Mantra Chain is building a Layer 1 appchain on Cosmos, and they have allocated large $OM token airdrops to the community. 50 million $OM tokens will be allocated to $ATOM stakers and certain NFT holders. Moreover, they will be doubling their token supply for the new Mainnet launch, and participants of the Hongbai Incentivized Testnet in April will be qualified for the $OM airdrop. Here’s what you need to know.
What is Mantra Chain?
Mantra Chain is a project that is redefining the DeFi landscape by pivoting towards real-world assets on the Cosmos network. With a vision to build a Layer 1 AppChain for real-world assets, Mantra Chain aims to tap into the potential of tokenizing real-world assets in a self-custodial manner. By leveraging the power of Cosmos SDK, they are set to become trailblazers in bringing traditional finance and blockchain technology together.
Step-by-Step Guide to Get the Airdrop:
1. Stake $ATOM tokens
To qualify for the $OM token airdrop, stakeholders of $ATOM tokens are eligible to receive tokens from Mantra Chain. Take note that it’s not just the stakers who are eligible for the airdrop, certain NFT holders like pudgy penguins and bad kids can also qualify.
2. Stake $OM tokens
JP Mullen stated that they’re giving $OM stakers a 1.35x multiplier. However, the available slots for this offer are already filled, but you can still join the active staking pools on Ethereum, Binance Smart Chain, and Polygon until the Mainnet launch. If you’ve been staking $OM, you’ll qualify for the $OM token airdrop as well. Below are the eligible pools for the new staking mechanism:
3. Participate in the Hongbei Incentivized Testnet
Sign up on their Testnet website and actively engage with the platform to qualify for the large airdrop rewards.
4. Stay updated on announcements
Follow key figures like JP Mullin and DeFi Sushi for the latest updates on airdrop criteria and token distribution.
5. Diversify your investments
Consider diversifying your portfolio with a mix of Memecoins and real-world assets, aligning with your risk tolerance and investment goals.