As shared in our last community update, we detected multiple fraudulent accounts in our recent sybil investigations that were attempting to unfairly gain $OM. These accounts are not genuine members of our community, nor do they have an authentic and honest interest in the durability, sustainability and long term vitality of our ecosystem.

Today, we are sharing a further breakdown of the methodology our investigation employed. Wherein, we answer additional questions received since our community update. We are also providing a further update on the upcoming GenDrop.

The Methodology

To ensure fair $OM distribution and prevent sybil activity, multiple detection approaches were employed ahead of the upcoming GenDrop.

Our goal has always been to reward and protect community members who contribute to the long-term growth of our ecosystem, while preventing bad actors — namely bots and sybils — from exploiting it for profit, particularly to the detriment of genuine others.

The methodology involved engaging independent third-party firms, community reporting, and internal analysis. This included;

• Independent firms: External experts analyzed archival testnet node data implementing clustering algorithms, interaction graphs, and machine learning models amongst other methodologies. Wallets with 20 or more linked addresses were flagged, along with those exhibiting circular funding patterns, high-frequency bot activity, and other patterns.
• Community reporting: Informants provided additional insights, identifying patterns such as identical wallet creation dates, systematic GenDrop farming, and sequential wallet transactions.

For example: If Alice had 20 or more wallet addresses, and all were funded from a single wallet address onchain with the same pattern, then Alice and all her subsequent wallets were flagged as sybils.

• Internal analysis: Our team examined network-wide trends, linking wallets through repeated transactions and bridging activities. These findings were integrated into a composite scoring model to evaluate individual wallets.
• Validation process: Wallets that triggered more than one signal across different methods were flagged for review. Very strong indicators led to classification as a sybil, while those wallets that showed weaker indicators, underwent further scrutiny to minimize false positives.

The Findings

As a result of the methodology, the below was ascertained;

• 123,195 out of 217,351 wallets have been removed from eligibility. Please note, more accounts could have been classified as ineligible, however they were not.
• By failing to bridge and link their mainnet wallet addresses, currently 80,000 wallets remain unallocated.
• Reports with verifiable methodology were considered, and their results double checked. As a reward for uncovering 1,066,480 $OM linked to bot activity, 29 members of the community have been allocated 106,648 $OM for providing high-quality and valid sybil reports.

As an example, if a person submitted 100 wallets for review, these were first checked against a list of known sybil wallets. If 60 were already on this list, their reporting would not be rewarded, however the newly identified 40 would.

The reporter would then receive 10% of the total OM allocation for the sybil wallets they identified. Meaning, if each sybil wallet was worth 1 OM, the informant would receive 10% of the 40 correctly identified OM as their reward, so 4 OM.

This system ensured that informants were rewarded for uncovering new sybil wallets, not for reporting already-detected ones.

• Unfortunately, the self-reporting initiative was misused, with multiple reports falsely and maliciously targeting real users. We believe this was most likely done to reduce the total GenDrop allocation. To ensure that legitimate participants receive their GenDrop allocation, we have invalidated those self-reports where we could not reliably verify their accuracy.
• As a result, and in accordance with the proposal, 26,942,144 OM will be set aside for burning.

Next Steps

Given the magnitude of sybil activity detected and the value of the $OM, we believe it is in the best interest of the ecosystem for the community to decide the best course of action.

Next, we will share a governance proposal, whereby the community can vote on the future of these $OM. It is our hope that as many members of the community as possible partake.

Regarding sybil investigations, we will continue monitoring the ecosystem using external and internal measures. Any additional wallets identified as a sybil, will forfeit their allocations.

As shared previously, our investigations have been conducted to ensure those who’ve contributed to MANTRA’s growth to date and supported our work in bringing the world’s financial ecosystem onchain — are adequately and honestly rewarded.

We would like to thank all who have assisted to date.

Let’s keep building.

MANTRA.

About MANTRA

MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real-world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability.

To request more information about MANTRA, or connect with a member of our team, you can do so here. To be the first to read about MANTRA, our product news, community updates and more, connect with us on Telegram, X, LinkedIn and Discord. We also recommend you visit our announcements page regularly.

