Latest news with #MANTRA
Yahoo
6 days ago
- Business
- Yahoo
Agri-Tech Firm Dimitra Partners With MANTRA to Bring Cacao, Carbon Credits onto the Blockchain
Dimitra, a blockchain-based agricultural technology company, has partnered with Layer 1 blockchain platform MANTRA to bring real-world agricultural assets on-chain. Jon Trask, Dimitra's founder CEO, told CoinDesk at Bitcoin 2025 in Las Vegas last week that the partnership aims to eventually bring a billion dollars worth of agricultural assets, starting with cacao in Brazil and carbon credits in Mexico, onto MANTRA's blockchain. Trask added that the two pilot projects with MANTRA are currently small in scale — in Brazil, only 25 of the 374 cocoa farmers in Brazil's so-called 'cocoa pole' in the southern region of Roraima are currently signed up to participate — but could be expanded 'indefinitely' with enough investor interest. Through the partnership, MANTRA holders will be able to invest directly in smallholder farmers, providing funding for a variety of regenerative agricultural projects in a way that is made traceable and verifiable by the blockchain. Trask estimated that investors could see between a 10-30% return on their investments annually, which he clarified was a a projected range based on preliminary modeling — with agriculture comes risks like pests and drought which could impact yield, he added. Trask said that Dimitra is still in the process of integrating the two pilot programs with MANTRA, but expects that holders of MANTRA's native OM token will be able to invest in the projects within the next couple of months. Dimitra's announcement comes a month after MANTRA took a beating. Its OM token plummeted 90% in a flash-crash in April. Since the crash, OM has hovered around $0.34 — a far cry from its height of $8.47 in February. Asked why Dimitra went forward on a partnership with MANTRA following the fallout, Trask said that the deal pre-dated the crash, but admitted it initially gave him pause. 'We made the deal many months ago,' Trask told CoinDesk. 'Then they had their crash, and we all took a pause to reassess to ensure we were making the best decisions for the long-term benefit of the community and projects amid a time of volatility.' But ultimately Trask decided to move forward with the partnership, telling CoinDesk that, when the dust settled, he still found the fundamental reasons for the partnership to hold true: MANTRA had a strong team, he said, the real-world asset (RWA) development was sound, and he was impressed by their virtual asset service provider (VASP) license, granted by Dubai's Virtual Asset Regulatory Authority (VARA), which it obtained earlier this year. MANTRA has done a number of RWA tokenization projects in the Middle East, including tokenizing $500 million worth of real estate in the United Arab Emirates (UAE) for a Dubai-based real estate group. 'Tokenizing agriculture isn't just about innovation, it's about finding solutions to real-world issues long associated with food supply — at scale — and for long-term impact,' said John Patrick Mullin, CEO of MANTRA, in a press release shared with CoinDesk. 'Dimitra is solving real-world problems, with a focus on traceability and transparency — and we're proud to help bring those to a wider audience. MANTRA Chain was built to support projects like these.' Sign in to access your portfolio
Cision Canada
28-05-2025
- Business
- Cision Canada
Dimitra and MANTRA Partner to Tokenize Real-World Agricultural Assets for Real Impact
DUBAI, UAE, May 28, 2025 /CNW/ -- Dimitra, a global leader in agriculture technology and sustainability solutions - that leverages blockchain and artificial intelligence to support farmers - has partnered with MANTRA, a layer 1 blockchain platform focused on real-world assets (RWAs). This collaboration aims to bring green agricultural assets onchain, offering innovative ways for farmers to finance their activities, and enable global investors to engage in sustainable value creation. Dimitra uses blockchain and artificial intelligence to help smallholder farmers boost productivity and build more resilient agricultural systems. MANTRA brings a secure, regulation-friendly blockchain designed for tokenizing real-world assets, across real estate, commodities, and agriculture. Together, they will unlock new pathways to connect high-impact farming projects with investors seeking transparent, asset-backed opportunities that deliver both returns and positive change. The first phase of the partnership will focus on cacao production in the Amazon region of Brazil and carbon credit projects in Mexico. In Brazil, Dimitra is working with smallholder farmers to improve cacao yields through the Connected Cacao platform, designed to provide tools for soil analysis, crop monitoring, AI technical assistance and regenerative best practices. Cacao is a high-demand crop, especially among chocolate producers. Tokenizing cacao-based RWAs can open new paths for financing infrastructure, traceability and farmer incentives, making the entire value chain more profitable and transparent. In Mexico, Dimitra and MANTRA will leverage