Binance Becomes Mantra Validator, Boosting Network Security
Mantra has added Binance to its mainnet validator list, a step forward for network security and decentralized governance. Binance offers special perks such as up to 29.9% APR rewards for locking OM tokens via its simple Earn program until late August.
This move is part of Mantra’s strategy to diversify its validator pool by bringing in trusted partners. Other notable validators include Nansen,Google Cloud,Twinstake,and Hex trust. Mantra aims to decentralize governance and enhance security.
Recently, Mantra partnered with Inveniam to create a global institutional Real World Assets (RWA) ecosystem in the UAE and U.S., showcasing its commitment to expansion.
- Binance joins Mantra validators,improving security.
- incentives up to 29.9% APR rewards for OM stakers.
- New partnership with Inveniam for global RWA.
Despite these advancements, Mantra’s OM token faces challenges. Trading around $0.26,it’s down 10% in 24 hours. The token endured a 90% crash in April but shows signs of potential recovery.
Mantra continues forging alliances despite OM’s price decline. Previous collaborations include a project with Dimitra for tokenizing agricultural goods and a deal with Mercado Bitcoin for tokenizing assets in Latin America.
Crypto expert Park Yong believes OM’s survival reflects its resilience, stating that the crash was due to market liquidity issues, not project faults. Yet, rebuilding investor confidence remains crucial for OM’s future.
