MANTRA to Rename OM Token and Execute 1:4 Split

According to a community proposal, MANTRA will rebrand its OM token to MANTRA, implement a four-for-one split, and adjust the capped supply without affecting holders’ immediate market value.

Summary

The MANTRA community has proposed renaming its OM token to MANTRA and conducting a 1:4 split, increasing the capped supply from 2.5 billion to 10 billion tokens. Each OM token would convert into four MANTRA tokens, with the change structured to maintain holders’ immediate market value. The initiative, part of a rebranding effort, aims to better align the token with the project’s name and improve liquidity while avoiding dilution.

Terms & Concepts
  • Token Split: A process where existing cryptocurrency tokens are divided into multiple new tokens, usually to adjust price per token or improve liquidity.
  • RWA (Real World Assets): A blockchain concept involving tokenization of physical or traditional financial assets, enabling on-chain representation and trading.