The MANTRA Layer1 Blockchain, which focuses on RWA assets, has announced on the X platform a proposal to update the OM tokenomics. The voting process for this proposal on the Snapshot platform is currently underway, and the on-chain voting will be conducted next week.
While the proposal includes adjustments to the Token Issuance schedule, the allocation to individuals from various activities will remain unchanged. The details of the proposal include:
- Adjustment of the vesting schedule for the OM Upgrade Rewards: The cliff period will end on 18/3/2025, followed by a linear vesting period until 16/10/2028.
- Initial Airdrop allocation: 10% will be unlocked on 18/3/2025, followed by a 6-month cliff period until 18/9/2025. The remaining rewards will then begin linear vesting until 18/3/2027. Additionally, the proposal includes a second anti-sybil check for all wallets. After this, the vesting period for the Airdrop rewards will not be extended further.
- Extending the cliff and vesting periods for the team and core contributors: The cliff period will end on 23/4/2027, and the vesting period will continue until 22/10/2029.
- Cliff and vesting periods for Pre-Seed and Seed investors:
- Pre-Seed investors: Cliff ends on 23/10/2025, vesting ends on 23/10/2027.
- Seed investors: Cliff ends on 23/4/2025, vesting ends on 23/4/2026.
- No changes to the ecosystem allocation: The on-chain inflation rate will be reduced from 8% to 3% starting from 1/1/2025.
MANTRA is a Layer 1 project focused on the RWA sector, built on compatible technologies and controlled by all users, aiming to manage various real-world and tokenized assets. The project is focused on building safety through compliance with real-world regulations.
The project has been restructured and rebranded as OMniverse with the $OM Token. OMniverse consists of four main pillars (MANTRA Node, MANTRA Chain, MANTRA Finance, and MANTRA DAO) providing a diverse range of products and services for both institutional and individual investors.
