forth a plethora of decentralized finance (DeFi) solutions, revolutionizing the way we interact with financial systems.

Among these groundbreaking platforms, MANTRA Chain stands out as a game-changer.

Built on the powerful Cosmos Software Development Kit (SDK) framework, MANTRA Chain offers a host of cutting-edge applications that empower developers, users and institutions who value the importance and safety of regulatory compliance.

MANTRA Chain for Developers

One of the key strengths of MANTRA Chain is its ability to provide developers with a regulatory compliant and transparent environment through its decentralized identity (DID) system. This empowers developers to build and operate within a secure ecosystem, fostering trust and compliance.

Additionally, MANTRA Chain leverages CosmWasm, a secure and modular framework for building decentralized applications (dApps). This framework ensures the development of robust and scalable solutions, providing developers with the necessary tools to create innovative applications on the platform.

Moreover, MANTRA Chain offers customizable consensus mechanisms, enabling developers to achieve low block times and high throughput, ensuring efficient and fast transaction processing.

Furthermore, through the Cosmos Inter-Blockchain Communication (IBC) protocol, MANTRA Chain enables cross-chain interoperability, allowing developers to seamlessly interact with other blockchains within the interconnected ecosystem. This functionality broadens the scope of application possibilities, opening doors to new and exciting development opportunities.

MANTRA Chain also provides developers with the MANTRA Token Service (MTS) SDK: a powerful toolkit that simplifies the creation, issuance, and management of tokenized assets on-chain. This empowers developers to leverage the potential of tokenization, facilitating the representation of real-world assets (RWAs) on the blockchain in a compliant and secure manner. With MTS, developers have the tools they need to unlock the vast potential of tokenization and explore novel use cases within the MANTRA Chain ecosystem.

MANTRA Chain for Users

Beyond developers, MANTRA Chain offers a unique platform for retail users seeking to engage with tokenized assets — such as tokenized TSLA, NIKE, and AAPL — in a regulatory compliant and transparent environment.

Through its DID system, MANTRA Chain enhances the user experience by simplifying the onboarding process onto regulated platforms. The DID is passportable, allowing users to seamlessly access a wide range of compliant applications, eliminating the complexities of different and repetitive onboarding processes.

One of the notable advantages for retail users on MANTRA Chain is the low gas fees, which contribute to a cost-effective and user-friendly experience. Additionally, users have the option to pay gas fees using different assets — such as MANTRA Chain (AUM), Cosmos Hub (ATOM), or USD Coin (USDC) — providing flexibility and convenience.

Furthermore, MANTRA Chain enables users to access multiple blockchain ecosystems, including IBC, Ethereum Virtual Machine (EVM), and Polkadot. This interoperability expands the possibilities for engagement and empowers users to tap into a diverse range of decentralized applications and services.

Whether it’s accessing cross-chain liquidity, participating in decentralized exchanges, or engaging with various DeFi protocols, MANTRA Chain offers users a gateway to explore and benefit from the expanding blockchain landscape.

MANTRA Chain for Institutions

Institutions can take advantage of MANTRA Chain’s various features to enhance both new and existing operations.

Institutions can be assured all network actors have undergone proper Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. This reduces inherent risks that have long posed challenges for blockchain adoption at an institutional level.

By providing pre-screened, interoperable digital identities, MANTRA Chain limits onboarding burdens traditionally plaguing cross-border operations. Projects leveraging its DID passporting capability need only complete KYC once, granting clients seamless access to a variety of compliant solutions through a single authenticated gateway.

This presents a mutually beneficial value proposition. While decreasing costs for regulated businesses, it simultaneously improves user experience by removing barriers to doing further business either domestically or abroad.

The Vision for DeFi

MANTRA Chain is a groundbreaking platform that brings compliance, transparency, and accessibility to the world of DeFi. With its focus on empowering developers, users and institutions, MANTRA Chain provides a range of solutions and features that cater to their specific needs.

By offering a regulatory compliant and transparent environment, customizable consensus mechanisms, cross-chain interoperability, and simplified user experiences, MANTRA Chain is poised to shape the future of decentralized finance, unlocking new possibilities for innovation and growth within the blockchain ecosystem.

Connect with us and be part of our journey.

Website | Twitter | Litepaper | Discord

--

--