What Is MANTRA (OM) Coin: MANTRA Announces Launch Date, Eligibility & More For Its Airdrop

MANTRA Chain is a Layer 1 blockchain created for the tokenization of RWAs. It is a permissionless blockchain for permissioned applications, and is capable of adherence to and enforcement of real world regulatory requirements. OM token is the native token on the MANTRA Chain, and with the rise of RWA, it began to gain attention and kept setting new price highs in 2024.

On November, with Trump’s election win, the crypto market is full of bullish sentiment and the investor’s excitement is quite high, which can be demonstrated by BTC‘s new ATH record reached after the election. Notably,  for the Mantra fans, excitement has doubled as the Mantra team has officially confirmed the 50M OM airdrop. With this, the community of over 350,000 members will be able to participate in this massive Gendrop airdrop, where the NFT holders, stakers, and ecosystem active contributors are eligible to participate.

Then, What is MANTRA (OM) coin? Is it a good investment in 2024? Next, let’s take a close look at MANTRA (OM) Coin.

Table of Contents

Latest News & Updates on MANTRA (OM): MANTRA Announces Launch Date, Eligibility & More For Airdrop

What is MANTRA (OM)?

Who are the Founders of MANTRA (OM)?

What is the OM Token?

$OM Tokenomics

MANTRA Airdrop

MANTRA (OM) Price History

MANTRA (OM) Price Prediction

Is MANTRA (OM) a Good Investment in 2024?

How to Buy the OM Token?

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Latest News & Updates on MANTRA (OM): MANTRA Announces Launch Date, Eligibility & More For Airdrop

The Mantra team has officially unveiled its highly anticipated 50 million token airdrop scheduled for November 8th via a post on X. This airdrop has garnered immense popularity, with the allocation list already released, further escalating the excitement among participants. To check their allocation, interested individuals can visit the Mantra Zone.

The team has ensured the inclusion of multiple groups and a separate allocation for every group, simplifying the process for many. As each category has different eligibility criteria, this Gendrop airdrop will offer its participants equal opportunities.

According to the official MANTRA announcement, the OM airdrop confirms the distribution among 11 groups, encompassing 350,000 users. Notably, those who participated in the KARMA Pre-Mainnet Quests will receive the largest portion. 60% of the total (30,000,000) airdrop is reserved for these, and around 124,758 addresses will have their share.

What is MANTRA (OM)?

MANTRA is a vertically integrated blockchain project launched in 2020. Previously known as “MANTRA DAO,” the project aims to play an active role in crypto trading services, fundraising, and innovation, adopting an open and transparent structure.

Recognizing the potential of Cosmos and the missing piece of the current RWA puzzle in the ecosystem, MANTRA was the first pioneer to make RWA more accessible to user profiles in Web3.

MANTRA’s architecture integrates multiple blockchain technologies to create a versatile and inclusive ecosystem. Following the principles of transparency, community control and financial inclusion, the platform offers a variety of DeFi services, such as staking, lending and governance.

By integrating these capabilities into one ecosystem, MANTRA (OM) simplifies the user experience and enhances the potential for collaborative growth in the DeFi space. The ecosystem’s commitment to innovation and community-driven development has made it an important player in the evolving world of decentralized finance.

It should be noted that MANTRA was originally just Polkadot’s first project, and now offers services on Ethereum, Binance Smart Chain, and Polygon.

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Who are the Founders of MANTRA (OM)?

The founding team of MANTRA DAO consists of three people, all with extensive experience in the space. The CEO and Co-Founder, John Patrick Mullin, is a blockchain technology consultant with extensive experience in both traditional finance and blockchain. He has once worked with notable organizations such as SOMA.Finance, HeliSwap, and Club DAO.

Will Corkin is the CTO & Co-Founder of MANTRA DAO. He is also the co-founder of Polkadot startup CLUB DAO, where he focused on developing a blockchain for large-scale institutional adoption. Prior to that, he was an employee of Ambassador, a blockchain network designed to build web 3.0 networks.

Rodrigo Quan Miranda is the COO and Co-Founder of MANTRA DAO (OM). He previously served as the CTO of BlockSmith, an infrastructure-as-a-service provider for proof-of-stake blockchain ecosystems. He also worked at other startups such as Club DAO and SOMA.finance.

What is the OM Token?

Cryptocurrency	MANTRA DAO
Token	OM
Price	$ 3.8659 -2.98%
Rank	41
Market Cap	$ 3.2B
24H Trading Volume	$ 434.3M
All-time High	$ 4.6128
All-time Low	$ 0.0174
24 High	$ 4.0540
24 Low	$ 3.5119
Cycle High	$ 3.9854 / 2024-12-21 00:53:01
Cycle Low	$ 3.5007 / 2024-12-20 11:52:28
Update Time	2024-12-21 02:23:02

OM is MANTRA DAO’s utility token that was originally based on the Ethereum blockchain but now also lives on BSC and Polygon with more being developed.

With OM tokens, users can earn passive income by staking and supplying on money market agreements. The betting platform offered by MANTRA is built according to the interests of investors, which allows them to receive attractive rewards and expand the possibilities of the network. Currently, investors staking OM tokens on MANTRA DAO can receive an estimated annual return of 35%. At the same time, users keep control over tokens, and they can always withdraw their bet. The system is managed by the user.

With the help of OM tokens, MANTRA DAO members are able to make changes to the protocol through systematic voting. Each OM token allows one vote within the ecosystem. OM holders are allowed to propose ecosystem grants, interest rate, OM inflation rate, the addition of rate assets or loan products.

