Strategic Partnership with DeFi Innovator MANTRA DAO Introduces FXF Staking Rewards!
We truly appreciate the incredible support we have received from the community — Now it’s time to pay it forward
After a (very) quick breather following our fully subscribed whirlwind of a token generation event over at Polkastarter, we’ve already jumped right back into the fray of product and business development! To be specific, we’ve aimed our sights on the cultivation of business partnerships and community building. Community is important to the success of any business in the modern digital economy, but it is especially vital in the field of cryptocurrency. The early establishment of a diverse, active, and engaged community is what makes or breaks most crypto projects. It is with that in mind that we have established a strategic partnership with MANTRA DAO — the DeFi powerhouse that commands perhaps the most diverse and well-connected community in the industry.
The highlight of our partnership with MANTRA DAO is that starting from the 10th of March, FXF holders will be able to stake FXF with MANTRA DAO and earn FXF token rewards!
The details of FXF staking will be released in a follow-up article that will include specific rates and step-by-step instructions for participation.
This pre-staking activity that we have arranged for our community prior to the launch of the Finxflo platform proper is our way of saying thank you to all our 5,000+ dedicated FXF token holders. The initiative also put us in touch with the lovely team at MANTRA DAO, a relationship that we aim to expand by leveraging MANTRA DAO’s powerful resources.
Meet MANTRA DAO — Perhaps The Most Well Connected Project in the Industry
One of MANTRA DAO’s core products is a unified interface for managing a variety of different staking protocols. In addition to making it easy to manage your delegations across multiple decentralized networks, there is the added bonus of OM token rewards which can be earned by delegating to MANTRA DAO validator nodes. They currently operate nodes for over a dozen top decentralized blockchain networks including Polkadot, Kusama, and Cosmos, as well as emerging heavyweights such as Kava, Terra, and Matic. Their diverse range of validator relationships has allowed them to cultivate a killer competitive advantage — the most diverse and well-connected community in the industry! When MANTRA DAO makes so much as a peep, it’s rapidly heard throughout every corner of the DeFi world.
MANTRA DAO also offers a wide range of exciting DeFi products — MANTRA POOL is their decentralized lottery which allows users to spend the “OM” MANTRA DAO ecosystem tokens in exchange for the chance to win thousands of dollars worth of stablecoins. ZENTEREST is their overcollateralized lending platform where users can take out loans from almost FIFTY different types of crypto assets, or earn interest plus enhanced OM rewards for lending those same assets.
The MANTRA DAO community is also eagerly looking forward to three exciting DeFi projects that are currently under development by the team lead by Council Member John Patrick Mullin:
- An UNDER-collateralized reputation based lending platform
- A Uniswap style AMM DEX
- The ZENDIT launchpad, an integrated suite of DeFi smart contracts that will allow carefully curated crypto projects to bootstrap their dreams by selling, distributing, and otherwise managing their tokens within the diverse MANTRA DAO ecosystem.
Finxflo & MANTRA DAO: A Match Made in Heaven
As many of our readers are surely aware, Finxflo’s mission is to build the world’s first hybrid liquidity aggregator in order to create the best possible trading experience by drawing on liquidity from both centralized and decentralized digital asset exchanges. With technical development already well underway, our current primary focus for business development is on community expansion and on enhancing community engagement. We have already made significant progress. As stated previously, in just these few short weeks the number of FXF holders has already expanded to over five thousand wallets (etherscan) — a great achievement for such a short time!
This strategic partnership with MANTRA DAO, allows us to further strengthen our community and increase engagement by drawing from their own large and incredibly diverse community.
This partnership gives us the opportunity to introduce Finxflo to ALL the communities MANTRA DAO offers staking services for, who jointly account for many hundreds of thousands of avid DeFi users.
The partnership also allows us to draw directly from MANTRA DAO’s own set of DeFi power users. The users of MANTRA DAO’s various DeFi products are exactly our target audience, and our partnership is certain to gain the attention of many within the MANTRA community who will be eager to try our product when it goes live.
As mentioned above, the details of this unique opportunity to participate in this FXF pre-staking activity will be released in a follow-up article which will include a specific explanation for the expectation of rates and step-by-step instructions for participation. Stay tuned and follow us on Twitter so you can be among the first FXF stakers!!!
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 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.
Our mission is to create an industry-leading trading platform to facilitate multi-crypto exchange access and provide both retail and institutional investors with professional-grade tools and global best prices through a user-centric interface.
We believe in a cryptocurrency market built on the values of legitimacy and trust, fully accepted by, and accessible to, the mainstream population. We envisage a level playing field for all participants, with the best prices available to traders irrespective of their portfolio size and location, with market distortions and unfair trading practices eliminated.
Our proprietary smart ordering algorithm distributes orders across multiple exchanges and retrieves optimum buy or sell prices, reducing slippage from large orders.
Everyone on our platform gets access to our dark pool, allowing traders to swiftly move in and out of any trade without incurring any market inefficiencies. Importantly, this allows protection from front running!
All with just one account, one KYC, and one wallet!