🚨 $OM Mantra : A Red Flag Project 🚨
Lies, delays, shady tokenomics, and now inflating supply by 2X! On top of that, team members are voting on proposals themselves since they hold most of the supply.
@binance Consider $OM In Monitoring Zone, delist $OM ..
🧵👇 Here
Fundamentals can be overlooked for a short period, but they are always inevitable in the long run. @QuaiNetwork is gonna create the difference for sure. And hats off to the legends @mechanikalk and @0xalank 🫡, for this revolution.
$Quai $Qi ⚡💵
Claims update🎯: Snapshot Taken for the 1st Distribution
Everyone who's successfully completed KYC verification by 4PM CST Jan 31, 2025 will recieve their rewards in 1st distribution on Feb 4th
You can still complete KYC to receive rewards in Wave 2 & wave 3
@QuaiNetwork ⚡💵
😶 Shameful Mismanagement: @MANTRA_Chain $OM Token Revised Plan Failed Its Community Trust & Interest
- Earlier, $OM token vesting was announced to begin on 28 Nov 2024. But on the promised day, no updates were provided. After several days, the team finally shared a vague statement, leaving the community confused saying delay in vesting schedule & reset of tokenomics as it will be decided through voting.
- Now, they've shared a new proposal & plan of Tokenomics & Vesting.
👉 Key points from their new proposal:
1️⃣ They admitted new vesting will start from Sep, 2025 to Mar, 2027 (2 years for a minimal airdrop 😶).
2️⃣ They promised no one will lose their $OM allocations, but now 2nd anti-sybil round to disqualify more wallets.
3️⃣ Distribution was initially planned within a month, but now there's a 6-month cliff after TGE + only 0.3% unlock per day.
‼️ #SCAM: Mantra’s team knows that any unfair proposal they bring will 100% get passed because they hold the majority of staked tokens and can vote unanimously in their favor. Our vote doesn't even matter @jp_mullin888 .
⚠️ Here’s where the issue arises:
- Users have been waiting for weeks for updates, and this lack of communication is disappointing.
- Who voted? The team? The whole community seems against you now, this makes it clear they were not given any voting rights & the team is making decisions showing fake voting.
- Users were forced to bridge $OM, spending at least $20 for this airdrop, which is now a total waste.
- The team capitalized on the community’s trust, using the hype they generated for selfish gains.
- The constant delays and changes in plans show a complete lack of professionalism and transparency.
The project is getting more centralized, which is against the core idea of decentralization that crypto projects should have.
After all the hype you gained from the community through Airdrop, @jp_mullin888, how can you do such a shameful thing?
And what’s this excuse—"my decision, my responsibility"? What a disgraceful statement!
Always remember: the community is the key, and a project belongs to the community.
💡 What we (community) need:
- 30% Unlock on TGE.
- The vesting plan should be revised.
- Give the community a right to vote, they are the heart of your project.
- Regular updates to the community.
- A guarantee of no more false promises.
Lastly, if the project doesn't respect the community, then they will dump the project too & eventually the project will be dead forever.
Kindly keep the community updated properly with transparency, they deserves the best.
#MantraUnfair #OM $OM
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Timeline
Start: 11.04.13:00 UTC
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