MANTRA DAO users also enjoy a wide range of other benefits, such as technical support and development resources, community collaboration tools, marketing benefits, and access to exclusive events.

Finally, OM connects to MANTRA’s unique Karma protocol, a reputation system that rewards positive contributions to the ecosystem. Users with higher Karma scores can benefit from increased staking  incentives, reduced fees, and better loan rates.

$OM Tokenomics

MANTRA’s total supply of tokens is capped at 888,888,888 tokens, its token distribution is as follows:

• Public allocation (8.5%)
• Private offering (9%)
• Teams and consultants (17.5%)
• Finance and Ecosystems (35%)

After Mainnet launches, the Genesis $OM token supply will not be limited by variable inflation. This is to ensure a strong proof-of-stake network that continuously incentivizing validators to protect the MANTRA Chain.

MANTRA Airdrop

The second-largest allocation is reserved to Galxe Season 1, with 12% of the total supply reserved for 125,725 participants. To be eligible for the Gendrop airdrop in this category, users must have participated in the Galxe quest and earned more than 215 points. Importantly, the number of points collected determines the size of the reward, meaning that higher point totals equate to greater rewards. Additionally, the team has introduced another eligibility criterion, which requires the inclusion of an EVM address.

Other than this, in list there is ATOM Staker to MANTRA Node (8%), Bad Kids NFTs (4%), Celestine Sloths NFTs (4%), Pudgy Penguins NFTs (3.5%), Testnet validators (3.5%), Mad Scientists NFTs (2.5%), Galxe Season 2 (1%), MANTRA NFTs (1%) and Bit Kids NFTs (0.5%).

With this, the Mantra team has regained the user’s interest. However, the revelation of the official OM airdrop launch date is still pending. Now, it has to see how it will affect the OM price.

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MANTRA (OM) Price History

Since its inception in 2020, MANTRA (OM) has gained significant traction in the blockchain and DeFi space. The platform’s integration of various DeFi services has made it a notable player in the market. Recent market activities reflect its dynamic growth and adaptation to the rapidly evolving crypto environment, with the token hitting its all-time high recently.

On June 10, the OM token once hit a peak price of $1.09, a new record high. Despite a pullback after hitting a high, OM has gained as much as 3,177.99% over the past year, showing its strong potential.

As of writing the article, $OM is traded at $ 3.8659, boasting a market cap of $ 3.2B, and witnessing a hefty 24-hour trading volume of $ 434.3M. $OM Token saw a 24-hour price change of -2.98%, with minor fluctuations of 0.88% in the past hour.

The following sets forth OM to USD Chart

MANTRA Chart

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MANTRA (OM) Price Prediction

Now that we know what MANTRA is and its price history of OM coins, let’s take a look at the experts’ future price predictions for OM coins.

MANTRA (OM) price prediction 2024

As for MANTRA (OM) price prediction for 2024, based on current market conditions, MANTRA (OM) is predicted to be traded  between $1.37 on the lower end and $2.05 on the high end, with an average trading price expecting to be around $1.71.

Here are the possible price changes we expect for MANTRA in the next half month:

MANTRA (OM) price prediction 2025

In terms of MANTRA price prediction for 2025, the maximum price level of  OM token is predicted to be $ 5.3881. Under a bearish circumstance, OM is projected to drop to a lowest level of $ 3.1642, with an average price of $ 4.7589 throughout the year.

MANTRA (OM) price prediction 2030

Looking forward to long-term price prediction for 2030 on MANTRA (OM), OM is predicted to be traded within a range of $ 4.1672 to $ 7.2675 during the year, with an expected average cost of approximately $ 6.7067. These insights provide investors with a roadmap to navigate the dynamic landscape of Saga’s price fluctuations.

MANTRA (OM) price prediction 2050

In terms of long-term price prediction for 2050 on MANTRA (OM), it is projected that MANTRA (OM) would be traded at a minimum price of $ 14.3509. The maximum price could be $ 28.3734, with an average price of $ 24.0438 throughout the year.

There is large uncertainty about the future price of MANTRA (OM) token, as the cryptocurrency market changes rapidly. With this in mind, we have made both more bullish and more bearish forecasts for MANTRA (OM) crypto based on a variety of different scenarios.

Potential Highs & Lows of MANTRA

Here are our projected highs and lows for MANTRA from 2025 to 2050:

Is MANTRA (OM) a Good Investment in 2024?

If you want to know whether OM coins are a good investment, it is necessary for you to be clear about the pros and cons of the project.

In summary, whether MANTRA (OM) is a good investment depends on your risk tolerance and goals. Be sure to conduct your own research before making any investment decisions.

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How to Buy the OM Token?

OM USDT-margined perpetual futures contracts with a leverage of up to 50x are now available on BTCC platform. If you are interested in MANTRA (OM) and want to buy the token, you can start by signing up for BTCC platform.

The following sets forth the guidance for trading MANTRA (OM) futures on cryptocurrency exchange BTCC:

Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.

Step Two: on the BTCC official homepage, choose “Deposite”, and then fund your account with your preferred method (fiat deposit, crypto deposit or convert).

Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find MANTRA (OM) crypto trading pair.

You can also click the button below to directly enter OM trading page⇓

Step Four: choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.

• Market Order: users place orders at the best price in the current market to achieve fast trading.
• Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
• SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Step Five: adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Step Six: choose the lot size and set the SL/TP price .

Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Step Eight: click the buy or sell button, and OM futures contract order is completed.

That’s all information about MANTRA (OM). If you want to know more information about MANTRA (OM) and other cryptocurrencies, please visit BTCC Academy.

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