Ticker Change & Token Split: What to do?

Governance
1

On October 30th, 2025, we launched a governance proposal outlining the next steps for the OM coin after ERC20 OM has been deprecated on January 15th, 2026. Please find the proposal summary below:

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Proposal Summary:

In preparation for OM coming home to its native chain, we intend to further consolidate our ecosystem around our brand and to streamline our tokenomics in a way that is primed for global expansion. We believe MANTRA is our strongest brand, and we want to double down on this strength. As such, we believe the following proposal lays the best foundation for the first steps after the deprecation of ERC20 OM.

The steps we propose are the following:

  1. Change the ticker from $OM to $MANTRA

  2. Implement a 1:4 token split, which proportionally redenominates the hard capped max supply from 2.5B to 10B.

READ ENTIRE PROPOSAL

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What’s Next?

The steps outlined in (1) and (2) above will require some technical considerations that our team is evaluating. We will continue to post information in this thread, as the proposal’s execution develops further. We also invite all community members that may have questions or concerns about their specific situation to use this forum for knowledge sharing and active engagement with the MANTRA team.

That being said, the following is a first list provided by our team that guides OM holders on what to do prior to the Upgrade. This list is not exhaustive and we will keep adding to it as we progress on the implementation.

Where is my OM? What do i have to do for the Upgrade?
Holding in my MANTRA Address No action required
Staked on MANTRA Chain No action required
Holding on CEX (with MANTRA Chain integrated) No action required
Provided Liquidity on MANTRA Swap Unwind your position
Provided OM to Fluxtra for ftOM Unwind your position
Holding on Osmosis Address (IBC) Use IBC to bring OM back to MANTRA Chain
Provided Liquidity on Osmosis (IBC) Unwind position and bring OM back to MANTRA Chain using IBC
Holding on Stargaze (IBC) Use IBC to bring OM back to MANTRA Chain
ERC20 OM on Ethereum Migrate to MANTRA Chain by Jan 15th
ERC20 OM on Polygon Bridge back to Ethereum and migrate to MANTRA Chain by Jan 15th
ERC20 OM on BSC Bridge back to Ethereum and migrate to MANTRA Chain by Jan 15th
ERC20 OM on Base Bridge back to Ethereum and migrate to MANTRA Chain by Jan 15th

Feel free to post your questions below - our team will work through your cases and provide help in a timely manner.

We are working around the clock to make this chain upgrade as smooth as possible for all ecosystem participants - and this includes you as well!

3 Likes
2

Hi :waving_hand:

When the new MANTRA token goes live, will the chart history of OM (which currently shows a 90%+ drop) remain the same, or will it start fresh as a new listing on CoinMarketCap and exchanges?

Since the price already dropped more than 90% from previous highs, I hope this new structure helps bring long-term value — not just a cosmetic change.

Thanks for the transparency and great work — really looking forward to what’s next for MANTRA :rocket:

3

This is outright dilution.

If you only split already-issued tokens and keep the hard cap fixed, that is not dilution—but this structure bundles issued and unissued tokens together to increase the total supply.

In stock-market terms, it’s the equivalent of splitting 1B issued shares into 4B and at the same time increasing the authorized share count to 10B. Presenting unissued tokens as if they already exist in order to expand supply is a deliberate deception; no regulated stock market allows a split to be combined with a hidden issuance like this.

If a company treated unissued shares as real and increased the share count in that way, the market response would be immediate price decline. This borders on criminal behavior. Claiming “crypto is different from stocks” doesn’t justify treating the hard cap as a simple arithmetic trick—this is a real, value-diluting action that harms existing holders.

4

Exciting update! Thanks for the clear roadmap, looking forward to the smooth transition to $MANTRA and continued ecosystem growth! :rocket: