Key Takeaways
- MANTRA is a DeFi project with its own blockchain offering various financial services.
- The Hongbai Testnet allows users to interact with simulated versions of real-world assets converted into digital tokens on the blockchain.
- The team has allocated 50 million $OM tokens for community airdrops.
What Is MANTRA?
MANTRA, previously known as MANTRA DAO, is a vertically integrated blockchain ecosystem that was launched in 2020. The project positions itself as a DeFi project offering various financial services through its own blockchain.
Hongbai Testnet
MANTRA’s Hongbai Testnet is a simulated version of their mainnet blockchain, specifically designed for developers and users to test and interact with the platform’s features before a full launch.
The testnet mainly focuses on applications involving tokenizing real-world assets (RWAs). Users can interact with simulated tokenized assets, stake tokens, and potentially even earn rewards through their incentivized programs.
This testnet also caters to both developers and users. Developers can build and test their applications in a safe space before deploying them on the mainnet. Users can also explore the functionalities of the MANTRA Chain, get familiar with the concept of tokenized real-world assets, and potentially even earn some rewards while they’re at it.
How To Qualify For An Airdrop?
An airdrop campaign for MANTRA’s Hongbai Testnet was announced in April 2024. The total airdrop pool was 50 million $OM tokens, which will be distributed to testnet participants.
To join:
👉 STEP 1: Head over to https://app.galxe.com/quest/krFNiTdbd4L3XrqumQk8fb/GC7xvth4oK.
👉 STEP 2: Complete Galxe quests.
👉 STEP 3: Head over to https://www.mantrachain.io/hongbai and connect to your Keplr wallet.
👉 STEP 4: Connect to the MANTRA Hongbai Testnet.
👉 STEP 5: Head over to https://faucet.hongbai.mantrachain.io/ and paste your address to request tokens. You can only claim testnet tokens once every 24 hours.
👉 STEP 6: Once you receive your testnet tokens, you can use them in MANTRA’s ecosystem.
Final Thoughts
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