Dimitra's carbon monitoring tools to support a forest conservation project covering over 20,000 hectares, with the potential to generate nearly one million carbon credits in the next ten years. These efforts will produce 100% traceable carbon credits, making it easier to verify, trade and invest. As the global demand for carbon credits continues to rise, tokenization of carbon projects offers a path to broader access and greater impact. While the initial projects will focus on Brazil and Mexico, this partnership will establish a framework for tokenizing agricultural projects worldwide. Dimitra's portfolio includes dozens of agricultural projects in Latin America, Africa and Asia. Many of these projects are economically sound, but struggle to attract funding. With MANTRA's infrastructure, these initiatives can be turned into investable opportunities that appeal to a growing number of people and institutions looking to make a real impact with real returns. "This partnership is about unlocking new value from the real economy," said Jon Trask, CEO of Dimitra. "Through MANTRA's platform, we'll be able to turn powerful, regenerative agricultural projects into accessible investment opportunities, benefiting both farmers and investors." "Tokenizing agriculture isn't just about innovation, it's about finding solutions to real-world issues long associated with food supply - at scale - and for long-term impact," said John Patrick Mullin, CEO of MANTRA. "Dimitra is solving real-world problems, with a focus on traceability and transparency - and we're proud to help bring those to a wider audience. MANTRA Chain was built to support projects like these." The partnership follows a string of strong developments from MANTRA, which continues to build momentum in the real-world asset space. Earlier this year, MANTRA was awarded the first DeFi license from Dubai's Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services. It also launched the RWAccelerator - a start-up program for builders and startups supported by Google Cloud. Dimitra is a leading AI and blockchain-based platform for AgTech driving productive, intelligent and inclusive farming. Dimitra empowers farmers to make their processes smarter through actionable data-driven insights. Now working with farmers and co-ops across 35 countries, Dimitra's AI-driven solutions equip farmers, agribusinesses, and governments with cutting-edge technology to combat deforestation, increase yields, reduce costs, and mitigate risks. Dimitra ensures seamless access to precision agriculture, supply chain transparency, carbon credit generation, and regulatory compliance. About Mantra MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real-world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability. MANTRA holds a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA), to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services.
Associated Press
18-04-2025
- Business
- Associated Press
Fear and Hope: Bybit x Santiment Social Sentiment Report on OM Collapse and XPR EFT
DUBAI, UAE, April 18, 2025 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has released a comprehensive social sentiment analysis report in collaboration with crypto market intelligence platform Santiment, uncovering critical insights into two contrasting narratives currently shaping the crypto landscape: the unprecedented collapse of MANTRA's OM token and growing optimism surrounding potential XRP ETF approvals. The mixed picture against the backdrop of paradigm shifts in macroeconomics has led to market polarization, the report said. Key Findings: The OM Crash - The Controversies The report details how MANTRA's OM token took a dive of 90% from $6.35 to $0.37 within hours, slashing its market cap from $6.11 billion to $683 million. While CEO Mullin called out exchanges for 'reckless forced liquidations' during low-liquidity periods, on-chain data revealed suspicious pre-crash activity with 43.6 million OM tokens ($227M) deposited into exchanges by 17 wallets shortly before the price drop. Trust eroded further when MANTRA's Telegram group disappeared post-crash, fueling rug pull speculation. OKX launched an investigation into suspicious activities dating back to Mar. Despite a modest recovery to $0.73 by Apr. 15, investor confidence remains shattered. MANTRA's recovery plan including token buybacks and community engagement through its $109 million Ecosystem Fund faces widespread skepticism. XRP Spot ETF - The Needed Confidence Boost XRP has emerged as the frontrunner for the next US spot ETF approval, with Teucrium's first US-based XRP exchange-traded fund (XXRP) celebrating a successful launch day. According to Kaiko Indices, XRP leads with ten active ETF applications, boasting the highest average 1% market depth among major altcoins—a crucial factor for ETF functionality. Market optimism centers on the May 22 SEC decision on Grayscale's XRP Spot ETF application, with analysts watching key resistance levels at $2.24 and $2.38. XRP has attracted over $31.8 million in net exchange inflows this week (its third highest of 2025). Ripple's bold