Mantra announced an OM token buyback, along with an upcoming EVM network in September

來源 Cryptopolitan

Mantra Chain announced ambitious plans to make a comeback, starting with a $25M OM token buyback. The network also plans an EVM network, as well as RWA tokenization plans. 

Mantra Chain aims to make a comeback, rebuilding its reputation following the crash in April. As Cryptopolitan reported, OM lost most of its value following erratic, low-liquidity trading on centralized exchanges. 

One of the first tasks for Mantra’s comeback is an OM token buyback program, setting aside $25M for acquisitions. 

In total, the buybacks will include $25M from the Mantra team, as well as $20M commitment from Inveniam, expanding the entire injection into OM to $45M. Inveniam’s commitment is financial, in addition to picking a validator role to secure the Mantra network. 

The buybacks will be fully transparent and happening on-chain, with the goal of boosting the confidence of the Mantra community. 

OM remains volatile, still trading around $0.23, with 2.4% daily gains. Previously, OM was one of the top RWA tokens, driving the entire narrative. The project is still carrying the effect of skepticism, blaming the team for a rug pull or deliberate selling. 

Mantra Chain tries to make a comeback with OM token buybacks, stablecoin, and RWA tokenization plans
OM recovered slightly, though the token is still depressed after April’s crash, down over 78% net for the past year. | Source: Coingecko

However, just four months after the crash, the Mantra team is showing its dedication with multiple upgrades and a future roadmap.

Mantra to sunset ERC-20 OM tokens

Mantra aims to position itself with a new chain, starting the process of swapping and sunsetting the ERC-20 version of OM tokens. 

All OM tokens must migrate to Mantra Chain, the new EVM-compatible network, by January 16, 2026. To raise the incentives for validators, OM inflation was raised to 8%, where it will remain for a while before a new vote brings inflation back down. 

Mantra Chain itself will launch as an EVM-compatible network, which is expected to launch around mid-September. Following the EVM launch, Mantra will become compatible with the Ethereum DeFi ecosystem, finally building a use case. Mantra will also be available for tokenization and native versions of other Ethereum apps. 

The goal of Mantra is to grow its ecosystem with real use cases, while offering familiar infrastructure to developers. Currently, the Mantra infrastructure carries under $500K in value locked, with minimal DeFi app activity. The crash of OM meant Mantra skipped the last few months of DeFi growth. 

Mantra to launch a yield-bearing stablecoin

Mantra aims to build liquidity with a native stablecoin. Currently, the platform has under $400K in stablecoin liquidity. 

The network will introduce a yield-bearing stablecoin to share network earnings with all participants. Currently, Mantra counts 35.6K token holders through Mantra DAO, which has also lost its appeal and liquidity. The DAO treasury shrank to just 14.1K, awaiting the project’s revival. 

Mantra’s main goal is to invite RWA tokenization on its network. Currently, Ethereum and Solana remain the leading tokenization platforms for money markets. Mantra will be a niche network, arriving late with a new L1 chain in an even more competitive environment. Despite this, Mantra has positioned its chain as potentially compliant with financial requirements and compatible with the launch of traditional financial products on-chain. 

If you're reading this, you’re already ahead. Stay there with our newsletter.

免責聲明:僅供參考。 過去的表現並不預示未來的結果。
placeholder
【今日市場前瞻】輝達財報來襲!美元指數反彈輝達財報來襲,AI股迎考驗;美元指數反彈,黃金價格受壓;以太幣反彈,多頭瞄準5000美元>>
作者  Alison Ho
11 小時前
輝達財報來襲,AI股迎考驗;美元指數反彈,黃金價格受壓;以太幣反彈,多頭瞄準5000美元>>
placeholder
漢翔領軍無人機國家隊,三大動能推升亮燈漲停!現在還能進場嗎?​投資慧眼Insights-今(27)日,軍工股行情噴發,漢翔早盤強勢漲停,明顯領漲軍工航太族群。
作者  投資指南針
12 小時前
​投資慧眼Insights-今(27)日,軍工股行情噴發,漢翔早盤強勢漲停,明顯領漲軍工航太族群。
placeholder
【台股短線策略】CPO族群點火AI光纖!沛亨(6291)大漲逾6%,或迎關鍵突破市場高度關注輝達週三盤後發布財報,資金日內積極卡位矽光子 (CPO) 族群。與此同時,AI光纖概念亦被帶飛,沛亨(6291)今日盤中強勢上攻,股價一度衝上162元,收盤大漲逾6%。
作者  Insights
12 小時前
市場高度關注輝達週三盤後發布財報,資金日內積極卡位矽光子 (CPO) 族群。與此同時,AI光纖概念亦被帶飛,沛亨(6291)今日盤中強勢上攻,股價一度衝上162元,收盤大漲逾6%。
placeholder
台股創收盤歷史新高!輝達財報前3連漲,即將衝高回落?市場已提前定價輝達財報超預期的可能性,任何不及預期將帶來科技股的大幅回檔。
作者  Tony Chou
12 小時前
市場已提前定價輝達財報超預期的可能性,任何不及預期將帶來科技股的大幅回檔。
placeholder
蘋果iPhone 17發表會來襲!有何看點?股價會上漲嗎?美銀警告短期蘋果股價下跌風險,高盛看好其中長期助力公司業績上漲。
作者  Alison Ho
13 小時前
美銀警告短期蘋果股價下跌風險,高盛看好其中長期助力公司業績上漲。
goTop
quote