MANTRA, a layer 1 blockchain purpose-built for tokenized real-world assets (RWAs), today announces the start of the ‘Sybil Slaying Season’ ahead of its upcoming 50 Million $OM Token airdrop.

This two part initiative has been designed to reward genuine members of the MANTRA community and ensure the continued durability and sustainability of the ecosystem.

A key challenge in achieving a healthy airdrop, is the detection of sybil activities and attacks, which involve the creation of multiple fake accounts that unfairly gain a larger share of tokens.

Ahead of the upcoming $OM airdrop, Sybil Slaying Season will involve two key phases; self reporting, which will give the self-reporter 18% of their intended token allocation, and a bounty program, with an allocation of 10%. A failure to report and identify as a Sybil will result in a 100% forfeiture.

Tokens earned during Sybil Slaying Season will be subject to the same vesting schedule as the Gendrop itself.

What is Sybil Activity?

Sybil activity refers to behavior where a single entity uses multiple addresses to gain unfair advantages, such as:

• Mass creation of addresses — for example, tens, hundreds, or even thousands of addresses controlled by one entity to participate in farming activities.
• Use of sybil farming applications — popular tools or software specifically designed to exploit farming opportunities
• Patterned behavior — If you suspect that you are participating in sybil activity, it’s very likely you are.

Additional signs that could indicate sybil activity:

• Automated address creation — using scripts or bots to create multiple wallet addresses quickly.
• Excessive address clustering — having many addresses with similar transaction patterns or activities.
• Overlapping activities — a high concentration of activities (like farming or airdrop participation) across many addresses, all linked to a single entity.

A thorough breakdown of MANTRA’s Sybil Slaying Season initiative with key dates, is detailed below.

Part 1: Self Reporting

All sybil farmers have the opportunity to self-report until 24 February 08:30 UTC 2025 in return for 18% of their intended allocation. No questions will be asked.

How to Self-report

1. Visit this Google form
2. Indicate that you are a self reporter
3. Upload list of wallets into the form
4. The report will be complete

Soon after the end of the 11 — day period (13 February 08:30 UTC — 24 February 08:30 UTC 2025), a public release of all identified sybil addresses will be shared.

Verified sybils who have not reported, will receive zero allocation.

Part 2: Bounty Program

From 13 February 08:30 UTC — 24 February 08:30 UTC 2025, all users are eligible to submit detailed reports of sybil activity. A successful report will result in the verified sybil address(es) receiving no $OM, with the bounty hunter receiving 10% of the forfeited allocation from the successfully reported addresses.

Eligibility Criteria

• Reports must include a minimum of 20 linked suspicious addresses
• Reports must include a clear methodology for identifying suspicious addresses. This methodology can include, but is not limited to:

Transaction patterns: For example, repeated transactions of the same size or at the same time.

Wallet creation behavior: For instance, large numbers of wallets created within a short time frame.

Social media or public data: Correlating wallet addresses with known bots or suspicious accounts on social platforms.

Common ownership: Identifying patterns of addresses linked through shared ownership or activity in smart contracts.

No overlap with pre recorded wallet submissions

Submission Process

• Visit this Google form
• Indicate you are an informant
• Upload your list of wallets into the form
• Clear methodology must be provided on how the addresses have been identified
• After rigorous review MANTRA will verify your report

Important Note

If a community member reports a sybil farmer BEFORE they self-report themselves, the Sybil Farmer will lose their allocation and the community member will be awarded 10%.

Example:

Alice farms rewards using multiple fake accounts.

Bob detects the Sybil farming and reports Alice before Alice self-reports.

The team verifies the report and confirms the Sybil farming activity.

Alice loses her entire allocation.

Bob receives 10% of Alice’s forfeited allocation as a reward.

Ineligibility Criteria

• Reports with high redundancy, insufficient data, or invalid MANTRA Chain transactions.

Final Word

• MANTRA Chain’s discretion on eligibility and bounty awards.

The Sybil Slaying Season initiative, ahead of the upcoming $OM airdrop, will ensure those who’ve contributed to MANTRA’s growth to date and supported our work in bringing the world’s financial ecosystem onchain — particularly our community and builders — are adequately rewarded. As well as ensure the sustainable and durable growth of our ecosystem.

