Mantra DAO (OM) is a decentralised finance (DeFi) platform built on the RIO chain, a blockchain technology company based on the ParitySubstrate. It has a particular focus on lending, staking, incentives and self governance.
Users who participate in either staking or lending digital assets on the Mantra DAO platform will receive the OM token. OM is a native utility token which is used to govern the DAO and was issued as an ERC-20 token, however, the platform plans to move it to the Polkadot platform. Users can receive OM rewards by staking Polkadot (DOT) and the asset itself. Participants with OM tokens are given voting power and can influence proposals and decisions to change the system parameters.
The best place to buy Mantra DAO is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Mantra DAO (OM). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of OM is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Mantra DAO with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy OM instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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This should not be used to make investment decisions.
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