What is OM?
OM is the native cryptocurrency of the Mantra OMniverse ecosystem, which aims to provide a variety of decentralized finance (DeFi) services. The OM token has two main uses:
Staking and participating in DeFi activities: Users can stake OM tokens to participate in various DeFi activities on the Mantra platform, including lending and earning rewards. By staking OM, users can gain access to various financial tools and services on the platform and enjoy related economic incentives.
Governance and Voting Rights: OM token holders have voting rights on proposals that affect the future development of Mantra. This means that users holding OM tokens can participate in the platform's governance process, vote on proposals, and have a say in the direction of the platform's development.
OM coin is issued by Mantra DAO. Mantra DAO is a decentralized autonomous organization that aims to provide users with various DeFi services and governance opportunities. OM coin is the native token of the Mantra DAO ecosystem and has the uses mentioned above.
The issuance of OM coins is intended to promote Oasis Network, a private blockchain platform focused on improving the performance of decentralized applications (DApps). Oasis Network aims to provide higher performance, better privacy protection and a more secure environment, aiming to attract more developers to join and promote the continuous development of blockchain technology.
What is the prospect of OM coin?
MANTRA DAO has a unique model that includes staking, borrowing, governance, and provides cross-chain interoperability. You can think of them as a combination of Compound+Maker DAO+Dharma+Pool-X, but all with cross-chain interoperability.
Both the traditional financial system and the current DeFi system are unable to shoulder the responsibility of inclusive finance. In the traditional financial system, due to the high entry requirements, more than one-third of the world's population is still excluded from the formal financial system. Even in the United States, the bottom 80% of the society only own 7% of the company's shares, and individuals in many other countries do not even have the opportunity to enter the stock market. Even if they enter the financial system, the characteristics of financial oligarchs make it difficult for ordinary investors to make profits, and as leeks, users are often harvested.
Technical features
The technical features of OM coin mainly include efficiency, privacy and scalability.
OM coin uses the Tendermint consensus mechanism based on the Rust language and achieves scalability through the Cosmos interconnected blockchain. Its transaction speed is very fast, it can process hundreds of transactions per second, and the transaction fee is very low.
In addition, OM Coin also uses zero-knowledge proof (zk-SNARKs) and homomorphic encryption technology to ensure the privacy and security of users. This technology not only protects data privacy, but also allows calculation and analysis of data.
OM coin has high potential in terms of future development and investment value. Its technical characteristics and wide application scenarios are one of the most important reasons.
Future Trends
OM coin has a wide range of application scenarios, including decentralized transactions, data privacy protection, financial data sharing, etc. Especially in terms of data privacy protection, OM coin has obvious technical advantages and is expected to become an important player in the field of blockchain applications.
As the DeFi field continues to develop and mature, OM coin has great development potential and market space with its unique technology and application advantages. In the future, OM coin is not only expected to occupy an important position in the DeFi ecosystem, but may also play a key role in broader blockchain applications.
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