Mantra to rebrand native $OM to $MANTRA in push for global expansion

While cryptocurrencies painted their price charts red, the Mantra community is voting on a strategic proposal that aims to supercharge the brand’s global expansion.

The proposal, released today (October 30), highlights the platform’s plan to retire the ERC20 version of $0M and consolidate the token onto the native Mantra Chain.

The change is slated for mid-January 2026 after ERC20 $OM deprecation.

Meanwhile, the team emphasized that the rebrand aims to strengthen brand identity and streamline tokenomics to fuel blockchain’s growth, stating:

We believe MANTRA is our strongest brand, and we want to double down on this strength.

From $OM to $MANTRA

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The proposal focused on two crucial changes.

First and foremost, replacing the $OM ticker with $MANTRA to ensure consistency among all products within the Mantra ecosystem.

Secondly, the team proposed a 1:4 token split to increase the token supply by roughly 300% from 2.5 billion to 10 billion.

Most importantly, this will occur without tampering with the current holders’ ownership proportion.

The redenomination will make the native token more aligned to adoption and future growth, matching market demand with supply metrics.

The primary goal is to ensure every product (from mantraUSD and Mantra Finance to Mantra Zone and Mantra Chain) falls under one identity as the project pushes its presence internationally.

According to the team, this proposal forms the groundwork for the next steps after ERC20 OM deprecation.

The remarks signal a new era of a more integrated ecosystem.

The transition guidelines

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The project revealed preliminary guidance for investors to ensure a frictionless transition.

For most $OM holders, no immediate action is required.

On the other hand, coins staked on the chain and stored on compatible exchanges will migrate to the new system.

Meanwhile, those with $OM tokens on different platforms or liquidity pools should act before January 15.

The announcement confirmed that Mantra will release more details about its overhaul over time as technical preparations continue.

$OM price outlook

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Mantra’s native token traded in the red after losing nearly 8% the past 24 hours.

It is hovering at $0.1027, with an over 45% surge in daily trading volume signaling increased trader activity.

OM has lost roughly 15% of its value over the previous week as broader bearishness outweighed positive developments such as Hyperlane integration.

Technical indicators suggest seller control.

$OM is trading below 50- and 100- Exponential Moving Averages on the 4-hour timeframe, signaling substantial downward momentum.

Also, the 4H Moving Average Convergence Divergence displayed bearish sentiments with red histograms.

Nonetheless, the Relative Strength Index signals imminent oversold conditions, hinting at possible short-term rebounds.