Key Takeaways

• MANTRA (OM), previously known as MANTRA DAO, is a project offering a suite of DeFi solutions.

• The platform offers features like staking, NFTs, and lending opportunities to generate passive income.

• The project aims to bridge traditional finance (TradFi) and DeFi by enabling compliant tokenization of real-world assets (RWAs).

What Is MANTRA (OM)?

MANTRA (OM), previously known as MANTRA DAO, is a vertically integrated blockchain ecosystem launched in 2020. The project positions itself as a DeFi project offering various financial services through its own blockchain.

How Does MANTRA (OM) Work?

The MANTRA (OM) token is the lifeblood of the MANTRA DAO ecosystem, a DeFi platform focused on staking, lending, and cross-chain capabilities. Here’s a breakdown of how it functions:

Governance

OM holders have voting rights within the MANTRA DAO. They can propose changes, participate in votes, and influence the development of various products across the OMniverse (Mantra’s interconnected ecosystem).

Staking

Like many DeFi platforms, OM can be staked to earn passive income. You can stake directly on the MANTRA web app or through centralized exchanges.

Access And Incentives

Staking OM grants special access to new DAO token issuances and airdrops from partner DAOs. This provides OM holders with the potential to earn additional rewards from emerging projects within the DeFi space.

Earning Interest

The OM token is involved in MANTRA’s money market protocol. By supplying crypto assets, users can earn interest on their holdings, and lenders can passively grow their wealth while providing borrowers with liquidity.

Karma Points

OM is connected to MANTRA’s unique Karma Protocol, a reputation system that rewards positive contributions to the ecosystem. Users with a higher Karma score can benefit from increased staking rewards, reduced fees, and better loan rates.

MANTRA (OM) Token And Tokenomics

Tokenomics

The OM token is MANTRA’s native cryptocurrency. It is used for:

• Governance

• Staking

• Karma Points

• Lending & Borrowing

• DAO Access & Airdrops

Token Details

Max Supply: ∞

Circulating Supply: 969,200,205 OM

Current Price: $0.7669

Market Capitalization: $723,319,154

This information is current as of April 14th, 2025, and the token’s price, market value, and available supply may fluctuate.

Distribution

• Public Distribution (8.5%)

• Private Distribution (9%)

• Team & Advisors (17.5%)

• Treasury & Ecosystem (35%)

Important Note: There is a recent proposal for a significant change. The MANTRA DAO is considering making OM the primary token for their new MANTRA Chain blockchain. This would involve creating new OM tokens (potentially doubling the total supply) to incentivize network participation.

Where Can I Buy MANTRA (OM)?

Binance – Binance is a major exchange offering a wide range of cryptocurrencies. It offers multiple ways to buy crypto, including credit cards, debit cards, and peer-to-peer (P2P) trading.

KuCoin – KuCoin is a smaller exchange known for its competitive fees and support for many cryptocurrencies.

BingX – This exchange offers OM and various features, including perpetual contracts and margin trading.

Is MANTRA (OM) A Good Investment?

Pros

• Passive Income – OM token holders can earn rewards by staking and supplying liquidity using Mantra DAO’s money market protocol. Some sources mention returns as high as 35%.

• Governance Rights – OM holders have voting rights within the MANTRA DAO ecosystem, which gives them control over the protocol’s development.

• Cross-Chain Lending – The protocol allows users to borrow and lend crypto assets across blockchains.

Cons

• Competition – The DeFi space is crowded, and MANTRA DAO faces competition from established protocols.

• Dependence On MANTRA DAO – The value of OM tokens is closely tied to the success of the MANTRA DAO platform. If the platform does not succeed, the value of OM could drop.

Mantra (OM) Token Price Collapses By Over 90% In 24 Hours

The Mantra (OM) token crashed over 90% on April 13th, 2025, wiping out billions in market capitalization within hours. The token’s price dropped from around $6.30 to below $0.50, wiping out more than $5.5 billion in market capitalization.

The Mantra team attributed the collapse to “reckless liquidations” on an undisclosed exchange, denying any involvement in dumping tokens. Co-founder John Mullin described it as a “massive forced liquidation,” with the team still investigating the exact cause.

Allegations of market manipulation and supply control by the team surfaced on social media, but no conclusive evidence has been confirmed.

Update (1):

MANTRA CEO JP Mullin addressed the recent sharp decline in the price of $OM during the BTCON RWA Summit held in South Korea. He confirmed that the incident did not result from a security breach or insider/investor sell-off. Instead, the sudden drop was attributed to the liquidation of major wallets that had used $OM as collateral.

Mullin assured attendees that a detailed post-mortem analysis is forthcoming and emphasized that no team members financially benefited from the event.

In response, the team has also canceled a planned side event at ETH Seoul to dedicate their full attention to resolving the matter.

Update (2):

Following a 92% crash in Mantra’s OM token, which wiped out over $5.5 billion in market value, CEO John Patrick Mullin announced plans to burn 300 million team-held tokens, starting with his personal 772,000 OM holdings.

The crash, attributed to forced liquidations on centralized exchanges, sparked investor concerns. In response, OM’s price has rebounded by 28%, as the team aims to restore community confidence through increased transparency and supply control.

Final Thoughts

Whether MANTRA (OM) is a good investment depends on your risk tolerance and goals. Remember, this guide only provides a starting point for your research. Always conduct your due diligence before making any investment decisions.