Mantra OM Airdrop Finally Claimable Right Now | Cosmos ATOM IBC Eureka Integration Coming Soon!
Cryptocito | Daily Cosmos Crypto & Airdrops ⚛️
6 days ago
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Executive Summary
Mantra OM (OM) Airdrop & Ecosystem
- What it does: Mantra is a project building an RWA (Real World Asset) tokenization platform and Cosmos-based Layer 1 blockchain. They aim to be the #1 RWA tokenization project in crypto.
- Airdrop Details: Initially announced around two years ago when OM price was $0.10, the airdrop allocated 50 million OM tokens. Due to the significant price increase (600x), the distribution has been carefully managed with Sybil protection mechanisms. Roughly half of the initial allocation (~25 million OM) is being returned to the Mantra community pool and the other half distributed to Cosmos NFT communities.
- Eligibility: Primarily for testnet users, also extended to holders of Cosmos NFTs like Bad Kids, Celestia Sloth, and Shitmos. Approximately half of original testnet participants were filtered out due to Sybil resistance measures.
- Token Utility: OM is the native token used within the Mantra ecosystem.
- Claim Deadline/Dates: Currently claimable (as of video recording).
- How to Claim: Connect your Ethereum mainnet and Mantra wallets. A small amount of OM tokens is required for transaction fees. Staking defaults to the Mantra Foundation validator, manual redelegation to Stakecito is possible. Link provided in the video description.
- Additional Info: The total value of the airdrop is estimated at over $350 million due to the token price increase.
Cosmos (ATOM) & IBC Eureka Integration
- What it does: Cosmos is an ecosystem of interconnected blockchains, aiming for interoperability and decentralization. ATOM is the native token of the Cosmos Hub.
- IBC Eureka: An expansion of the Inter-Blockchain Communication (IBC) protocol that will make Cosmos compatible with Ethereum and EVM chains. Developed by Interchain Labs. This significantly expands Cosmos’s interoperability capabilities.
- Timeline: Deployment expected within 2-3 weeks, following recent proposal V23 upgrade 992 approval. A subsequent proposal will launch IBC Eureka on the Cosmos Hub.
- Significance: Positions Atom as a true interchain service provider and interoperability hub. Could lead to value accrual for ATOM and adoption by chains like Nelian and potentially DYDX.
- ATOM 1 (Atone): A fork of Cosmos with a minimalist approach, led by Jay Kwon. Holders of original ATOM received an airdrop of Atom 1 which can be staked at a 51% APR. Requires connecting a Kepler wallet to claim.
DYDX
- What it does: A decentralized perpetuals exchange.
- Relevance: Mentioned as a potential future user of Cosmos' IBC Eureka for interoperability services.
Neutron (NEUTRON) & Drop Protocol
- What it does: Neutron is a blockchain built on Cosmos, focused on DeFi and smart contracts. Drop Protocol is a liquid staking protocol on Neutron.
- Token Utility: D-ATOM (liquid staked ATOM) can be deposited in Levana pool to earn droplet points. Milk points are also earned by restaking liquid staked Tia on Milky Way.
- How to Participate: Liquid stake Atom or Tia on Drop Protocol and/or Milky Way, then restake on Milky Way. A potential airdrop may arise from accumulated points.
Architects (ATC)
- What it does: Details are scarce in the video; appears to be a newer project with an upcoming tokenomics reveal.
- Eligibility: Airdrop eligibility extended to holders of Bad Kids NFT, Celestia Sloth and Shitmos NFT and DAO members.
Stakecito
- What it does: A staking service offering staking on numerous blockchains (including Mantra, Cosmos/ATOM, Babylon, Berachain, Celestia, Sei Network, Saga, Akash Network).
- Relevance: Mentioned as a validator for Mantra OM.
C2 Zone & C2 Plus
- What it does: A crypto research and education platform offering premium content and community access.
- Relevance: Provides exclusive resources like detailed airdrop tutorials and AMAs with project founders.