About MANTRA

MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real-world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability.

To request more information about MANTRA, or connect with a member of our team, you can do so here. To be the first to read about MANTRA, our product news, community updates and more, connect with us on Telegram, X, LinkedIn and Discord. We also recommend you visit our announcement page regularly.

We’re excited to announce the MANTRA team will be on the ground for this year’s Consensus (February 18 to 20, 2025), one of our industry’s most influential crypto events, where the brightest and most curious minds in the space come together. Here’s what we’re doing, and looking forward to, not just during the conference, but outside of it as well.

If you’re in Hong Kong, join us. What’s more, if you’re coming to town, and are interested in connecting with a member of our team to discuss how you might be involved in our ecosystem and upcoming initiatives, we invite you to do so here.

Connect with Us at Consensus

Main Stage Fireside Chat | Thursday, February 20 | 12:45 PM — 1:00 PM
Our CEO, John Patrick Mullin, will join Google Cloud’s Global Head of Crypto Strategy, Richard Widmann, for a fireside chat on the Main Stage. They’ll be announcing an upcoming project we’re excited for, and if you’re a builder or startups there’s a chance you’ll be excited too…

Startup Spotlight Session | Thursday, February 20 | 2:45 PM — 2:50 PM
Our Co-Founder, Jayant Ramanand, will speak on the Builder’s Stage at the Startup Village. The topic? MANTRA: Pioneering Security and Compliance in the RWA Landscape.

Side Events to Attend

Web3 Connect: An Institutional-Focused Forum | February 17 | 3:30PM-4:00PM
Catch our CEO, John Patrick Mullin, at speaking on the panel “Trump2.0 — The Next Decade of Institutional blockchain — Staking, Crypto ETPs, ETFs, Macrotrends” alongside experts from Presto Labs, Franklin Templeton, Mantle Network, and Solana. Connect, collaborate, and exchange ideas with some of the brightest minds in the industry.

Panel on RWA Tokenization | Monday, February 17 | 6:00 PM — 9:00 PM
We’re hosting a panel discussion alongside Defactor, WOW Summit, and LynxCapital. We’ll be taking a look at real-world asset tokenization use cases across fixed-income products, real estate, and precious metals.
RSVP

Racing into the Web3 Future | Wednesday, February 19 | 6:30 PM — 11 PM
Giddy up. MANTRA will be part of an official side event in celebration of the Consensus Cup at Hong Kong’s iconic Happy Valley Racecourse along with IDA, BlackPint, Sora Ventures, Mythos Group, Zeus Network, OpenDID and BlockFills.
RSVP

RWA in Consensus: Real Assets, Real Transformation | Wednesday, February 19 | 1:00PM — 6:00PM
CEO John Patrick Mullin will be joining a panel on RWA Diversification: How Traditional Institutions and Web3 Unlock a Trillion-Dollar Market at ​14:45–15:40 alongside industry experts from Nerochain, Avalanche, Secured Finance and Advertising Time Trace.
RSVP

Real World Meet Up with Google Cloud | Thursday, February 20 | 7:30PM — 10PM
We’re opening the doors to our office, for an evening that celebrates builders, traders, startups, and enthusiasts. The event will include an open discussion with the Google Cloud team on the announcement JP and Richard dropped during their Consensus fireside. The food and drinks are on us.
RSVP

Hack Season Conference Hong Kong | February 20 | 10:00AM — 7:00PM
After successful editions in Bangkok and Singapore, Hack Seasons is coming to Hong Kong. You’ll be able to catch JP discussing Real World Assets at 2pm.
‍RSVP

ALPHA: Hong Kong Edition | February 21 | 12:00PM — 4:00PM
Rounding out the week, you’ll find the team on the rooftop of Cardinal Point for JP’s ALPHA panel, alongside Sebastien Badault (Ledger), Lingling, Jiang (DWF Labs), Sylvia To (Bullish Capital) and Sebastien Borget (The Sandbox).
‍RSVP

Consensus in Hong Kong is shaping up to be one big week not just for our team but the wider community. We look forward to a week full of insightful discussions, networking opportunities, and industry-shaping conversations.

