Binance will rename and convert the MANTRA (OM) Token to MANTRA (MANTRA) at a rate of 1 OM = 4 MANTRA, convert it to MANTRA tickers, and implement a roadmap to desupport OM from February 14th to March 4th.
The changes include support for exchange, split pricing, and renaming; and OM will be successively removed from Margin, Buy & Sell Crypto , Binance Loans, Simple Earn, Spot/Convert/Gift Card, before the new MANTRA Spot Trading pair is introduced.
- Convert 1 OM to 4 MANTRA, then exchange your ticket for MANTRA.
- OM is being gradually removed from Margin, Spot, Convert, Gift Card, and related features.
- March 4th: New MANTRA spot opens; March 4th: OM withdrawal stops.
The roadmap for converting OM to MANTRA on Binance.
Binance supports exchange, split pricing, and renaming MANTRA (OM) to MANTRA (MANTRA), with an exchange rate of 1 OM = 4 MANTRA and the use of MANTRA tickers.
From February 14th to February 23rd, OM will be delisted from Cross/Isolated Margin, resulting in automatic repayment and asset conversion. During this period, changes related to Margin may directly impact the leveraged positions of users holding OM.
On February 20th, the Buy & Sell Crypto feature will remove OM. On February 23rd, Binance Loans will close its OM lending operations. Also on February 23rd, contracts related to OM will stop opening new positions and will automatically settle.
Delisting OM and opening trading of MANTRA.
On March 2nd, OM will be completely Delisting from spot, Convert, Gift Card, and other scenarios; on March 4th, a new pair of MANTRA spots will be launched and OM withdrawals will cease.
Starting February 27th, Simple Earn will redeem OM products; after March 4th, these products will be repurchased using MANTRA. This chain of events shows Binance shifting its focus from OM to MANTRA on a fixed schedule, culminating in the rollout of Spot Trading and the suspension of OM withdrawals.
Users should note: OM was removed from several services at various points (February 14–23: Margin trading, February 20: Buy & Sell Crypto trading, February 23: Loans and contracts, March 2: Spot trading/Converting/Gift Card trading), before the trading ecosystem resumed with the MANTRA ticker from March 4.
