Duke

🕉️

[Duke @hsustfw]

@katekimmyy Don't challenge me 😬

[Duke @hsustfw]

@katekimmyy Welcome back to the land of the living!

[MANTRA | The EVM L1 for RWAs @MANTRA_Chain]

Institutional RWAs. Commodity RWAs. Real Estate RWAs.

Coming soon on MANTRA.

[JP Mullin (🕉, 🏘️) @jp_mullin888]

Dear OKX,

I have received your letter on December 10th, 2025. For transparency for our community, I am sharing the contents of the letter in my response. Let me state that we are sincere in supporting the migration, and the answers to your questions in paragraph 4 are as follows:

After the ERC20 OM token deprecation event, which will occur on January 15th, 2026, we plan to facilitate the chain upgrade and 1:4 split sometime shortly thereafter. This could be as soon as the following week, but it may take longer depending on coordination with exchanges and other third parties.

With respect to the procedure, this will be a chain-level upgrade, which will pass through an onchain proposal roughly several days before the upgrade and split is to take place. I want to confirm that this is not a smart contract change. This is handled at the protocol level by the Bank module. The native gas token changes from uOM (6 decimals) to aMANTRA (18). The redenomination is applied at the upgrade block height by multiplying all balances and total supply by 4. This requires no user interaction, and exchanges will just need to ensure the OM market is closed and a new MANTRA coin market is open in conjunction with this process and their own procedures.

To clarify our request for more information, we understand that a significant number of tokens may be in the possession of OKX rather than held by users of the OKX platform. As part of our commitment to regulatory compliance, it is our longstanding policy to verify the background of any significant movements of OM tokens in which MANTRA is involved, including their provenance and the source of funds used to obtain them. This is different, for example, from small transfers of tokens by individual users of centralized exchanges.

For this reason, we reiterate our request for OKX to confirm (i) the number of OKX users’ $OM tokens to be migrated and (ii) the number of $OM tokens held by OKX on OKX’s balance sheet.

We are pleased to see that OKX states that it is reaching out in good faith to align our respective positions. We appreciate this effort, but we continue to believe that our discussions should be held in public for the benefit of our OM Token holder community.

All actions we take, or statements we make regarding OM tokens will be taken or made with the best interests of the OM token holder community in mind and in compliance with applicable law, rules, and regulations solely. Protecting our community will always be our absolute highest priority.

[JP Mullin (🕉, 🏘️) @jp_mullin888]

Dear OKX,

While I appreciate you responding to us for the first time since April, I believe, for transparency and the benefit of the broader MANTRA community, it’s best to continue this conversation in a public forum.

MANTRA is planning to support OKX in the migration of users’ assets. We will always support the MANTRA community & OM token holders.

In order to support the migration, could you please confirm the number of OKX users’ OM tokens you plan to migrate on December 22?

Additionally, can you confirm the number of OM tokens held by OKX on your balance sheet?

As per guidance from external counsel, we have been advised that OM tokens believed to be in possession of OKX are subject to ongoing litigation proceedings alleging potential misconduct, and we should refrain from participating in any transactions with those tokens.

We remain open to ongoing dialogue as long as it’s done transparently, so the MANTRA and OM token holder community are kept fully aware.

🫡🕉️

[JP Mullin (🕉, 🏘️) @jp_mullin888]

On December 5, 2025, OKX published a statement entitled “OKX to support OM crypto migration”. This statement contained multiple factual errors and misrepresentations not present in official MANTRA governance proposals. We are incredibly concerned by this development, which shows incompetence at best, or outright malicious intent at worst. I will be responding point by point to the discrepancies to protect our community from misinformation.

TECHNICALLY IMPOSSIBLE TIMELINE
OKX Claims: Migration occurs December 22-25, 2025

Official Facts:
- MANTRA Governance Proposal 26 explicitly states migration happens "after the ERC20 OM token has been fully deprecated"
- ERC-20 deprecation deadline is January 15, 2026
- Therefore, migration CANNOT occur before January 15, 2026

ARBITRARY DATES
OKX Lists: Numerous specific and arbitrary dates throughout December 2025

Official Facts:
- Proposal 26 states: "The final launch date is conditional on successful completion of further technical review."
- NO official implementation date has been announced

REVERSED SEQUENCE
OKX Sequence: Token split first, then other actions

Official Sequence:
- First: Complete ERC-20 deprecation (by January 15, 2026)
- Then: Implement token split and ticker change (date TBA)

This publication of demonstrably false information raises serious concerns for me, the MANTRA team, and the community.

Best Case: Gross negligence in verifying information before publication
Worst Case: Willful dissemination of misinformation
Either Scenario: Unacceptable for a major exchange handling user assets
RECOMMENDED USER ACTIONS

Given OKX's demonstrated unreliability in communicating accurate information regarding MANTRA, we recommend:

- Immediate Action: Users should consider withdrawing their OM tokens from OKX
- Migrate Independently: Bridge tokens directly through official MANTRA channels
- Avoid OKX Exchange Dependency: Complete migration without relying on potentially negligent or malicious intermediaries; Users maintaining custody of their own assets ensures access to all future updates with exchange misinformation
- Stay Informed: Follow only official MANTRA communications for accurate timelines

CONCLUSION
OKX's communication contains fundamental factual errors that could mislead users into taking premature or unnecessary actions. Whether through negligence or intent, their publication of false information necessitates users taking protective action by maintaining direct custody of their assets during this critical migration period.

OKX's unilateral creation of specific dates without consultation with MANTRA has caused unnecessary market confusion. OKX has not communicated with MANTRA since the events of April 13th. This breakdown in exchange-project communication damages investor confidence and market stability.

We note that MANTRA has been actively and helpfully communicating and coordinating with all other major exchanges regarding our migration. Only OKX has unilaterally made statements regarding these events without MANTRA input. Despite this, MANTRA’s policy is to actively cooperate with ALL exchanges on migration or any other important issues affecting our community. We will continue to support the migration efforts of all retail holders of $OM, and urge users to withdraw their OM assets from OKX immediately and migrate ASAP.

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[Duke @hsustfw]

@jp_mullin888 I am excited to announce that I won't be leaving MANTRA and will continue to follow and hodl MANTRA… can’t believe… since 5 years now 😬 @jp_mullin888

[Duke @hsustfw]

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[Duke @hsustfw]

@Profoneur Sometimes, however, you should take a step back, gather your strength, and focus so that you can ultimately continue to go full throttle with significantly increased energy!

Both! @Profoneur @jp_mullin888

[Omie ||RWA Hunter|| @VikramsinghKal8]

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[Duke @hsustfw]

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[Kakashisensei @Kakashisensi01]

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[Duke @hsustfw]

@LotusDex Congratulation... but JNF :) if it is not good it is not the end... :)

[Duke @hsustfw]

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[Duke @hsustfw]

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[Duke @hsustfw]

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[Duke @hsustfw]

@andres_dft @NEWCRYPS @LotusDex @MANTRA_Chain I am excited!