OM

MANTRA

OM, Mantra’s native token, is in the middle of an unlikely rally, rising more than 45% in the last seven days. The market-defying rally comes amid potential delisting from the Hyperliquid exchange market, a consequence of the recent rebranding of the protocol, as it moves from an ERC-20-based token to an independent Layer 1 blockchain. Source: CoinMarketCap The token suffered a massive drop in April 2025 in a matter of minutes, eventually causing top exchanges like KuCoin to delist token pairs . However, the sudden increase suggests that investors are not moved by the turbulence and back the protocol’s position and regulatory compliance. When will Hyperliquid vote to delist Mantra’s OM token? Hyperliquid validators are scheduled to vote on the delisting of the OM token on February 23, 2026. The voting will make use of the platform’s new on-chain voting system , added earlier this year, allowing permissionless stake-based delisting decisions that kick in immediately when a quorum is reached. With the new voting system, once enough validators decide to remove an asset, the asset’s trading contracts are closed using the last average market price before it is removed. Once the token is removed, all active trades are automatically settled, and all open orders on the token are canceled. After the decision is finalized, traders will be given an hour to close their positions themselves or leave them to be closed automatically. The vote takes place just as Mantra is undergoing major changes in its ecosystem, which has caused other major exchanges like KuCoin to delist the OM token effective on February 20. Additionally, Digitalexchange.id also made similar moves in December 2025, informing users to close their positions by January 15. Why is Mantra rebranding? Mantra’s rebrand was inspired by its switch from a multi-chain DeFi platform to an independent Layer 1 blockchain dedicated to real-world asset tokenization. The project is switching from its Ethereum-based ERC-20 OM tokens to its native MANTRA token , introducing a 1:4 token split to ensure no one loses asset value on the transition. The move (initially set for January 19) was pushed back to March 2 for exchanges to complete their system integrations and allow the project to complete security checks on its smart contracts. This allows users who hold OM as an ERC-20 token to convert it using the Mantra bridge portal. On the other hand, users who already hold the OM token on the Mantra don’t need to bother, as the token will be automatically converted. OM rising despite delisting risks The price movement may be regarded as investors’ belief in Mantra’s future plans and regulatory compliance since securing its VASP license from Dubai’s VARA. Investors on that side of the aisle believe that Mantra’s key value outweighs the short-term risks from being removed from a couple of exchanges. For Hyperliquid, the validator vote is a test of how well decentralized governance actually works. The vote allows users who have a stake in the outcome to choose what works best for the system. Whatever is decided shows how well community-led platforms deal with controversial assets. Whichever way the result goes, Mantra’s strong surge while facing possible delisting suggests that certain investors have more faith in its long-term strategy than in the short-term exchange benefits. Sharpen your strategy with mentorship + daily ideas - 30 days free access to our trading program

The shares of the construction firm NCC Ltd. is under selling pressure following a regulatory action by the National Highways Authority of India (NHAI). Two-Year Debarment The NHAI issued a debarment against NCC and its subsidiary, O B Infrastructure (OBIL). The order, which became effective on February 17, prohibits both entities from bidding on the agency’s projects for a period of two years. “NHAI, vide its communication dated 17th February 2026, has issued an order of debarment to the Concessionaire i.e., O B Infrastructure Limited (OBIL) (step-down Subsidiary) and Promoter of the Concessionaire i.e., NCC Limited restraining them from participating in any tender/bid/RFP issued by NHAI, whether acting as Concessionaire, Contractor, EPC Contractor, O&M Contractor, O&M Agency, or Consortium Member, for a period of two (2) years with effect from 17th February 2026,” the NCC said in a regulatory filing, as reported by the Financial Express. The decision stems from a dispute over a project in the Orai-Bhognipur section of National Highway 25 in Uttar Pradesh which was executed by OBIL under a concession agreement signed on April 26, 2006. NCC said that the NHAI caused the delays in the project due to the agency’s failure to hand over the land on time and other breaches. The company said that OBIL initiated arbitration proceedings against the NHAI and received a favorable award in November 2024, but the agency is challenging the award before the Hon’ble High Court of Delhi. Investors’ Concerns NCC said that the debarment does not affect its existing projects or current order book, but The NHAI order is now impacting its stock price amid concerns that this will have an impact on the inflows of the company. NCC hit a low of ₹135, down by nearly 10% from the previous close of ₹149.76. The stock later regained some of the losses and is now changing hands for ₹148.34, down by 0.95%. The company is now raising issues with the debarment order.

