MANTRA (OM)

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Tokenomics & Utility

From ERC‑20 to Native Staking Coin

Originally, OM had a hard cap of 888,888,888 tokens on Ethereum. With MANTRA Chain’s launch, the community approved a tokenomics redesign to make OM the native staking coin of the layer‑1. At genesis, the chain minted 1,777,777,776 mainnet OM (1:1 to mirror the legacy supply plus a new tranche for the chain’s needs). Over time, legacy ERC‑20 OM is expected to be deprecated as users bridge to native OM. (docs.mantrachain.technology)

Inflation and Staking

To sustain validator incentives, MANTRA shifted from a capped to an inflationary model. Following community feedback, the network adopted a fixed 3% inflation for the first year, with 60% of issuance directed to staking rewards and 40% to the MANTRA Chain Association for ecosystem initiatives; the rate is reviewable by governance. Stakers delegate OM to validators to help secure the chain and earn protocol rewards. (docs.mantrachain.technology)

Distribution Approach

The mainnet supply includes distinct buckets:

• 67.5% “OM Upgrade,” which combines a 50% mirror of the legacy ERC‑20 supply (held in a canonical bridge) and 17.5% incentives for users who staked legacy OM before mainnet to upgrade.
• 12.8% for the MANTRA Chain Association (covering pre‑seed, seed, and ecosystem allocations).
• 2.8% for airdrops to bootstrap users, stakers, and builders across key communities.
  Vesting schedules include long cliffs and linear unlocks, and later governance votes extended vesting and reduced inflation. (docs.mantrachain.technology)

What OM Does

• Secures the network through staking and slashing‑based incentives.
• Pays gas fees for transactions and smart‑contract execution.
• Grants governance rights for protocol proposals and parameter changes.
• Acts as the settlement medium within the chain’s DEX and other on‑chain modules. (docs.mantrachain.io)