projections expect the tokenized asset markets to grow to 18.9 trillion by 2033, from $0.6T today. The report also highlights broader macroeconomic factors influencing market sentiment, particularly the ongoing US-China trade tensions, as the world gets caught in tariff threats. While markets experienced a brief respite in recent days, the underlying threat to global economies remains present as investors and policymakers brace for the next development in this trade saga. With BTC settling into a relatively stable range between $83,000 and $86,000, market participants are watching closely for the upcoming Federal Reserve meeting on May 7, where a 54% probability of a rate cut could further impact market dynamics. The full Bybit x Santiment report is available for download. #Bybit / #TheCryptoArk / #BybitResearch About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at For more details about Bybit, please visit Bybit Press For media inquiries, please contact: [email protected] For updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Contact Head of PR Tony Au Bybit [email protected] Photo - Logo - View original content to download multimedia: SOURCE Bybit
Yahoo
15-04-2025
- Business
- Yahoo
Mantra's $OM Erases Over $5B Within Hours
Investors are reeling over MANTRA's OM token crash that has erased $5 billion in market cap within hours. Plus, Jack Dorsey, Elon Musk push to "delete all IP law" and Ethereum founder Vitalik Buterin calls for improving privacy. CoinDesk's Christine Lee breaks down April 14, 2025 top headlines on "CoinDesk Daily." Sign in to access your portfolio
Forbes
14-04-2025
- Business
- Forbes
MANTRA's $5.4B Crash: How Supply Control Set the Stage for Disaster
In one of the most dramatic implosions in recent crypto events, MANTRA's OM token crashed 90% within hours, wiping out over $5.4 billion in market value. The price collapsed from $5.21 to $0.50 over the weekend before a brief rebound to ~$1.2 — a flash crash that stunned even hardened market veterans. The community quickly compared the event to LUNA's historic collapse, but data shows MANTRA's fall was uniquely self-inflicted. While the immediate trigger for OM's collapse was a sudden cascade of forced liquidations totaling $66.97 million in just 12 hours, it seems the underlying fragility had been building for months. MANTRA's team allegedly exercised extreme control over OM's supply, with up to 90% of tokens — about 792 million OM — held in a single wallet. This left only 10–20% of the total supply circulating freely, making the token acutely vulnerable to any significant sell pressure. In the days leading up to the crash, on-chain data seems to have revealed that 17 wallets collectively offloaded 43.6 million OM — worth approximately $227 million — to exchanges, representing 4.5% of the circulating supply. At the same time, rumors emerged that tokens were being sold off-exchange at 50% or greater discounts, further undermining confidence in the open market. These conditions would later set the stage for a liquidity death spiral. When major holders began exiting, the already thin order books couldn't absorb the sudden wave of sell orders, triggering cascading liquidations across exchanges and accelerating OM's collapse. Before the crash, OM appeared almost unstoppable. The token hit an all-time high of $9.04 in late February this year and was still up 825% year-on-year just before the collapse, according to CoinMarketCap data. OM's price resilience, even as broader crypto markets corrected, painted a picture of strength that has made the community to follow. In hindsight, it seems to have proven to be largely a manufactured illusion. MANTRA's tight grip on circulating supply, aggressive market making, and repeated delays in airdrop distributions — often justified by questionable "Sybil attack" claims — kept selling pressure artificially low. The project's public image was further bolstered by the announcement of a $108 million ecosystem fund just days before the crash. Behind the scenes, however, the reality was far more fragile. OM's liquidity was thin, ownership remained highly centralized, and insider exits were quietly accelerating, all setting the stage for the token's eventual implosion. MANTRA's crash is more than an isolated incident — it stands as a textbook case of how hidden risks can build quietly until they explode. Thin liquidity combined with heavy insider holdings created a fragile system, where even minor shocks had the ability to trigger a full collapse. Rumored OTC discount sales further eroded market confidence, producing inflated valuations that were never truly backed by open market demand. Flashy growth stories can prop up prices temporarily, but they cannot hide underlying structural weaknesses forever. Despite MANTRA's downfall, the broader RWA sector remains resilient, with total value locked reaching a record $11 billion in the first quarter. Still, MANTRA's fate serves as a brutal reminder: in crypto, control is a double-edged sword. When a handful of players dominate supply, so-called "price stability" can shatter into collapse almost overnight.