Transcript
Transcript
Buenos dias, buenos dias, casi que no, the day has finally arrived. The Mantra Ohm airdrop is claimable and in this video we're going to walk you through where and how exactly you can claim that airdrop step by step. But looking at the prices first, everything pretty much sideways, still on very low levels and as I said in the last video, I am truly convinced and committed to the Cosmos ecosystem and believe that the resurrection miracle is in full swing and Cosmos vibes are being restored as we speak and a lot of integrations and exciting things are cooking right now in the background and I think sooner or later this will also reflect on the charts, especially for projects with strong fundamentals because we are going to get back to fundamental season at some point. Well, one of the main things that is cooking right now is the launch of IBC Eureka, which is an expansion of IBC that will make it compatible to Ethereum and EVM chains. And this is not developed by another team. This is developed by Interchain Labs, the core organization now in the Cosmos ecosystem. And they're going to implement this first on the Cosmos hub, making the Cosmos hub and Atom a true interchain service provider, a true interoperability hub. And a recent proposal that passed the V23 upgrade proposal 992 is clearing the pathway for IBC Eureka contracts to be deployed. So this one is coming very, very soon. I think within the next two weeks, I would assume two or three weeks, we will see a subsequent proposal that will launch IBC Eureka on the Cosmos hub. And Mark, the co-co at Interchain Labs alongside Barry has also said, not a single no vote, no drama, full alignment, full send. Welcome to the new Atom. Historically, if you've been around in Cosmos for a while, whenever there were such proposals about, you know, shipping products that would shape the future for the Cosmos hub and its technical roadmap, there were always intense discussions and drama around it. Well, now, not only do we have new leadership and a new vision for the hub and Atom, and at the same time, we also have the opposition in a sense, the believers in a minimal hub that do not want to have smart contracts, they do not want to have any DeFi primitives with Atom 1 that now have their own chain led by Jay Kwon, the original founder of Cosmos and his organization All In Bits, plus the entire community of believers in a minimal hub vision, which I think is very, very good because now we've forked a lot of drama away, a lot of controversy away. And Atom 1 eventually might also do well, right? And if you are an Atom holder for a while, then you also received the Atom 1 airdrop, the Atone airdrop. And you have to check in your Kepler wallet because that thing just got dropped into your wallet. Connect the Atom 1 chain and see if you have any Atom 1 coins because that thing, even though it's down 24% today, but at $1.64 still might be a relatively decent airdrop. And you can even stake that at 51% staking APR. I do not really have strong opinions on Atom 1. I definitely appreciate Jay Kwon, what he did for Cosmos, his kind of, you know, early vision. And like, he was just way, way ahead of everyone back in 2013, 2014. I also did a couple of interviews here on this channel over the years, but I think now it's actually very healthy that there is clear separation and Jay has his own chain and project and the Cosmos Hub can be more aggressive and also onboard and partner with other projects, right? It seems that Nelian is also going to connect to the Cosmos Hub via IBC Eureka and using the hub as their hub, as their interoperability hub, which means eventually also value accrual and a true interchange service provision by Atom and the Cosmos Hub, which would be very refreshing. And maybe also DYDX and other chains will use that service. At least that would be really cool to see. Zaki also saying Cosmos is the one. Cosmos is the one that has the treasury of a 2017 era project, the hunger of a bootstrap founder, the confidence of newly minted grat, the wisdom of a post IPO operator and the stomach of someone who survived two cycles. I think the stomach of cosmonauts at this point is off the charts because we just went through so much, not only price wise, but also sentiment wise, infighting drama. And all that's now left behind and we're focusing full steam on shipping cool stuff, talking about it, communicating, networking, socializing, sharing that with the world. And I think Cosmos vibes at this point are unstoppable and up only. At least that's my perception. Then we also have a teaser here. Maybe there's an Atom ETF also cooking. Now that we have ETF season and every project is filing for an ETF, apparently people have also filed for an Atom ETF, remember that McBerry and Interchain Labs is headquartered