The MANTRA ecosystem has reached a significant milestone, with leading cryptocurrency exchanges Binance and MEXC now supporting native OM chain deposits and withdrawals. This integration marks a crucial step in MANTRA’s maturation, moving away from reliance on other blockchain networks to operate fully on its own and independent, purpose-built chain.
For users and investors, this means faster, cheaper, and more efficient transactions when moving OM tokens to and from their exchange wallets. This upgrade enhances the utility of the OM token and consolidated the technical foundation of the entire MANTRA ecosystem.
Moving from an ERC-20 token (or other bridged versions) to a native asset on the MANTRA Chain provides tangible benefits:
- Reduced Transaction Fees: Say goodbye to high Ethereum gas fees. Transactions on the native OM chain are significantly cheaper.
- Faster Settlement: Experience near-instant deposit and withdrawal confirmations, improving your trading efficiency.
- Enhanced Security: Interacting directly with the native chain reduces the complexities and potential risks associated with cross-chain bridges.
- Unlocking Full Utility: Holding OM on its native chain is essential for participating in the MANTRA ecosystem’s core functions, including staking, governance, and accessing RWA and DeFi applications.
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