According to the announcement from Binance, the cryptocurrency exchange will offer a listing of MANTRA DAO (OM) in the specific section of its website, the Innovation Zone. From 9 a.m. (UTC) on Monday, March 8, traders can have access to pairs OM/BTC, OM/USDT, and OM/BUSD.
MANTRA DAO is a DeFi platform for staking and lending governed by the community. MANTRA DAO’s token OM is used for staking, borrowing, lending, governance, participation in rewards incentives, and joining savings games.
Binance Innovation Zone is for listing new DeFi coins, which might be highly volatile. This makes them riskier to trade in comparison to popular coins. Before accessing this section of the website, users have to answer two questions. Specifically, with those questions they confirm their understanding of trading risk and responsibility for their trades.
As per CoinMarketCap.com data, OM’s current ranking is #297. It has a market cap of over $93,000,000, and a 24-hour trading volume of over $22,000,000.
For more information about MANTRA DAO listing and trading OM on Binance, as well as a reminder about a higher risk of trading in the Innovation Zone, please visit the announcement on Binance website.