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MANTRA is a Security First RWA Layer 1 Blockchain, capable of adherence to real-world regulatory requirements. It is built on top of the Cosmos SDK, as Cosmos intends to be the ‘internet of blockchains’, creating a network of independent blockchains.
The Cosmos SDK (opens new window)is an open-source framework for building multi-asset public Proof-of-Stake (PoS) blockchains, like the Cosmos Hub, as well as permission Proof-of-Authority (PoA) blockchains.
The Inter-Blockchain Communication (IBC) Protocol and Cosmos Hub are used to transfer assets between different blockchains within the Cosmos ecosystem. The interoperability layer operates on the IBC protocol.
MANTRA Compliance is a set of tools and services offered by MANTRA to help Web3 platforms comply with various regulatory requirements related to cryptocurrency transactions and other financial activities. It includes KYC and KYB protocols, AML/sanctions screening, and transaction monitoring.
MANTRA Token Service (“MTS”) is a powerful and flexible SDK that allows businesses to create digital assets compliant with various regulatory frameworks, such as those for fiat currencies, securities, commodities, or other financial instruments.
Consensus mechanism-
The mantra chain uses the Tendermint consensus algorithm for building the first zone on the cosmos hub. It is an asynchronous BFT consensus protocol.
Validators play a key role in the consensus protocol by casting votes, which include cryptographic signatures from their private keys. The validators are chosen based on the total number of tokens delegated to them.
Main features -
Transactions per second -10000
Block time - 6 seconds
OMUSD surged more than 100% in the past three weeks. It hit a high of $1.3849 and is currently trading around $1.2543.
The bullish invalidation can happen if the pair closes below $0.60. On the lower side, the near-term support is $1.20. Any break below targets $1/$0.78. Any breach below $0.60 targets $0.44.
The immediate resistance stands at around $1.430. Any breach above confirms bullish continuation. A jump to $1.75/$2 is possible. A surge past $2 will take it to $3.
It is good to buy on dips around $1 with SL around $0.59 for TP of $2.