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BitcoinWorld Binance MANTRA Token Swap: A Strategic Rebranding to Boost Ecosystem Growth In a significant move for the blockchain ecosystem, Binance, the world’s leading cryptocurrency exchange, has officially confirmed its support for the comprehensive token swap and rebranding of the MANTRA project. This pivotal announcement, made public on February 28, 2025, outlines a clear operational timeline for the transition from the OM token to the newly branded MANTRA token. Consequently, this strategic shift marks a crucial evolution for the project’s identity and market positioning within the competitive decentralized finance (DeFi) landscape. Understanding the Binance MANTRA Token Swap Process Binance will manage the entire technical migration for its users, ensuring a seamless transition. The exchange has scheduled the delisting of all existing OM trading pairs for 3:00 a.m. UTC on March 2, 2025. Following this, deposits and withdrawals of OM tokens will be suspended. Subsequently, the platform will execute the token swap at the specified ratio before listing the new trading pairs. The new MANTRA/USDT, MANTRA/USDC, and MANTRA/TRY spot trading pairs will officially open at 8:00 a.m. UTC on March 4, 2025. All user OM token balances on Binance will be automatically converted to MANTRA tokens at a precise ratio of 1 OM to 4 MANTRA. This redenomination and rebranding effort is not merely a cosmetic change. Instead, it represents a deeper strategic alignment for the MANTRA DAO. The project initially launched as MANTRA DAO with the OM token, focusing on staking and governance within a Polkadot-parachain ecosystem. Over time, its scope expanded beyond a single DAO structure to encompass a broader suite of real-world asset (RWA) infrastructure and compliance-focused products. Therefore, the rebrand to MANTRA (with the ticker MANTRA) consolidates its market identity and better reflects its current and future ambitions as a foundational blockchain protocol. The Strategic Rationale Behind Cryptocurrency Rebranding Token migrations and rebrands are complex but increasingly common events in the maturing blockchain industry. They often signal a project’s growth, a pivot in vision, or a technical upgrade. For instance, other major projects like Polygon (from MATIC to POL) and Fetch.ai (FET to ASI via a merger) have undertaken similar journeys to unify their ecosystems and enhance clarity for users and investors. The MANTRA transition follows this established pattern, aiming to reduce confusion between the project’s name and its original token ticker, OM. From a market mechanics perspective, the 1:4 conversion ratio constitutes a redenomination. This process increases the total token supply while proportionally reducing the nominal price per token. Importantly, it does not alter the overall market capitalization or a holder’s percentage of the total supply. Such a move can improve tokenomics by making individual units more accessible for micro-transactions and staking rewards, potentially encouraging broader participation. Experts in crypto-economics frequently note that well-executed redenominations can enhance liquidity and trading psychology, provided they are communicated transparently and supported by robust infrastructure like Binance’s. Expert Analysis on Exchange-Led Migrations The role of a major exchange like Binance in this process cannot be overstated. When an exchange of Binance’s scale manages a token swap, it significantly de-risks the event for the average holder. Binance’s automated system eliminates the need for users to manually interact with smart contracts, which can be a source of error and phishing attacks. Furthermore, the simultaneous delisting of old pairs and listing of new ones on a unified timeline prevents market fragmentation and arbitrage chaos. This centralized coordination by a trusted entity provides a layer of security and convenience that is critical for mainstream adoption. Historical data from previous Binance-supported swaps, such as those for VeChain (VET) and Ontology (ONT), shows a pattern of smooth transitions with minimal disruptive price volatility when managed effectively. Timeline and Direct Impact on Traders and Holders The defined timeline provides certainty for all market participants. Traders must be aware of the key deadlines to manage their positions effectively. Date & Time (UTC) Event Action Required by User Mar 2, 3:00 a.m. Delisting of OM trading pairs (OM/USDT, etc.). All open spot orders for OM will be automatically removed. Before Mar 2, 3:00 a.m. Deposits of OM tokens suspended. Users must complete OM deposits well in advance. Mar 2 – Mar 4 Token swap and redenomination period. No action needed for Binance users. Balances are automatically converted. Mar 4, 8:00 a.m. New MANTRA trading pairs open. Users can trade MANTRA/USDT, MANTRA/USDC, MANTRA/TRY. For holders on the Binance exchange, the process is entirely passive. Their OM balance will be replaced with the correct quantity of MANTRA tokens before trading commences. However, holders using self-custody wallets (like MetaMask) or other supporting exchanges must follow the official MANTRA migration instructions during the specified snapshot period. Typically, this involves sending OM tokens to a designated migration smart contract to receive the new MANTRA tokens on the appropriate chain. Users must always verify instructions through official MANTRA channels to avoid scams. Conclusion The Binance-supported MANTRA token swap and rebranding from OM to MANTRA represents a meticulously planned milestone in the project’s development. This transition, characterized by clear communication, a secure automated process on a major exchange, and a strategic 1:4 redenomination ratio, is designed to strengthen the project’s market identity and operational efficiency. Ultimately, such moves underscore the dynamic nature of the blockchain sector, where projects must evolve their tokenomics and branding to align with long-term visions. The successful execution of this Binance MANTRA token swap will likely serve as a case study for future ecosystem upgrades, highlighting the critical importance of partnership with infrastructure giants for seamless user experience. FAQs Q1: What do I need to do if my OM tokens are on Binance? A1: Absolutely nothing. Binance will automatically handle the entire swap. Your OM balance will be converted to MANTRA at the 1:4 ratio before the new trading pairs open on March 4. Q2: What is the conversion ratio for the MANTRA token swap? A2: The conversion is set at a ratio of 1 OM token to 4 new MANTRA tokens. This is a redenomination, so the total value of your holding remains equivalent post-swap. Q3: I hold OM in a private wallet. How do I swap my tokens? A3: You must follow the official migration process outlined by the MANTRA team, which typically involves interacting with a designated migration portal or smart contract during a specific timeframe. Do not send tokens to unauthorized addresses. Q4: Why is MANTRA rebranding from OM to MANTRA? A4: The rebrand aligns the token ticker with the project’s name, reducing confusion. It also reflects the project’s evolution from a single DAO to a broader RWA and compliance-focused blockchain infrastructure provider. Q5: Will the old OM token have any value after the swap? A5: No. After the migration period concludes and the old OM contracts are deprecated, the OM token on the original chain will no longer be supported by the MANTRA ecosystem and is expected to lose its functional value. This post Binance MANTRA Token Swap: A Strategic Rebranding to Boost Ecosystem Growth first appeared on BitcoinWorld .