See you in Hong Kong.

‍About MANTRA

MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real-world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability.

To request more information about MANTRA, or connect with a member of our team, you can do so here. To be the first to read about MANTRA, our product news, community updates and more, connect with us on Telegram, X, LinkedIn and Discord. We also recommend you visit our announcement page regularly.

gOM MANTRA Army. Yesterday, we announced our partnership with Nolus and the $OM integration to their lease long feature. Today, we’re sharing a thorough breakdown for those looking to learn how the platform works, and how you can use it to long $OM.

Please note, this article should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.

1. Swapping and Bridging Assets

The first step to long $OM is to to bridge assets in order to use Nolus dApp. You will need:

• Some $NLS to pay the gas fees.

• A minimum of $40 USD of USDC to lease long $OM

Please note that for the time being you can’t bridge $OM directly on Nolus.You will need USDC.You can do it directly on your Keplr. For that, you have to swap any asset for USDC on Nolus, and then for $NLS on Nolus.

An alternative is to go on Osmosis and buy $NLS and USDC.

Next, go to your Osmosis portfolio, click on the withdraw button, then, send your $NLS on Nolus.

Now, you can bridge your USDC. Head to Nolus dApp, click on asset, connect your wallet, and click on Transfer.

The base network on “Send” should be Osmosis. Look for USDC in the asset list, input at least 40 USDC (there is a minimum of $40 USD to lease long assets on Nolus), and click on receive.

Once your wallet is full of $NLS and USDC on Nolus, you’re ready. Click the Lease button and then Lease New.

Now, we’ll take a look at how you can go long on $OM on Nolus. Llease long works:

1. The asset you will use as collateral for the lease-long.

2. Amount of down payment: The amount of collateral you are depositing.

3. Asset to lease: The asset that you are lease-longing.

4. Position size: The amount of asset to lease that you will get. The higher the amount, the higher the liquidation price, and vice versa.

5. Borrow: Amount borrowed.

6. Interest: The monthly interest rate paid.

7. Liquidation trigger: Price at which the position will incur partial or full liquidation.

It’s important to note that this can result in the loss of your assets. It’s a debt that needs to be repaid with interest charged at a monthly rate.Once you’ve reviewed all the parameters, open the position. You’ve now just opened your first $OM lease long position. You’ll see it in just a few seconds.

From this page, you will be able to follow the price of $OM, see your PnL, the health of your loan, as well as the amount of debt and the interest due. Moreover, you can see the total amount of your long position and basic information about it.Repaying your lease debt allows you to fully settle the outstanding debt using USDC available in your wallet while keeping the entirety of your leased asset. This strategy allows you to fully claim the underlying asset.The Close feature provides a straightforward way to manage your lease repayments using only the assets within your lease position. This method eliminates the need for additional external assets, enabling a more efficient repayment process directly from your parked holdings.

You are all ready to long lease $OM on Nolus.

About MANTRA:
MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.

We’re thrilled to announce that Ledger has joined MANTRA as a Validator, strengthening our network security and further decentralizing our governance process.

MANTRA has also integrated with Ledger Live, allowing Ledger to support MANTRA Chain natively for all Ledger devices and enable users to manage and stake their $OM directly through the platform.

The MANTRA Mainnet launch in October 2024 marked a significant step in our journey towards becoming the preferred ledger of record for RWA tokenization. Validators play a crucial role in operating a blockchain, ensuring efficient and secure transactions, and upholding sound governance. The addition of Ledger to the MANTRA Chain validator set further enhances the network’s security and decentralization.

MANTRA has already onboarded prominent validators such as Google Cloud, Twinstake, and Hex Trust, demonstrating the growing confidence in MANTRA Chain and its commitment to building a robust and secure foundation for tokenized RWAs.

Enhancing Network Security for Users in the MANTRA Chain Ecosystem

Ledger, renowned for its hardware security devices like the Ledger Nano, brings solid security expertise to the MANTRA Chain validator set. This collaboration not only strengthens network security but also paves the way for additional integrations, leading to improved user experiences and enhanced security features within the MANTRA Chain ecosystem.

