Mantra Chain ($OM) token airdrop guide

Mantra Chain ($OM) is a decentralized finance (DeFi) project that aims to tokenize real-world assets on Cosmos using a Layer 1 AppChain. Mantra have allocated 50 million $OM tokens for airdrops to the community. Airdropped tokens will be allocated to ATOM stakers and certain NFT holders. Moreover, they will be doubling their token supply for the new mainnet launch, and participants of the Hongbai Incentivized Testnet in April 2024 and potentially some others will be qualified for the $OM airdrop. Here’s our guide to the Mantra Chain ($OM) token airdrop.

Check out our step-by-step guide

Mantra ($OM) Hongbai Incentivized Testnet is LIVE!! (URGENT)

What is Mantra Chain?

Mantra Chain actively evolves in response to global blockchain regulations, making it the first Cosmos chain designed for this purpose. Leveraging the capabilities of the Cosmos SDK and Tendermint, Mantra Chain provides a secure and transparent environment for the development of regulated digital assets and applications. It aims to shape the future of decentralized finance (DeFi) and the broader blockchain ecosystem by prioritizing security, compliance, and the inclusion of both institutional and retail users.

Mantra has recently raised US$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, Caladan and others.

Check out our interview with Mantra Chain CEO JP Mullin.

How to get the Mantra Chain ($OM) token airdrop?

Here’s how to get the Mantra Chain ($OM) token airdrop

  1. Sign up for the Hongbei Incentivized Testnet

    The Hongbei Incentivized Testnet will go live soon. Sign up for the waitlist HERE.

  2. Stay tuned for updates

    Follow Mantra on Twitter to stay updated on their latest news on the incentivized testnet will go live.

  3. Stake $ATOM

    JP Mullin mentioned after our interview that $ATOM stakers could potentially qualify for the $OM token airdrop. However, note that the the official eligibility criteria has not been officially announced yet. To stake $ATOM tokens with a Keplr wallet, go to the Keplr Dashboard. There, you can stake your $ATOM on the Cosmos Hub.

  4. Hold specific NFTS

    JP Mullin also revealed that holding certain NFTs such as Bad Kids and Pudgy Penguins may also potentially qualify you for the $OM token airdrop.

  5. Participate in $OM staking pools on MantraDAO and Mantra Finance

    Stake $OM tokens in the staking pools on MantraDAO and Mantra Finance to increase your chances of qualifying for the airdrop. There is currently a 1.35x multiplier for $OM stakers on these platforms. Note however that $OM staking on MantraDAO will be discontinued by 31st March 2024.

  6. Complete Galxe quests

    Connect your wallet to the Mantra Chain Galxe Page. Complete the social tasks and quiz. Here are the answers to the Mantra Chain Glaxe Quiz 1: C (Cosmos), A (Real estate), D (Financing terrorism).

$OM token staking reward mechanism
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Angela loves cryptocurrency, technology that improves our lives...and food. Anything that merges these worlds together is even better.