in New York as well. So they're also very US aligned in that sense, which is its own new meta right now. Realistically, obviously, I still think that the Atom ETF is still down the road, but a lot of the things that are cooking right now will restore faith and trust in Atom and will make it an interesting and attractive assets because of the fact that it is very decentralized, has liquidity in all major exchanges, has been battle tested for so many years now, which is also a huge value proposition that Atom has compared to newer chains that just launched or barely have one cycle in. Because one thing is to launch at a high FTV. Another thing is to maintain a high FTV after three, four, five years after founder drama, after, you know, failed technical roadmaps and all these kind of things. So we'll see where this goes. Another project that checks those boxes is actually Mantra. They've been around for a very, very long time. I've known the founders since 2019 or 2020, and they went through so many iterations. But one thing was always part of Mantra's identity, and that is tokenization of assets, tokenization of real world assets. And now Mantra managed to pull it off and be recognized and established as the number one RWA and tokenization project in all of crypto. And around two years ago, they have announced an airdrop when the Mantra Ohm price was at 10 cents. They announced a 50 million Ohm airdrop to the Cosmos community after making their switch from, I guess, they started on Ethereum, then they wanted to be on Polkadot, and now they launched their Cosmos L1. Actually, last year at Cosmos in Dubai, they announced Mainnet launch for the first time publicly from the stage in a fireside with RAN from CryptoBancher. Big shout out here. So that 50 million Ohm airdrop, which initially was like $500,000, now turned out to be more than $350 million because the Mantra price just went through the roof and pulled a 600x ever since that thing was announced. And that's also the main reason why they were so careful and conservative about rolling out the airdrop and kept delaying it and also implemented a heavy Sibyl protection mechanism that filtered out a lot of the testnet bot farming and auto farmers and those that just come for the airdrop, not those that actually genuinely care about the project. I personally don't know anyone that I know has been part of the Mantra community and genuinely cares about the project that lost their airdrop allocation. So part of the airdrop was reserved for testnet users and a lot of them got filtered out, around half of them, which also meant around half of the 50 million Ohm airdrop was filtered out. That is now through an on-chain proposal being sent back to the Mantra community pool. And the other half, which I guess is mostly also for Cosmos NFT communities like Batkit holders, Celestine sloth holders, and so on and so forth, they're still getting the airdrop. And this airdrop is now claimable. In fact, Winnie from my team at Staxedo was, I think, first to share this quick tutorial on how to claim your Mantra airdrop. And I'm going to give it over to Winnie right now to walk you through where and how you can claim your Mantra airdrop. Hey guys. So the Ohm Gen drop is live and you can claim 10% of the airdrop at this point. All you need to do is essentially connect your Ethereum mainnet account. And then you're going to need to do the same with your Mantra wallet. And then you should be good to claim. So I'm just going to do that right now. I will use the account that I used for Testnet. So you'll notice the amount is kind of small, but it is 10% of what I would have gotten on Testnet. So connect my wallet. And then connect my Mantra wallet. And here you'll see what I can claim from the Chakra pool. And then here you can see what I can claim from the Gen drop. It is essentially just 16 Ohm, which comes to about $100. So you can then click on claim. You can then accept the terms. And then you can spread the news on Twitter. And then now you're good to go to claim. So you click on proceed. Confirm the transaction. And you have claimed your tokens. Now you can then proceed to stake. Obviously, Stakeseto is a validator on Mantra. And we invite you to stake with us. So you can come and redelegate to other validator. Right now it's automatically delegating to Mantra Foundation. So you simply just come find Stakeseto. Select Stakeseto. Obviously, only if you want to. And then click on marks. And then click on redelegate. Accept the terms. Continue. Confirm. And approved. You have claimed your 10%. You have then redelegated from a foundation. We would really, really appreciate it if you can support us. And yeah, happy airdrop claiming. And I want to quickly highlight two things. Number one, note that you'll need some Ohm on your wallet