- Mantra has added Binance to its mainnet as a validator.
- Binance will improve Mantra’s security and decentralization.
- Mantra’s native token surged nearly 10% after the announcement of Binance’s addition.
Mantra, a real-world asset (RWA) tokenization platform, has added Binance to its mainnet as a validator.
According to reports, the move is designed to enhance the network’s security and decentralization by adding more external partners to its validator set.
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Binance’s partnership an endorsement for Mantra
Blockchain analysts and broader crypto community members consider the latest development pivotal to Mantra’s existence. They believe it signals the tokenization platform’s commitment to building robust infrastructure and promoting further decentralization within the blockchain ecosystem.
For context, Mantra is a leading player among blockchain networks that bring traditional assets, such as real estate, art, and commodities, onto the blockchain. The blockchain solution enables the transformation of real-world assets into digital tokens, enabling fractional ownership and making them accessible to a global audience.
In the meantime, Binance’s addition to the Mantra ecosystem represents a massive boost to Binance’s sustainability and increases its acceptability level within the broader blockchain community. Analysts expect the latest development to enable Mantra to unlock more liquidity and enhance the blockchain project’s transparency.
Much more than a technical improvement
Besides Binance’s technical addition to Mantra’s tokenization goals, its addition to the ecosystem represents a powerful endorsement for the project. Analysts expect the move to attract immediate benefits like enhancing users’ trust in Mantra, increasing the blockchain solution’s credibility among users, and exposing the project to a wider reach.
From a broader perspective, most members of the blockchain community believe the Mantra-Binance collaboration underscores a growing trend in the blockchain industry. Such partnerships involve the convergence of established crypto entities with innovative platforms to improve the technology’s adoption.
Binance’s role as a validator
As an external validator, Binance aims to maintain Mantra’s integrity while ensuring that the blockchain network remains stable and secure by verifying transactions and creating new blocks. Binance will also participate in Mantra’s consensus mechanism as a key player within the blockchain protocol.
Mantra’s native token, OM, surged nearly 10% early Monday morning after the blockchain project announced the latest partnership. TradingView’s data shows that OM’s price jumped from $0.2752 to $0.3022 within one hour following the announcement.
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