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MANTRA DAO Selected as a Genesis Validator for the KardiaChain Ecosystem

MANTRA DAO is Pleased to Announce its Latest Validator Partnership with KardiaChain

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.

MANTRA DAO Selected as a Genesis Validator for the KardiaChain Ecosystem

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, September 15th, and a MANTRA DAO AMA on Wednesday, September 16th on our respective telegram channels. See you all there!

About KardiaChain

KardiaChain is a public blockchain focused on Interoperability, leading the race towards blockchain adoption in Vietnam by providing hybrid blockchain solution/infrastructure for major enterprises and government bodies. The goal is to build a complete blockchain ecosystem for institutions by leveraging 3 main components: Gateway, Infrastructure, and Services.

Website | Telegram | Medium | Twitter | LinkedIn

About MANTRA DAO

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance.

MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.

Website | Whitepaper | Telegram | Medium | Twitter | LinkedIn

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MANTRA is a first of its kind, vertically-integrated and regulatory compliant blockchain ecosystem.