A Letter From Our CEO | August 2023

August 1, 2023

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Dear MANTRA Community,

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As we embark on a new month, I am pleased to provide you with some updates and insights on our progress.

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The office has been buzzing with activity as we welcomed a group of talented interns to join us for the summer. Their contributions across multiple departments, including marketing, finance, and operations, have been invaluable to our ongoing efforts. It’s been a pleasure seeing their enthusiasm for learning and having their energy in and around the office.

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We also recently organized a company outing, which consisted of a challenging hike and team-building activities. Despite the intense sun and heat, the experience brought us closer together, fostering a sense of camaraderie and mutual support. I actually think that the hike, which wasn’t intended to be the “team building exercise” was the real team builder, as we dealt with adversity or a rather long, hot and hilly hike, and got through the experience together as a team.

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On the product front, we are excited to have published the MANTRA Chain litepaper last month, marking a significant milestone in our journey towards launching our Cosmos SDK blockchain. You access it here.

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As I mentioned on Twitter, I believe that MANTRA Chain (AUM) has a competitive edge within the Cosmos ecosystem, as we are already coordinating with several centralized exchanges where OM is listed. This will allow us to leverage our pre-existing relationships and networks, to make sure that the MANTRA Chain protocol token, AUM will have a successful launch, and deep liquid markets. Follow me on Twitter for my thoughts on the positions of MANTRA, MANTRA Chain, and SOMA.finance within the crypto sphere.

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I have also continued with my weekly Twitter Spaces every Thursday, where I engage directly with the community and other exciting projects. Through these sessions, we delved into the MANTRA Chain litepaper, spoke with RocketX, and explored our latest governance proposal. On another note, I would like to extend my congratulations to our Spaces giveaway winners. As I mentioned last month, we plan to host more Spaces giveaways in the future, so stay tuned to our Twitter to find out more.

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From a broader industry perspective, it is inspiring to see the progress of digital asset adoption in several jurisdictions. For instance, Hong Kong has proposed a policy urging the government to introduce HKDG, its stablecoin, to compete with USDC and USDT. Meanwhile, the UAE has emerged as a pro-Bitcoin mining destination in the Middle East. To learn more about my thoughts on the crypto industry, follow me on LinkedIn.

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On a final note, I am delighted to announce that Brian Norman, the Group CFO of MANTRA, has been appointed as one of the Committee Co-Chairs for the Web3 & Blockchain Committee at the FinTech Association of Hong Kong (FTAHK). Please join me in congratulating him on this achievement. Brian's extensive experience and expertise will undoubtedly be instrumental in shaping the future of the FinTech ecosystem in Hong Kong. We are proud to have him as part of the MANTRA team.

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Thank you for your unwavering support. You are an indispensable part of our community, and we look forward to sharing more exciting updates with you soon.

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Onwards and upwards,