😶 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
The Gigagas Era is upon us ⛽️
Take part in our new quest and unlock the power of RISE Chain by claiming your very own participation NFT!
And look out for some extra rewards along the way...👀
GOMBLE is the blockchain gaming arm of a global force with 100M+ users across 230 games.
Ranked #3 worldwide for app downloads and #1 in Korea. That’s the legacy we carry.
And we're here to bring the next 2 billion casual gamers into Web3. 🫵🏽
24 hours in to the Daylight x @Base Onchain Summer NFT launch and over 24 thousand unique minters have claimed their OG pass. 🔆
If you haven’t already, you can mint yours here 👉 https://t.co/BZJq6T7fR8
The future of energy is based.
🔥 UAE Real Estate Giant #MAG Partners with #MANTRA to Tokenize $500 Million in Real Estate Assets
✅ MANTRA and MAG will collaborate to democratize access to luxury UAE real estate using secure, yield-bearing vault products backed by MANTRA’s L1 technology.
This collaboration unlocks unique investment opportunities in the thriving Middle Eastern market for tokenized real estate, further positioning MANTRA and MAG as key players within the region.
Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development, commented, "𝑊𝑜𝑟𝑘𝑖𝑛𝑔 𝑤𝑖𝑡ℎ 𝑀𝐴𝑁𝑇𝑅𝐴 𝑎𝑙𝑙𝑜𝑤𝑠 𝑢𝑠 𝑡𝑜 𝑙𝑒𝑣𝑒𝑟𝑎𝑔𝑒 𝑐𝑢𝑡𝑡𝑖𝑛𝑔-𝑒𝑑𝑔𝑒 𝑏𝑙𝑜𝑐𝑘𝑐ℎ𝑎𝑖𝑛 𝑡𝑒𝑐ℎ𝑛𝑜𝑙𝑜𝑔𝑦 𝑡𝑜 𝑒𝑛ℎ𝑎𝑛𝑐𝑒 𝑡ℎ𝑒 𝑣𝑎𝑙𝑢𝑒 𝑎𝑛𝑑 𝑎𝑐𝑐𝑒𝑠𝑠𝑖𝑏𝑖𝑙𝑖𝑡𝑦 𝑜𝑓 𝑜𝑢𝑟 𝑟𝑒𝑎𝑙 𝑒𝑠𝑡𝑎𝑡𝑒 𝑜𝑓𝑓𝑒𝑟𝑖𝑛𝑔𝑠. 𝑇ℎ𝑖𝑠 𝑠𝑡𝑟𝑎𝑡𝑒𝑔𝑖𝑐 𝑐𝑜𝑙𝑙𝑎𝑏𝑜𝑟𝑎𝑡𝑖𝑜𝑛 𝑖𝑠 𝑝𝑖𝑣𝑜𝑡𝑎𝑙 𝑎𝑛𝑑 𝑓𝑜𝑟𝑤𝑎𝑟𝑑-𝑓𝑎𝑐𝑖𝑛𝑔 𝑎𝑠 𝑤𝑒 𝑐𝑜𝑛𝑡𝑖𝑛𝑢𝑒 𝑡𝑜 𝑖𝑛𝑛𝑜𝑣𝑎𝑡𝑒 𝑎𝑛𝑑 𝑙𝑒𝑎𝑑 𝑖𝑛 𝑙𝑢𝑥𝑢𝑟𝑦 𝑟𝑒𝑎𝑙 𝑒𝑠𝑡𝑎𝑡𝑒 𝑑𝑒𝑣𝑒𝑙𝑜𝑝𝑚𝑒𝑛𝑡.”
📝 Read more: https://t.co/POc6IYU4bC
MANTRA - From Institutions to Individuals: Bringing Finance Onchain.
MANTRA is truly the #HomeForRWAs! $OM
.@MANTRA_Chain will tokenize real estate assets for Dubai-based developer @maggroupholding. Mantra will tokenize assets worth $500 million in several tranches, offering yields in the form of stablecoins and $OM.
https://t.co/TgqtP9HzXB
This year has been an absolute whirlwind, for both me and MANTRA. End of last year we were still struggling to raise $ and sitting outside the top 800 on CG. Today we’re on page 1.
Heres some reflections on how MANTRA & I have had to take things to another level📈
🧵 👇🏼
Watch the @CNNBusinessAr interview with #MANTRA CEO & Co-Founder @jp_mullin888 as he explains the underlying yield structure of the upcoming Keturah Vault
The vault features a dual-APY structure of fixed and variable yield, allowing investors to earn a base APY and an additional yield based on $OM price.
✅ The fixed interest is paid in stablecoin equivalents to US dollars, offering a guaranteed APY of 8% and an additional variable APY in $OM tokens.
Watch the full video: https://t.co/ek5mthrG4F
🕉️ #HomeForRWAs #RWA
🔥 The leaderboard for #MANTRA’s Hongbai Incentivized Testnet is officially LIVE!
Start completing onchain quests to climb higher on the leaderboard, maximizing your chances of receiving a share of the $OM 🪂.
👀 Follow our socials for further announcements as we delve deeper into the Hongbai Testnet. Visit here: https://t.co/9n7xNEP5tX
𝑀𝐴𝑁𝑇𝑅𝐴 - 𝐹𝑟𝑜𝑚 𝐼𝑛𝑠𝑡𝑖𝑡𝑢𝑡𝑖𝑜𝑛𝑠 𝑡𝑜 𝐼𝑛𝑑𝑖𝑣𝑖𝑑𝑢𝑎𝑙𝑠: 𝐵𝑟𝑖𝑛𝑔𝑖𝑛𝑔 𝐹𝑖𝑛𝑎𝑛𝑐𝑒 𝑂𝑛𝑐ℎ𝑎𝑖𝑛.
$OM #testnet #HomeForRWAs #RWAs
Hi Sending Fam📢,
There’s only one week left for the Loyalty Program. Over the past 7 weeks, we have seen an incredible increase in community participation and are thrilled to welcome more friends into our growing family.