As mentioned in a recent Community Connect by our CEO JP Mullin, we are planning to initiate the next steps in line with our strategy to consolidate the $OM token around our native ecosystem and the MANTRA brand. Before we launch a proposal for voting, we want to share our plan with the community, and seek valuable input and feedback. The plan is to engage in an active community discussion so that we can include your feedback and suggestions.
We invite all Sherpas to participate and share their thoughts - as we believe these next steps affect us all equally.
Disclaimer: Please note that the following text is a draft proposal subject to change based on community inputs as well as further thorough technical analysis happening simultaneously.
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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. 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:
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Change the ticker from $OM to $MANTRA
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Implement a 1:4 token split, which proportionally adjusts the hard capped max supply from 2.5B to 10B
Reasons for this Proposal:
- Change the ticker from $OM to $MANTRA
With OM on its way home to MANTRA Chain, we’re ready for the next phase: complete brand harmonization. By updating our ticker to align with our ecosystem name as $MANTRA, we create instant global recognition where our coin, chain, and entire suite of products speak with one unified voice. This change creates clarity as we grow. By ensuring our ticker matches our brand we further strengthen our identity as we continue to build the future of RWA infrastructure.
This upgrade will mark the final step in our evolution, with a complete product suite ranging from MANTRA Chain to MANTRA Finance, MANTRA Zone, mantraUSD, and now $MANTRA.
- Complete a 1:4 token split corresponding with the max supply from 2.5B to 10B
In an effort to streamline our tokenomics, we propose to increase the max supply from 2.5B (as per the latest proposal) to 10B, in combination with a 1:4 ratio token split. This allows existing as well as new sherpas, investors, and institutions to more easily understand key metrics such as the FDV and their individual positions. It will also align $MANTRA’s tokenomics with prominent projects such as $SUI, $ONDO, $ARB, $ALGO, $SEI, $XPL - who have set an industry standard with a 10B max supply. Upon approval, this new max supply will be codified into the protocol layer itself, meaning that it will be final, and will reflect as such on data aggregator platforms such as Coingecko and CoinMarketCap. Most importantly, by combining this increase in max supply with the proposed token split, all important token metrics remain the same. It is important to note that this 1:4 token split represents ZERO DILUTION of the token supply.
What is a token split? A token split is the direct equivalent of a stock split in traditional equity markets. The total supply of tokens is increased by a specific ratio, while the price per token is simultaneously decreased by the same ratio.
The key principle is that the total market value (market capitalization) of any holder’s stake remains unchanged immediately after the split. Below we have outlined the key metrics and how they would be affected by this proposal.
The effects of the token split for OM Holders:
The token split and ticker change are planned to be facilitated through a chain upgrade, with the primary goal of requiring minimal to no additional steps for most users. We understand that the deprecation of ERC20 OM already requires several steps from our Sherpa community, which is why we’re designing this proposal’s execution to be as frictionless as possible for current $OM holders.
Based on our current engineering approach, the chain upgrade would automatically update $OM balances in user wallets to new $MANTRA balances, creating a seamless transition for the majority of holders. While some edge cases (such as OM locked in smart contracts) may require user action, our engineering team continues their R&D efforts to minimize these scenarios.
The table below outlines our preliminary assessment of user actions that may be needed for different positions. As our engineering team continues their R&D, these requirements may be simplified further:
Note: If you still hold OM on Ethereum, Polygon or BNB, you need to bridge to MANTRA Chain before January 15th 2026 as outlined in the previous Proposal.
Additional Notes:
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The above table covers the most common positions where OM is currently held, representing the majority of circulating supply. However, this is not an exhaustive list, and there may be additional edge cases or positions we continue to identify.
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For futures positions on $OM markets, specific instructions will need to be provided by the respective exchanges where these positions are being traded.
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Should we uncover additional scenarios or receive specific community feedback, we will update this table and provide guidance for any newly identified positions.
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Our collective vision is what makes this ecosystem strong. Now, we turn to you to help refine this plan and ensure it reflects the will of the community. We’re listening, share your thoughts below and let’s shape the future of MANTRA together.
will it likely be a Kind of an airdrop or does $MANTRA just replace $OM?