When last we checked in with MANTRA DAO, it had announced a trio of new validators from the Cosmos ecosystem. But the team felt like they could outdo themselves yet again, and has been pushing forward with more partnerships recently. This time the companies joining the movement are from Southeast Asia.
The latest partnership comes from Vietnam in KardiaChain. Like the previous validator node agreements, holders of KAI and OM tokens will enjoy more rewards through staking and providing liquidity to their respective networks.
Mostly unknown in the West, KardiaChain is both a public and private blockchain. This flexibility will allow companies to create corporate dapps secured by public blockchains, i.e., Ethereum, Tron, or EOS. The massive computational power of any one of these networks should be enough to support any app, maintaining data confidentiality. The recent DeFi trend in cryptocurrency has made the Ethereum blockchain in particular stronger than ever. Using it as a backbone on any KardiaChain project would not only complement any other security but would likely plug directly into DeFi. The inter-chain operability of KardiaChain will complement MANTRA DAO’s own cross-chain implementation.
Aside from working with MANTRA DAO, KardiaChain has secured a partnership with LG CNS. Yes, that LG. The two companies will work together on Decentralized Identity (DID) projects for larger Vietnamese corporations and creating the infrastructure for smart city solutions. After their work in Vietnam, LG may be the catalyst for using KardiaChain’s technology in South Korea. Incidentally, that is exactly where MANTRA DAO made a partnership last week with a top Korean crypto project Terra.money.
The second project to partner with MANTRA DAO this week is TomoChain. MANTRA DAO will soon be launching a TomoChain masternode and integrate the TOMO token into its DeFi platform. Furthermore, OM will be listed on TomoDEX, also running on TomoChain.
TomoChain is a protocol designed to increase scalability and throughput of transactions and dapps. In May, it launched its DEX, TomoX. The exchange is currently capable of handling 2-second block confirmations.
On paper, TomoChain offers similar benefits to Binance Smart Chain (BSC). Specifically, low (or zero) fees, fast confirmation times, EVM compatibility, and smart contract compatibility. These features seem tailor-made to serve the DeFi ecosystem. Unsurprisingly, they have elected to partner with MANTRA DAO, as their objectives are in alignment.
One Last Thing
If these partnerships were not enough news, MANTRA DAO has also released a screenshot of its upcoming staking platform. This will be the interface for staking earnings and various reward tokens supported by the platform.
The large number of partnerships MANTRA DAO has confirmed is an encouraging development. Projects of this size and ambition are not created overnight, much to the impatient crypto community’s displeasure. The industry’s momentum is not likely to end anytime soon, with MANTRA DAO at the forefront of innovation.
*Disclaimer – MANTRA DAO is our Media Partner, and therefore this content is sponsored by them.