Last update: Jun 6, 2022

How to Buy MANTRA DAO (OM)

So you’re looking for a guide on how to buy MANTRA DAO. Depending on where you’re based, you’ll have various crypto exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy MANTRA DAO – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have MANTRA DAO of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto trading platforms.

4. Buy MANTRA DAO

Now that you have what you need to buy MANTRA DAO, head over to the market or buy section of the crypto trading platform and buy some OM.

If the crypto exchange doesn’t have any MANTRA DAO on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has MANTRA DAO first), and trade your Ethereum for MANTRA DAO.

Where to Buy MANTRA DAO (OM)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell MANTRA DAO

1. Sign into the cryptocurrency exchange where you bought MANTRA DAO.
2. Move your MANTRA DAO to the right place on the crypto exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell MANTRA DAO.

 

How to Buy MANTRA DAO (OM) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy MANTRA DAO in Australia, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy MANTRA DAO if it’s available. If the exchange doesn’t have MANTRA DAO. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has MANTRA DAO), and trade your ETH for MANTRA DAO.

You can also take a look at our analysis of the best bitcoin exchanges in Australia if you’re curious to know more about which ones we like.

How to Buy MANTRA DAO (OM) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy MANTRA DAO in Canada, the process remains the same:

1. Find a crypto trading platform below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy MANTRA DAO if it’s available. If the exchange doesn’t have MANTRA DAO. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has MANTRA DAO), and trade your ETH for MANTRA DAO.

Also, check out our comparison of the cryptocurrency trading platforms in Canada If you’re interested in learning more about the exchanges we like.

How to Buy MANTRA DAO (OM) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy MANTRA DAO in the UK, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy MANTRA DAO if it’s available. If the exchange doesn’t have MANTRA DAO. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has MANTRA DAO), and trade your ETH for MANTRA DAO.

You can also check out our comparison of the easiest crypto exchanges in the UK If you’re looking to learn more about which exchanges we would recommend.

Considering buying MANTRA DAO? OM Rundown

MANTRA DAO, a decentralized financing platform that focuses on staking and lending with decentralized governance, is a platform. The blockchain RioChain is the platform used to build this project. It will also be connected to Polkadot. It will act as an ecosystem to support Web 3.0.

The native utility token, OM is used for staking and lending, as well as governance. The project is moving to Polkadot, but the initial token was issued on the Ethereum Blockchain.

MANTRA DAO was the first to be announced in June 2020. The platform launched with its first feature - staking - in October 2020.

MANTRA DAO claims that the project has unique features. It is built on RioChain, and will be connected to Polkadot. called Polkadot a "next generation blockchain". It offers multiasset staking and lending, as well as borrowing, for its own platform (HT0_ Cosmos ) and Terra(LUNA). It also operates Mantra POOL, through which 25% of the foundation’s staking rewards can be given away. It also uses a "karma protocol" that gives scores to network participants based upon their contributions. Users with higher scores receive greater benefits.

OM is the engine of the MANTRA DAO ecosystem. It is used for governance, lending, and staking. OM token holders get an annualized reward of 88.8% for staking on this platform. Originally, OM was an ERC-20 token. However, the platform plans to migrate over to the Polkadot network.

outlined the business plan for MANTRA DAO in its Whitepaper. It is focused on collecting interest from loans, staking OM and operating a staking as-a-service company that charges fees on staked assets. A number of investment companies supported its "initial member offering," including Genesis Block, Moonrock Capital and Kenetic Capital.

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