Blockchain and DeFi platform Mantra’s native cryptocurrency OM increased by 36% with the announcements.
Built on Rio Chain, which can work with Polkadot, Mantra has shared 2 posts since yesterday. A significant increase in the price of OM led.
Mantra was first announced yesterday with the launch of Hongbai, Mantra’s PoS-based second layer. The testnet that distributes airdrops for coming soon announcement made. With the announcement OM price started to rise. Later EST today morning arriving at hours staking announcement This also caused the price to accelerate.
According to the post, Mantra Chain stated that they updated the staking model after the approval of the proposed proposal in order to improve the token economy of the OMs in the chain. announced. With the update of staking rewards, investors35 more OM tokens will be able to win.
This announcement also triggered the price acceleration.
According to CoinGecko data 35% from $0.276 with rise to $0.374 accessing OM at the time of writing 0.325 It is traded in dollars.