MANTRA Finalizes OM Token Migration with OKX

MANTRA has successfully migrated OM tokens from ERC-20 to its native chain.

This strategic move enhances long-term functionality and reduces external dependencies while ensuring a smooth transition for holders.

MANTRA Completes OM Token Migration to Native Chain

The OM token migration from ERC-20 to MANTRA Chain is now complete. This significant change affects OM holders and involves coordination challenges with OKX, a major exchange platform.

CEO John Patrick Mullin criticized OKX for incorrect timelines, stressing the need for cooperation. Despite these challenges, MANTRA has ensured a smooth transition, safeguarding holders’ interests.

Temporary Service Suspensions but Trading Remains Stable

The migration temporarily suspended certain services, though trading options remain largely unaffected. The financial impact is still under review but initial assessments suggest no major disruptions.

This change minimizes risks by converting all tokens manually. This method maximizes security for OM holders, who will not require immediate action. The market anticipates increased stability post-migration.

OM Migration Enhances Long-Term Chain Functionality

Other tokens previously transitioned to native chains, but OM’s prediction aligns with MANTRA’s strategic goals. Past migrations often faced similar community feedback and technical challenges.

Experts emphasize that this migration could lead to enhanced functionality on the MANTRA Chain. This move is seen as a progressive step ensuring long-term sustainability and reducing dependency on external ecosystems.

John Patrick Mullin, CEO of MANTRA, stressed the necessity of coordination saying, “OKX’s team issued announcements revising the migration schedule twice… later superseded.”