In a major milestone for its ecosystem, MANTRA has successfully completed the massive migration of 500 million OM tokens from the Binance-hosted ERC20 network to its own Native MANTRA Chain. This transfer, representing a dominant 56% of the total OM token supply of ERC20, marks one of the most significant token migrations in the RWA-focused blockchain space and signals a major step towards full network independence and enhanced RWA utility.
The successful migration of this large-scale move underscores strong community and validator support. It fundamentally migrates OM from being a standard Ethereum-based token to becoming the native gas and staking asset of a specialized blockchain built for Real World Assets (RWA).
This migration is far more than a technical token swap; it is a strategic upgrade that unlocks new capabilities and value for the entire MANTRA ecosystem.
- Enhanced Token Utility: As the native token of MANTRA Chain, OM’s role expands beyond governance to include paying for transaction fees (gas), securing the network through staking, and serving as the primary economic engine for all applications built on the chain.
- Independence and Speed: Moving away from the congested Ethereum ecosystem allows for faster, cheaper transactions and gives the MANTRA community full control over the network’s future development and upgrades.
- A Foundation for RWA Growth: MANTRA Chain is specifically optimized for the compliance and security requirements of Real World Assets. This migration directly positions OM as the native currency for the next generation of tokenized finance.
Roadmap of MANTRA ecosystem for RWA Development.
With the core token supply now securely on its native chain, the focus shift to building and expanding. Key upcoming developments include:
- Accelerated dApp Development: Developers can now build with the certainty that OM is the chain’s native asset, leading to a wave of new decentralized applications for RWA tokenization, DeFi, and more.
- Strengthened Security: With OM staking directly on MANTRA Chain, the network’s security and decentralization will increase significantly.
- Increased Liquidity and Listings: This successful migration is a key requirement for OM to be listed on other major exchanges as the native MANTRA Chain asset, broadening its accessibility.
The migration of 500 million OM tokens to MANTRA Chain is a decisive break from the past and a powerful commitment to a specialized future. For OM holders, developers, and the broader crypto community, this migration solidifies MANTRA’s position as a pioneering force in bringing real-world assets on chain.
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