Hello everyone. There is a new which I wanna share with you and this news is about MANTRA DAO.
September is surely the month of partnerships! We are proud to announce that MANTRA DAO will be a genesis validator in the Kardiachain (KAI) ecosystem. This partnership occurs while Kardiachain is becoming more and more influential in Vietnam, where crypto adoption is on an exponential uptrend. While our recent spate of partnership announcements continues, MANTRA DAO is delivering on our IMO promise to build a large cross-chain ecosystem in which token holders of many different blockchains can be rewarded for staking their tokens with MANTRA DAO validators. This partnership will allow both KAI and OM token holders to benefit from the staking rewards of the Kardiachain network and liquidity mine OM.
Kardiachain, a link between private and public blockchains
Kardiachain is a hybrid public/private interoperable blockchain solution. The technology enables companies and governments to create dApps powered by the data of private blockchains and secured by public blockchains, allowing companies and governments to use sensible data without exposing it. Several public blockchains can be integrated into Kardiachain projects already such as Ethereum, Tron, Neo and EOS. The creation of bridges between blockchains is recently a hot topic because it deals with interoperability and cross-chain asset transfer. This technology is important for MANTRA DAO to be able to onboard as much economic bandwidth as possible into its ecosystem.
The Kardiachain team is working on two important technological solutions: Dual nodes and Kardia Smart contract markup language (Ksml). Their dual-node technology is the solution to cross-chain interaction and is about to be patented, while Ksml allows developers to deploy and run any smart-contract language in the Kardiachain ecosystem.
The KAI project has already attracted several big name partners, both in the crypto industry and the corporate world. Top tier projects such as the oracle provider Band, which is also a partner of MANTRA DAO, the layer 2 scaling solution Matic, and the cross-chain DeFi solutions provider Ankr have already teamed up with KardiaChain. Among corporate actors, they have partnered with Vietnam’s largest TV cable provider, VTVCab, which has 2.5 million users, and worked in tandem with the Vietnam Football Federation to create ON Sport, a 150,000-user app that enables users to interact with players and play fantasy games with NFT collectibles.
But perhaps their biggest partnerships to date come in the form of multi-billion dollar companies Mai Linh, Geleximco, LG CNS. These partnerships are crafted to push crypto adoption at a much larger scale than almost any other public blockchain project on the market today. Mai Linh, the biggest taxi company in Vietnam announced that 16,000 cab drivers would accept KAI as payment. Viettel, the largest Vietnamese telecom company has a user base of 60 million. Geleximco, a leading conglomerate in Vietnam with $2.2 billion total assets, securing the job for 9000 employees. Finally, the Korean firm LG CNS and Kardiachain are working together to combine their technologies and business on several big projects, most notably decentralized identity.
The beginning of a prosperous collaboration
With this partnership, several new features will be available both for KAI and OM token holders. By becoming a validator in the Kardiachain ecosystem, token holders will be able to delegate their KAI stake to the MANTRA DAO validator and earn extra rewards in addition to their rewards from their KAI holdings. Those delegators will be able to liquidity mine and thus increase their share of OM tokens. Moreover, the KAI token will be added as collateral for future DeFi products in the MANTRA DAO ecosystem.
Finally, Kardiachain’s dual node system will allow the integration of several new tokens into the OM interface. By facilitating the addition of more assets under management, users will discover more possibilities into the composable world of DeFi.
We will be thrilled to answer all your questions during a Kardiachain AMA on Tuesday and a MANTRA DAO AMA on Wednesday on our respective telegram channels. There will be juicy news and surprises for the community, so see you there!
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The information source is; MANTRA DAO WEBSITE
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