Mantra Chain ($OM) Token Airdrop Information
Mantra Chain ($OM) is a decentralized finance (DeFi) project that aims to tokenize real-world assets on Cosmos using layer 1 AppChain. Mantra has allocated $50 million in OM tokens for airdrop to the community. Airdropped tokens will be allocated to ATOM stakers and specific NFT holders. Additionally, they will double the token supply for the new mainnet launch, and in April 2024, Hongbai incentive testnet participants and potentially some other participants will be eligible to receive $OM airdrops. Here is a guide to the Mantra Chain ($OM) token airdrop:
Check out our step-by-step guide.
What is a Mantra Chain?
Mantra Chain is actively evolving in response to global blockchain regulations and is the first Cosmos chain designed for this purpose. By leveraging the power of the Cosmos SDK and Tendermint, Mantra Chain provides a secure and transparent environment for the development of regulated digital assets and applications. We aim to shape the future of decentralized finance (DeFi) and the broader blockchain ecosystem by prioritizing security, compliance, and inclusion of both institutional and retail users.
Mantra recently raised $11 million in funding led by Shorooq Partners, a prominent venture and technology investment firm in the MENA region. Other investors include Mapleblock, Three Point Capital, Forte Securities, Virtuzone, Hex Trust, GameFi Ventures, Token Bay Capital, Virtuzone, BlackPine, Mapleblock, Fuse Capital, 280 Capital, and Caladan.
Check out our interview with Mantra Chain CEO JP Mullin.
How do I receive the Mantra Chain ($OM) token airdrop?
Here’s how to receive the Mantra Chain ($OM) token airdrop:
- Join the Hongbei Incentivized Testnet
Hongbei incentive testnet will be launched soon. Join the waiting list here.
- Stay tuned for updates
Follow Mantra on Twitter to get the latest news about the Incentivized Testnet.
- $ATOM Staking
JP Mullin mentioned after the interview that $ATOM stakers may be eligible for $OM token airdrops. However, the official eligibility criteria have not been officially announced yet. To stake $ATOM tokens in your Keplr wallet, go to your Keplr dashboard. You can stake $ATOM on Cosmos Hub here.
- Have specific NFTS
JP Mullin also revealed that holding certain NFTs, such as Bad Kids and Pudgy Penguins, could potentially qualify you for a $OM token airdrop.
- Join the $OM staking pool from MantraDAO and Mantra Finance
Staking your $OM tokens in MantraDAO and Mantra Finance’s staking pools will increase your chances of qualifying for the airdrop. Currently, these platforms have a 1.35x multiplier for $OM stakers. However, $OM staking on MantraDAO will be suspended until March 31, 2024.
