MANTRA (OM): tokenomics, risks and score
A real world asset chain focused on the Middle East, holding a virtual asset licence in Dubai, whose token collapsed over ninety percent in a single day in April 2025.
What MANTRA is, and what it does
This is a real world asset. It represents something that exists outside the blockchain, such as government debt, property or a commodity, held by a custodian and recorded on chain.
What the OM token itself does: It can be staked to earn rewards, though a large part of those rewards is newly issued token rather than earned revenue.
Where it runs: MANTRA. Mechanism: Cosmos based chain for regulated real world assets. It has been running since 2020, so roughly 6 years.
The facts
- TICKER
- OM
- SECTOR
- Real world assets
- CHAIN
- MANTRA
- LAUNCHED
- 2020, so around 6 years of operating history
- MECHANISM
- Cosmos based chain for regulated real world assets
- MAXIMUM SUPPLY
- 1.77 billion
- VALUE CAPTURE
- Staking only
- UPGRADE CONTROL
- Team controlled
- VESTING
- In progress
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
A hard maximum supply that cannot be raised without the agreement of essentially every participant. Holders can stake to earn rewards, though much of that reward is newly issued rather than earned revenue.
The founding team retains control over upgrades or parameters. Ownership is heavily concentrated. A small number of wallets hold enough to determine the price on their own.
Where it is strong and where it is not
- Has operated for around 6 years and through at least one full bear market
- Supply is capped, so holders are not diluted indefinitely
- Audited, with published reports
- Fully open source, so the code can be independently reviewed
- Heavily concentrated ownership means a few wallets control the outcome
- Upgrade control sits with a small group, so the rules can change
- Thin liquidity. Check order book depth before assuming you can exit
- Has 1 recorded incident on its history
Incident history
The token fell more than ninety percent within hours in April, attributed to forced liquidation of large positions. Extreme supply concentration among insiders was widely identified as the underlying condition.
Our read
The main risk
Extreme supply concentration produced a ninety percent single day collapse, and unlocks continue.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.