Mantra Reveals Details of 50M OM Airdrop for Community Members

Excitement Peaks as Mantra Announces 50M OM Airdrop

As the crypto market experiences a surge in activity, enthusiasts of Mantra are in for a treat with the confirmation of a 50M OM airdrop. The community, boasting over 350,000 members, is eagerly anticipating the massive Gendrop airdrop, which will allow NFT holders, stakers, and active ecosystem contributors to participate. The team had hinted at this development back in April, and now, it is finally becoming a reality.

Mantra Team Unveils OM Airdrop & Allocation List

In a recent post on X, the Mantra team officially announced the 50M airdrop set for November 8. The highly-awaited event has generated significant buzz, especially since the allocation list has been released. Interested individuals can check their allocation by visiting the Mantra Zone.

🕉️ GenDrop Checker is LIVE!

The community can now check their allocations of the 50M $OM GenDrop. https://t.co/PfRQ117pWz

We also published a breakdown of the eligibility criteria, indicating the various activities, $OM allocation per bracket, and eligible addresses in the… pic.twitter.com/FcVZ5anBBq

— MANTRA | Mainnet LIVE (@MANTRA_Chain) November 8, 2024

The Mantra team has taken steps to include various groups and ensure a fair distribution process with separate allocations. The airdrop participants will have equal opportunities, as each category comes with different eligibility criteria.

According to the official announcement from MANTRA, the OM airdrop will benefit 350,000 users across 11 groups. The largest share, comprising 60% of the total airdrop, is reserved for participants in the KARMA Pre-Mainnet Quests, with around 124,758 addresses set to receive their share.

The eligible users will be selected from a pool of 615,000 participants. Out of these, 124,760 addresses have been identified as meeting the criterion of owning 57% or more KARMA tokens. To ensure fairness, the distribution method includes a Kurtotic Adjustment rather than a linear approach.

Details of Remaining OM Airdrop Allocation

The second-largest allocation is earmarked for the Galxe Season 1 group, with 12% of the total supply allocated to 125,725 participants. Eligibility in this category is determined by participation in the Galxe quest and earning over 215 points, with rewards increasing based on points collected. An additional eligibility criterion involves adding the EVM address.

Other allocations include percentages for ATOM Staker to MANTRA Node (8%), Bad Kids NFTs (4%), Celestine Sloths NFTs (4%), Pudgy Penguins NFTs (3.5%), Testnet validators (3.5%), Mad Scientists NFTs (2.5%), Galxe Season 2 (1%), MANTRA NFTs (1%), and Bit Kids NFTs (0.5%).

The Mantra team’s efforts have reignited interest among users, although the official launch date for the OM airdrop is yet to be revealed. It remains to be seen how this development will impact the price of OM tokens.

Pooja Khardia

With a passion for reading and five years of content writing experience, Pooja now focuses on creating trending cryptocurrency content. As a dedicated crypto journalist, Pooja diligently researches the latest trends and statistics to deliver insightful articles for crypto enthusiasts.

Disclaimer: The content presented reflects the author’s personal opinion and is subject to market conditions. Conduct your own research before investing in cryptocurrencies. The author and publication are not liable for any financial losses incurred.