What is the issue price of Mantra coin

Mantra Coin's ICO was a two-phase event with a private sale phase offering tokens at $0.035 and a public sale phase offering tokens at $0.045.

Nov 12, 2024 at 09:34 am

Mantra Coin: A Comprehensive Guide to Its Initial Coin Offering (ICO) and Issue Price

Introduction

Mantra Coin (OM) is a native cryptocurrency of the Mantra DAO, a decentralized autonomous organization (DAO) focused on the development of a privacy-centric blockchain ecosystem. The ICO for Mantra Coin was conducted in 2019, and the coin has since gained significant traction in the cryptocurrency market. In this article, we will delve into the details of the Mantra Coin ICO, including its issue price, ICO timeline, token distribution, and key features.

Mantra Coin ICO Details

The Mantra Coin ICO was conducted in two phases:

1. Private Sale

• Dates: January 15 - February 14, 2019
• Token Price: $0.035 per OM token
• Token Allocation: 20% of the total token supply

The private sale was limited to a select group of investors and strategic partners who believed in the long-term potential of the Mantra DAO project.

2. Public Sale

• Dates: February 15 - March 7, 2019
• Token Price: $0.045 per OM token
• Token Allocation: 80% of the total token supply

The public sale was open to all interested participants and saw overwhelming demand from the cryptocurrency community.

ICO Timeline

• January 15, 2019: Private sale begins
• February 14, 2019: Private sale ends
• February 15, 2019: Public sale begins
• March 7, 2019: Public sale ends

Token Distribution

The total supply of Mantra Coin is 1 billion tokens, distributed as follows:

• Team and advisors: 10%
• Marketing and community development: 10%
• Research and development: 10%
• Ecosystem development fund: 20%
• Private sale: 20%
• Public sale: 30%

Key Features of Mantra Coin

Mantra Coin offers several key features that differentiate it from other cryptocurrencies in the market:

• Enhanced privacy: Mantra Coin leverages Zero-Knowledge Proof (ZKP) technology to provide users with complete privacy over their transactions.
• Scalability and security: Mantra Coin is built on the Ethereum blockchain, ensuring high scalability and security for its users.
• Low transaction fees: Mantra Coin is designed to be affordable and accessible to all users by leveraging layer-2 scaling solutions.
• Governance: Mantra Coin holders can actively participate in the governance of the Mantra DAO by voting on important proposals that shape the future of the ecosystem.

Conclusion

The Mantra Coin ICO was a significant success, raising substantial funds to support the development of the Mantra DAO ecosystem. With its attractive issue price, clear token distribution plan, and unique features, Mantra Coin has established itself as a promising player in the cryptocurrency market.