A Layer 1 AppChain will be used by Mantra Chain ($OM), a decentralized finance (DeFi) project, to tokenize real-world assets on Cosmos. 50 million $OM tokens have been allotted by Mantra for community airdrops.
Certain NFT holders and ATOM stakers will receive airdropped tokens. In addition, with the new mainnet launch, they want to double the amount of tokens they issue.
Additionally, those who participated in the April 2024 Hongbai Incentivized Testnet, as well as possibly some others, will be eligible for the $OM airdrop.
Table of Contents
Read More: Guide to Manta Network Airdrop: Qualification and How to Claim?
What is a Mantra Chain?
Mantra Chain is the first Cosmos chain created with this goal; it actively changes in reaction to global blockchain rules.
Mantra Chain offers a transparent and safe environment for the creation of regulated digital assets and apps by utilizing the capabilities of Tendermint and the Cosmos SDK. By putting security, compliance, and the involvement of institutional and retail users first, it seeks to affect the direction of decentralized finance (DeFi) and the larger blockchain ecosystem.
Shorooq Partners, a well-known venture and technology investment firm in the MENA area, led Mantra’s recent US$11 million fundraising campaign. In addition, there are other investors including BlackPine, Mapleblock, Fuse Capital, 280 Capital, Caladan, Three Point Capital, Virtuzone, Hex Trust, GameFi Ventures, and others.
How to obtain the Mantra Chain ($OM) token airdrop is provided here.
- Sign up for the Hongbei Incentivized Testnet
The launch of the Hongbei Incentivized Testnet is soon. Click HERE to register for the waitlist1. - Stay tuned for updates
Stay up to date with Mantra’s newest news on the live launch of the incentive testnet by following them on Twitter. - Stake $ATOM
Following our interview, JP Mullin indicated that $ATOM stakers might be eligible for the $OM token airdrop. But take notice that the official eligibility requirements have not yet been made public. To use a Keplr wallet to stake $ATOM tokens, navigate to the Keplr3. Dashboard. On the Cosmos Hub, you are able to stake your $ATOM there. - Hold specific NFTS
According to JP Mullin, you might be able to get the $OM token airdrop if you own specific NFTs, such as Pudgy Penguins and Bad Kids. - Participate in $OM staking pools on MantraDAO and Mantra Finance
Use the staking pools on 5. 5. MantraDAO and 5. 5. Mantra to stake $OM tokens to improve your chances of being eligible for the airdrop, use 5. 5. Finance. Stakers of $OM are currently eligible for a 1.35x multiplier on these sites. However, take note that on March 31, 2024, $OM staking on MantraDAO will end. - Complete Galxe quests
Make sure your wallet is connected to the Mantra Chain Galxe Page. Finish the quiz and social tasks. The solutions to the first Mantra Chain Glaxe quiz are as follows: C (Cosmos), A (Real estate), D (Financing terrorism).
New $OM Staking Mechanism
| Staking Pools | Network | Platfrom | Eligibility |
| OM on ETH | ETH | https://app.mantra.finance/staking | Till Mainnet |
| OM on BSC | BSC | https://app.mantra.finance/staking | Till Mainnet |
| OM in PLOY | POLY | https://app.mantra.finance/staking | Till Mainnet |
| OM on ETH | ETH | https://app.mantradao.com/staking | March 31st, 2024 |
| OM on BSC | BSC | https://app.mantradao.com/staking | March 31st, 2024 |
| OM on POLY | POLY | https://app.mantradao.com/staking | March 31st, 2024 |
| OM/ETH LP | ETH | https://app.mantradao.com/staking | March 31st, 2024 |
| OM/BNB LP | BSC | https://app.mantradao.com/staking | March 31st, 2024 |
| OM/WETH LP | POLY | https://app.mantradao.com/staking | March 31st, 2024 |
Complete tasks on the Mantra Chain Galxe Page, staking $ATOM tokens, holding specific NFTs, participating in $OM staking pools on MantraDAO and Mantra Finance, and signing up for the Hongbei Incentivized Testnet are all required to be eligible for the Mantra Chain ($OM) token airdrop. To be eligible to get $OM tokens, keep yourself updated on the requirements and deadlines.
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