to claim the airdrop to cover for transaction cost. And two, by default, your airdrop, if you click on claim and stake, will be staked. With the Mantra Association validator. I personally would have loved to have this optional that you can choose whichever validator you want to stake with. And as a Mantra validator with Stakeseto, we appreciate all of your delegations. But you would have to manually redelegate to us as Vinny showed in the video. Which is an extra step, an extra hustle. But that's just what it is. You'll also find a link to this claim page here under this video. For all C2 Plus members, we also shared this in our C2 Plus Premium Discord. And also C2 Plus for my team did another walkthrough tutorial step-by-step to make sure that no one misses out on any step and is best prepared to claim the airdrop. And as always, if there's any open questions for C2 Plus members, you can drop that here in our Discord. We'll also, by the way, have a very big interview coming up on Monday with none other than Mac. So Mac will join us on Monday on C2 Plus Discord to talk about the Cosmos Hub, IBC Eureka, Cosmos, and also answer your questions. If you want to become a C2 Plus member, you can come here on c2.zone. Click on Join C2 Plus and you'll be redirected here where you can find all information. And also if you click here on C2 Plus, you'll find information and a quick intro video of myself here on our website. Now, a big shout out to the Mantra team for this generous airdrop. Now, every sloth holder alone got 810 OM tokens, which is, I think, right now more than the price of a sloth. So you can literally buy a second sloth with it. But yeah, that's just that. I haven't claimed my airdrop yet. And yeah, we'll do that after this video. Now, some other things that I'm doing right now. Quick update here in terms of airdrop farming and airdrop positioning. One of the things is TurboTab, which I've been doing for the past two months, I guess now. And I've been doing this quite regularly. So right now, very happy with my top 500 tapper ranking. Let me know if you're tapping. I think this one is coming to an end within the next few days. Then I'm also farming droplet points on Neutron's drop protocol. And here you can liquid stake your Atom or Tia and start earning those points. I'm mostly farming my Atom with drop protocol because there, if you deposit your D-Atom in the Levana pool with a 45-day lockup, then you're earning the maximum amount of droplet points. And I'm also restaking my liquid staked Tia, both from drop protocol and on Milky Way itself. So you can come here and you can liquid stake your Tia on Milky Way and then restake that on Milky Way itself. Or you can also liquid stake your Tia on drop protocol and then restake it on Milky Way, which means you're earning both points. You're earning droplet points and milk points as well, which eventually might also become an airdrop. Milky Way is a restaking platform that is going to go live as its own layer one blockchain also very, very soon. They also have this tight partnership with Inicia. I think they're also going to deploy a rollup there, at least that's my understanding. And we also have two new airdrops, which to be honest, I don't really know that much about these projects. One is the Architects and they revealed the cult tokenomics on their blog post here and how you can get that token and also the details around the cult drop. And then also Astonic ATC that actually also did an airdrop to C2 Plus members. So we got our very first airdrop for all C2 Plus members dedicated from the tokenomics, from the team to reward C2 Plus members, which is really cool to see. But also other communities are eligible like Bad Kids NFT holders, Celestine Sloth and Shitmos NFT and DAO members. And lastly, big shout out to everyone participating in our C2 Earn campaign. You always have to keep an eye out for that because you can earn money like Atom or USCC for creating content, for creating a video, a thread, a article, whatever it is. And the winners for the last cohort in collaboration with Illus Network are Webking10, who won 100 Atoms. Then we have Tanazi with 15 Atom and the Hodl Wizard with 300 USCC. We also linked the winners content in this thread and hope that you participate in the next round and get a chance to win Samatom or USCC. Anyways, happy claiming on Mantra Gen Drop Day. I hope that you are all getting a decent airdrop. Let me know in the comments if you're eligible and got to claim it or if you have any issues. And I hope to see you very soon. Stay safe, stay positive, stay bullish, stay excited because I think eventually Cosmos will have its time and we're going to have our turn. Also here at the C2 Zone, C2 Ventures Cosmoverse, where we also have some big updates to be shared very, very soon.