MANTRA Chain coin upgrade passes proposal #29. The network upgrade will allow for the changeover of the native token from OM ($OM) to MANTRA ($MANTRA) when the v7.0.0 software upgrade becomes active at block height 13,000,000, which is expected to occur on March 3, 2026.
What the MANTRA Chain Coin Upgrade Entails
There are two primary implementations that will take place as part of the upgrade that were approved in Proposals #17 and #26:
- First, tokens that were previously denominated as OM will now be denominated as MANTRA, which will provide consistency as the token symbol for the chain will be the same as the name associated with the project.
- Secondly, there will be a 1:4 split of tokens that will automatically multiply the number of tokens held by every holder by four and keep the proportional value of all of the tokens. This will be done in a manner similar to the way in which SUI, ONDO and ARB have executed these types of token splits in the past.
In addition, tokens that exist outside of the protocol layer will have a hard cap of 10 billion tokens in total.
Holders of tokens on the MANTRA chain do not need to take any action to migrate. The tokens will automatically update in their wallets. However, holders of OM on Ethereum, BNB Chain, or other Ethereum Virtual Machine (EVM) chains should have migrated their tokens before January 15 deadline to avoid stranded tokens.
Why This Is Important for the Ecosystem
The MANTRA Chain coin upgrade finished the brand harmonization that resulted from the deprecation of the ERC-20 OM coin in January by providing all the elements of MANTRA Chain, MANTRA Finance, MANTRA Zone, and mantraUSD with a single brand identity which is unified globally.
Moreover, with a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), MANTRA now has a compliance-ready layer-1 (L1) for the tokenization of Real World Assets (RWA).
MANTRA Price Overview
Although the token has been performing relatively well in a 3 week ascending triangle and over 20% surge, with higher lows, it is now trading at USD 0.066, 4.6% drop in the last 24 hours. Investors/traders expect a subtle rally after the rebranding and upcoming split. But the token is also subjected to current volatility conditions in the crypto market amid increasing conflict in the Middle East.
