Altcoin

Will OM Price Hit New ATH As Mantra Unveils 50M Airdrop Details?

Published

5 days ago

November 8, 2024

MANTRA has announced details of its highly anticipated 50 million $OM token airdrop, sparking excitement across its community of over 350,000 participants. Eligible recipients, including stakers, NFT holders, and active ecosystem members, will receive tokens based on various engagement levels.

Currently trading at $1.39, $OM could see renewed interest and momentum as users claim their rewards. The airdrop scale and distribution strategy have sparked speculation about potential price action in the coming weeks.

MANTRA Unveils Key Details on Massive 50M $OM Airdrop

MANTRA latest 50 million $OM token airdrop has attracted major attention within the crypto community, revealing specific allocations to different groups. The airdrop primarily rewards active participants across various campaigns, including Pre-Mainnet Quests, ATOM staking, and several NFT-based rewards. With over 350,000 users included, the airdrop signals its dedication to community engagement and loyalty rewards, further reinforcing user interest in the $OM ecosystem.

🕉️ 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 largest allocation, about 60%, goes to users involved in the KARMA Pre-Mainnet Quests, benefiting the top 124,760 addresses from a participant pool of over 615,000. To ensure fairness, this top RWA coin employed a unique Kurtotic Adjustment for distribution, which lessens allocation discrepancies. Kurtotic Adjustment reduces the influence of extreme values in data, making analysis more accurate and reliable. The adjusted allocation means that 1 $OM equates to approximately 6.797 adjKARMA, offering loyal users greater value for their engagement.

Additional reward pools include 8% for ATOM stakers, rewarding those who supported MANTRA validator node. This group will also benefit from its future initiatives, such as the ATOM/USDC liquidity pool on MANTRA Swap. NFT holders in the Bad Kids, Celestine Sloths, and Pudgy Penguins collections also receive substantial rewards, with fixed $OM allocations per NFT held. This approach solidifies its commitment to its user base while broadening ecosystem adoption.

Can the Growing User Base Push $OM to a New ATH?

The $OM token is currently trading at $1.39. Its price fluctuated between $1.38 and $1.48 in the past 24 hours. Despite a 7% drop in the last week, the token has gained 4% over the past month. Daily trading volume stands at $40 million, showing strong liquidity. The all-time high for $OM is $1.62, suggesting room for growth.

With over 350,000 users participating in the airdrop, demand for $OM is likely to rise. As tokens are distributed, momentum should increase. This could push the price higher and potentially surpass its previous all-time high.