TL;DR
- MANTRA launches the Hongbai Incentivized Testnet to explore tokenization of real-world assets on MANTRA Chain.
- Developers will have access to custom modules such as Compliance ID, Token Service and Guard.
- Participants can earn rewards by completing missions on GALXE and stay updated through the Discord channel.
MANTRA‘s recent news about the launch of the Hongbai Incentivized Testnet marks a significant milestone in the world of decentralized finance (DeFi) and real-world asset (RWA) tokenization.
This event demonstrates the continued evolution of MANTRA Chain and its commitment to innovation in the blockchain sector.
👨💻 Hongbai Incentivized #Testnet is LIVE!
We’re thrilled to open the floodgates to the Hongbai testnet, welcoming over 100,000 eager participants to explore #MANTRA— the premier security-first Layer 1 blockchain for #RWA tokenization.
Read more: https://t.co/W6FhBgqE9Q
🛠️ What… pic.twitter.com/lsJXcLoGtr
— MANTRA | Tokenizing RWAs (@MANTRA_Chain) April 10, 2024
The Hongbai Incentivized Testnet invites over 100,000 participants to immerse themselves in exploring real-world asset tokenization on the platform blockchain, renowned for its focus on security and robust layer 1 infrastructure.
Among the highlights of this announcement is the adoption of OM as a native blockchain token, reinforcing its importance in the ecosystem.
For developers, access to custom modules such as Compliance ID, Token Service, and Guard represents an exciting opportunity.
Compliance ID integrates a Decentralized Identity (DID) system into MANTRA to ensure security and trust
On the other hand, the Token Service module allows the creation and issuance of tokens with specific permissions, opening up new possibilities for asset tokenization and innovative use cases on the blockchain and beyond.
Finally, the Guard module provides precise control over user permissions, ensuring a high level of security and regulatory compliance.
Participants in the testnet have the opportunity to earn rewards by completing missions on GALXE, a platform that promotes active participation in the community.
Additionally, MANTRA offers a dedicated Discord channel to keep users informed of the latest updates and participation details as the testnet progresses.
The launch of the Hongbai Incentivized Testnet represents a step forward for the platform in its mission to merge the worlds of traditional and decentralized finance through the tokenization of real-world assets.
With innovative features and an active community, MANTRA continues to stand out as a leader in the blockchain and DeFi space, offering exciting opportunities for developers and users alike.
