MANTRA Chain
MANTRA Chain Documentation

MANTRA Token

MANTRA Token Background

Origins

MANTRA was launched in 2020, when OM's TGE occurred as an ERC-20 token on Ethereum in August of that year. Originally launched as a DeFi project, OM was MANTRA's dApp token with a hard cap supply of 888,888,888.

Evolution to an RWA Layer 1

The project has always had a focus on tokenization of assets and regulatory compliance. Through our experience working closely with regulators and financial institutions, it became clear that the market needed a purpose-built RWA L1.

September 2022 marked the next phase of MANTRA's evolution, where we began building MANTRA Chain and our longer-term vision of an onchain RWA ecosystem with users, dApps, TVL, and more. Originally MANTRA Chain would have had a separate token to OM. After community members reached out to the team expressing concern about OM losing value and mindshare, we explored merging OM and MANTRA Chain together.

Community-Led Unification

In February 2024, a community proposal to make OM the native L1 staking coin for MANTRA Chain passed unanimously, with 82.17% of ERC-20 OM holders and 49.17% of mainnet validators voting in favor.

MANTRA Chain mainnet launched on October 10, 2024, with OM as the native staking coin from genesis. ERC-20 OM holders were given an extended migration window to move their tokens to MANTRA Chain mainnet. The ERC-20 OM supply on Ethereum was officially deprecated on January 15, 2026, ending the migration window.

Token Split & Rebrand

On March 2, 2026, at block 13,000,000, the token underwent a non-dilutive 1:4 split and ticker change:

  • 1 OM became 4 $MANTRA
  • The ticker changed from $OM to $MANTRA
  • The maximum hard cap became 10,000,000,000 $MANTRA

The split was non-dilutive: it did not change the value of any holdings, only the unit denomination. Total supply expanded proportionally. No action was required from holders on MANTRA Chain — the split happened automatically at the block height.

Where We Are Today

MANTRA Chain mainnet has been live since October 10, 2024 (announced publicly on October 23, 2024). The chain is now fully EVM-compatible following the v5.0.0 Abunnati Upgrade, enabling Solidity smart contract deployment alongside the chain's native Cosmos SDK modules.

The ecosystem now spans:

  • MANTRA Chain — the L1, secured by $MANTRA staking
  • MANTRA Finance — a VARA-licensed Virtual Asset Service Provider in the UAE, the primary user-facing platform for RWA investment products
  • MANTRA Zone — the staking and ecosystem portal
  • mantraUSD — the ecosystem stablecoin, backed by US Treasury bills via the M^0 Protocol

$MANTRA functions as the native staking coin of the chain, securing the network through delegated proof-of-stake. MANTRA continues to build toward its mission of becoming the ledger of record for real-world assets — combining permissionless infrastructure with permissioned applications that meet real-world regulatory requirements.