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

The Mantra project announced the end of its token migration period. Around 7% of the OM token supply remained locked in the form of ERC-20 tokens. The Mantra project is making the last call for migrating its OM tokens from Ethereum to its native chain. The team announced the last day of the migration period, leaving the remaining tokens locked on Ethereum. MANTRA enters a new era. Today is officially the last day to migrate your ERC20 OM to MANTRA mainnet. — MANTRA | Tokenizing RWAs (@MANTRA_Chain) January 15, 2026 The migration may have decreased the supply of OM, as around 7% of the supply remains unmigrated and may remain stuck on the old chain. The token swap was facilitated by Kraken, which was one of the first holders of OM on the new native main net. OM is seen as a risky asset, with slim chances of recovery, as the native chain still struggles to attract apps and users. OM still trades near three-month lows OM used to be a top performer among RWA platforms. However, in April 2025, the token crashed by over 95%. The team ascribed the crash to the activities of market makers with one-sided liquidity. Since then, OM has not been able to stem its slide, despite proposing buybacks and token burns. OM open interest is down to all-time lows at around $19M, with no signs of recovery. The token also does not have an accumulation of short positions or hope for a short squeeze and a short-term rally. As the swap period ends, OM traded at $0.07, still down over 37% in the past three months. OM and Mantra have not regained their position, despite the promises for RWA tokenization. The asset is still in the top 100 coins and tokens, but has significantly underperformed the market. Mantra restructures the organization, lays off parts of the team The CEO of Mantra JP Mullin announced the organization will go through restructuring, cutting all possible redundant roles. The launch of its chain and any attempts at recovery failed to produce sufficient business for the platform. Mullin cited the April 2025 crash and the worsening market conditions as the main rationale behind the restructuring. Today, I’m sharing one of the most difficult decisions we’ve had to make at MANTRA. After the most challenging year MANTRA has faced for a multitude of reasons, I’ve decided to restructure the company. This includes reducing our team size and parting ways with a number of… — JP Mullin (🕉, 🏘️) (@jp_mullin888) January 14, 2026 The Mantra team also shed some of its top influencers and contributors. Mullin announced the company had already streamlined its operations, but would need further cuts. Mantra will continue with its core team, but reduce functions in business development, marketing, HR, and other support roles. The Mantra chain attracted under $1M in liquidity through its attempts to build a DeFi space. For now, the chain lags far behind other networks, which at least manage to produce predictable fees. Mantra has also been displaced by other leaders with market-ready products in tokenization, including Ondo Finance and Solana-based tokenization project XStocks. Despite this, Mullin still hopes to make the project relevant in the next wave of crypto adoption. Join a premium crypto trading community free for 30 days - normally $100/mo.

In a bold move to adapt to the volatile market landscape, blockchain and altcoin project MANTRA has initiated a thorough reorganization. The past year marked one of the most tumultuous periods in MANTRA’s history, as acknowledged by the company’s founder and CEO, John Patrick Mul...

MANTRA initiated reorganization after difficult market conditions and internal evaluations. Job cuts affected various departments, unrelated to individual performances. Continue Reading:MANTRA Overcomes Market Turbulence with Strategic Reorganization The post MANTRA Overcomes Mar...