The post MANTRA Launches $OM Token Airdrop for Users appeared on BitcoinEthereumNews.com.

MANTRA has ignited enthusiasm within its community of over 350,000 members by announcing a significant $50 million airdrop of its OM token. Participants eligible for this distribution include stakers, NFT holders, and active contributors within the ecosystem. The allocation of tokens will vary based on each participant’s level of engagement. How Will Tokens Be Distributed? The airdrop will distribute approximately 60% of the total tokens to participants involved in the KARMA Pre-Mainnet Quests. This initiative means that 124,760 addresses will receive tokens from a pool containing 615,000 participants. MANTRA’s use of the Kurtotic Adjustment technique aims to ensure equitable distribution by minimizing the effect of outliers in the analysis process. What Is the Current Status of $OM Tokens? $OM tokens are trading around $1.39, with fluctuations between $1.38 and $1.48 over the past day. While the token experienced a 7% decline over the last week, it has rebounded with a 4% rise in the past month, supported by a daily trading volume of nearly $40 million, indicating solid liquidity. The substantial scale of the airdrop and its distribution plan have fueled speculation regarding favorable impacts on the $OM token price in the near future. The participation of more than 350,000 users suggests an anticipated increase in demand as tokens are released. This could lead to enhanced market momentum, surpassing previous peaks. How Is the Community Reacting? The announcements regarding the airdrop have garnered a warm reception from the cryptocurrency community, with many expressing their satisfaction at being recognized for their loyalty to the project. MANTRA’s systematic approach to the distribution reflects its ambition to broaden its user base and reinforce its ecosystem, which may drive long-term engagement. Over 350,000 participants engaged in the airdrop. 60% of tokens allocated to KARMA Pre-Mainnet Quests participants. $OM tokens currently trading at $1.39 with…

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Filed under: News - @ November 9, 2024 11:15 am