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MANTRA's new proposal suggests updating the OM token economy, including reducing the on-chain inflation rate to 3%

MANTRA's new proposal suggests updating the OM token economy, including reducing the on-chain inflation rate to 3%

Bitget2024/12/20 13:32

On December 20th, the Layer1 blockchain MANTRA, which focuses on RWA assets, announced on platform X that the updated OM token economics proposal has now been launched. Snapshot voting is now open and mainnet voting will take place next week. 
Although the proposal suggests adjusting the token issuance schedule, individual allocations obtained through various activities will remain unchanged. The specific contents of the proposal include:
1. Adjusting the vesting schedule for OM upgrade rewards; cliff period ends on March 18th, 2025 followed by a linear vesting period extending until October 16th, 2028.
2. Unlocking of initial airdrop allocation's 10% starts from March 18th, 2025 with a six-month cliff period until September 18th, 2025. From this date onwards remaining rewards begin to vest linearly and continue until March 18th ,2027 . In addition it proposes second phase anti-witch checks for all wallets after which there will be no further extension of airdrop reward vesting periods.
3.The team and core contributors' incentive cliff and vesting periods are extended; cliff period ends April23rd ,2027 while vesting period concludes October22nd ,2029 .
4.Pre-Seed round investors' token cliff ends October23rd ,2025 with their vested tokens ending October23rd ,2027 ; Seed round investors' token cliffs end April23rd ,2025 with their vested tokens concluding April23rd ,26 .
5.Ecosystem allocations remain unchanged starting January1st ,25 when chain inflation rate drops from8% to3%.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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