Mantra (OM), built on the RioChain Blockchain and aiming to integrate with Polkadot, is a dynamic protocol offering decentralized finance (DeFi) services. At the core of the protocol is OM, the mainnet asset serving various purposes, including governance. Launched in October 2020, Mantra promotes financial inclusivity by offering staking and lending services, enabling users to earn significant returns. In this article, you can find answers to two frequently asked questions: What is Mantra (OM), and how to buy Mantra (OM) with TRY.
What is Mantra (OM)?
Mantra is more than just a DeFi project. It is a holistic ecosystem offering a range of solutions designed to empower its users. Mantra epitomizes financial freedom in a decentralized environment, from the allure of NFTs to the stability of staking and the appeal of passive income streams. At the heart of Mantra are transparent governance mechanisms serving as the cornerstone of the collective decision-making process and community engagement.
Mantra’s versatility stands out with a range of features. NFTs, one of the cornerstones of digital ownership, allow users to participate in a world where digital assets are as unique as their physical counterparts. Meanwhile, staking emerges as a gateway to passive income, allowing users to strengthen the network while collecting rewards. These features not only enhance the user experience but also contribute to the strength of the platform’s ecosystem.
The infrastructure of OMniverse is built on the foundation of MANTRA Nodes, a vertically integrated structure designed to generate revenue and promote community growth. These nodes serve as vital components in expanding Mantra’s presence across various Blockchain networks, offering opportunities for cross-Blockchain DeFi interactions and Infrastructure as a Service (IaaS) provisions.
Within the Cosmos ecosystem, MANTRA Chain stands out as a protocol facilitating seamless interactions with other Blockchains. Its compatibility with the Ethereum Virtual Machine (EVM) and robust decentralized identity (DID) module underscores its commitment to developer-friendly solutions, paving the way for a new era of decentralized applications and exchanges.
MANTRA Finance aims to bridge the gap between traditional finance and DeFi, bringing the speed and transparency of DeFi to the broader financial environment and opening the door to a future where financial sovereignty knows no bounds.
At the core of Mantra is a belief in community-focused governance. Since its inception, transparency has been the guiding principle, fostering an environment where stakeholders actively participate in shaping the platform’s trajectory. With a commitment to inclusivity, Mantra DAO aims to extend the empowerment narrative beyond its immediate ecosystem.
At the heart of Mantra DAO lies a robust technological foundation supported by Rio Chain. With high security and scalability, Rio Chain provides seamless access to the Polkadot network, laying the groundwork for a future where trust and reliability are paramount. Rigorous audits by Certik further enhance its credibility, making a difference in an increasingly competitive environment.
Behind the scenes, a team of experienced entrepreneurs and professionals, including luminaries like John Patrick Mullin, Rodrigo Quan Miranda, and Will Corkin, leads the Mantra revolution. With diverse expertise spanning finance, regulation, and technology, this team has come together with a mission to democratize finance and usher in a new era of financial inclusivity.
How to Buy Mantra (OM) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy Mantra (OM). On Binance TR, where you can quickly create an account, you can trade over 100 cryptocurrencies, including OM. To buy Mantra (OM) with TRY on Binance TR, follow these steps.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. To do this, go to trbinance.com and continue from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, an email/sms verification will be performed to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be completed before starting to trade cryptocurrencies and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or through Binance TR’s official website. Note that you will need your mobile phone to verify your identity from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on the “Identity Verification and Limits” option from the drop-down menu, and then click “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on “Copy URL” to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, continue by first tapping the “Identity” option.
Then a screen like the one below will appear. To continue with the verification process, first select the document type that suits you.
After selecting the document type, you can continue by tapping the “Upload Front Side” option. After taking a photo of the front side of the document you selected, tap the “Upload Back Side” option and take a photo of the back side of the document. Make sure the images are clear and the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then you can continue by tapping the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. After the camera opens, make sure your face fills the camera area as much as possible.
After completing all these steps accurately and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make transactions seamlessly from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, you can deposit up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to the trbinance.com address and hover over the “Wallet” option at the top left of the homepage, then click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. All you need to do now is transfer the amount you want to deposit into your Binance TR account using the information shown on the page of your preferred bank.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy OM Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to OM coin purchase step by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the following page will open. You can go to the TL to OM purchase page by typing “OM” in the search section on the right side of this page and clicking on the OM/TRY option from the results.
Now the following OM trading page will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy OM in the first box and the number of OM you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy OM” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer trading services from fiat to crypto and crypto to crypto. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through direct banking channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users are supported by Binance’s core functionalities, gaining access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
