The MANTRA chain proposes to fully migrate OM to the native chain, setting a cap of 2.5 billion.

On August 20, it was reported that the MANTRA chain is voting to decide whether to fully migrate the ERC20 OM to its native chain. The proposal, OM Homecoming, plans to completely phase out the ERC20 OM on Ethereum by January 15, 2026, and establish the MANTRA chain as the sole native foundation for OM. The proposal also suggests adjusting the inflation rate to 8%, targeting an annual staking return rate of approximately 18%, and setting a hard supply cap of 2.5 billion OM for the first time. Currently, about 250 million OM (28% of the ERC20 supply) have been migrated to the MANTRA chain.

OM-0.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Related Topics
#
ETH
Comment
0/400
Cornucopiavip
· 08-20 15:16
Setting 2.5 billion means that several hundred million tokens need to be issued. What kind of operation is this?
View OriginalReply0
GateUser-392f2a07vip
· 08-20 14:27
Do I need to do anything for my OM on Gate? Will Gate automatically support us too?
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)