Win Crypto Every Week with MANTRA POOL
December is shaping up to be one of the biggest months yet for the MANTRA DAO team as it is gearing up for the launch of a number of new services. One of the forthcoming products to launch inline with their Q4 roadmap will be the much anticipated perpetual savings game, MANTRA POOL. The team is incredibly excited to launch MANTRA POOL for the first time to the Sherpa community and start giving away weekly crypto prizes!
MANTRA POOL gives Sherpas the opportunity to become winners of weekly crypto pools. These winning pools are compiled of 25% of the staking rewards that the MANTRA DAO Foundation generates every week. For those keeping updated on all of our recent partnership and validator announcements knows that we are running validator nodes for a number of different blockchains and projects, so this weekly amount can be quite significant! Particularly as our AUD (Assets Under Delegation) grows, and we add more PoS validator nodes. As the launch date of MANTRA POOL is on the horizon we want to outline to everyone exactly how it will work and share some exciting first initiatives that we have lined up for the launch!
How it works
MANTRA POOL acts in a similar fashion to a traditional raffle where members purchase entries into the pool.
Every week there will be 5 winners of the pool that will evenly win.
1 entry into the pool is equivalent to 1 OM token. Since we are a DAO with OM acting as a governance token, we prefer to stay away from token burning models (we believe in the buyback and make model, which you can read about more here), members will send OM to the MANTRA DAO smart treasury pool in order to receive entries into the MANTRA POOL. There is no limit on the number of entries a user can have for each pool.
Every week 5 randomly on-chain generated winners will be picked to receive that week's pool amount.
MANTRA POOL Launch Promotion
Following the successful launch sale of our first MANTRA DAO NFT, we are happy to announce that we will be using ~25% of the ETH from the sale (40 ETH) to give an extra boost to our initial MANTRA POOLs! We will spread those 40 ETH over the first 12 MANTRA POOLs (3 months), which means that there will be an extra 3.33 ETH (~1,900 USD at current ETH prices) every week!
As we continue to build out the MANTRA POOL we will look to add other unique features and launch special pools in collaboration with partners and to coincide with different milestones reached. We are excited to start sharing the MANTRA DAO Foundation’s earnings with our Sherpa community so be sure to get your OM ready for when MANTRA POOL launches this month!
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to creates 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.