By joining the MANTRA Chain validator set, Ledger will contribute its security expertise and commitment to user trust in our growing ecosystem.

About Ledger Live

Ledger Live, Ledger’s superapp, empowers users to manage their digital assets with unparalleled security. By storing data directly on user devices, Ledger Live ensures that users maintain complete control over their crypto assets. This commitment to user security aligns perfectly with MANTRA’s vision of building a secure and trustworthy platform for RWA tokenization.

About MANTRA

MANTRA is a purpose-built Layer 1 blockchain for tokenized real-world assets, capable of adherence to real-world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.

The Layer 1 Blockchain for RWAs.

From Institutions to Individuals: Bringing Finance Onchain. $OM #HomeOfRWAs

Website | Twitter | LinkedIn | Discord

We’re thrilled to announce a strategic partnership with DAMAC Group to tokenize real-world assets (RWAs) in the Middle East. DAMAC Group is a leading real estate development conglomerate known for its diverse investment portfolio in the UAE.

This strategic alliance aims to rapidly fuel adoption of RWAs through fractional ownership and tokenization of real estate in the Middle East.

Expanding Traditional Real Estate Investment Horizons

Our collaboration with DAMAC Group will enable token-based financing for a diverse range of assets, spanning real estate, hospitality, data centers, and other critical sectors.

Amira Sajwani, Managing Director of Sales & Development at DAMAC, expressed enthusiasm for the partnership, stating, “DAMAC is always exploring new technologies to enhance our product offerings. Partnering with MANTRA is a natural extension of our commitment to innovation and forward-thinking solutions. Tokenizing our assets will provide investors with a secure, transparent, and convenient way to access a wide range of investment opportunities.”

We will focus our efforts within DAMAC Group’s extensive portfolio of companies with a minimum value of US$1 billion. Through this partnership, we seek to address traditional limitations in real estate investment and open up opportunities for investment in the Middle East’s property market.

Enhancing Investor Access and Convenience with Blockchain Technology

The DAMAC Group assets will be available in early 2025, exclusively on MANTRA Chain, marking a bold step in leveraging blockchain technology to bring greater transparency, security, and accessibility to DAMAC Group’s wide-ranging assets. This milestone partnership is yet another step towards MANTRA’s vision of becoming the preferred ledger of record for real-world assets.

John Patrick Mullin, CEO & Co-Founder of MANTRA stated, “This partnership with DAMAC Group is an endorsement for the RWA industry. We’re thrilled to partner with such a prestigious group of leaders that share our ambitions and see the incredible opportunities of bringing traditional financing opportunities onchain.”

The partnership between MANTRA and DAMAC Group represents a major step forward for the adoption of RWAs, expanding access to investment for all classes of investors.

We will combine our expertise in compliant asset tokenization with DAMAC Group’s track record in diversified investment as we seek to broaden the full potential of compliantly tokenized RWAs within the real estate industry.

About MANTRA

MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.

Website | Twitter | LinkedIn | Discord

About DAMAC Group

The DAMAC Group is the multi-billion-dollar business conglomerate of UAE based Hussain Sajwani. The Group’s investments are divided into seven core areas; real estate, capital markets, hotels & resorts, manufacturing, catering, high-end fashion and data centres.

Some of the Group’s most notable activities include DAMAC Properties, one of the region’s largest property developers, the acquisition of the Italian fashion house, Roberto Cavalli and luxury Swiss jewellery brand de GRISOGONO, the 50-storey development DAMAC Towers Nine Elms in London and a luxury resort in the Maldives.

In a bid to disrupt the global data centre landscape, the Group recently announced plans to build data centres through its digital infrastructure company, EDGNEX Data Centers by DAMAC, across different global locations.

Today, the Group’s global footprint extends across North America, Europe, Asia, Middle East and Africa. With its vision firmly set on growth and expansion, the Group continues in its quest for diversification and business excellence.

Visit their website: www.damacgroup.com

We’re thrilled to announce that we’ve partnered with Libre Capital, a UAE-headquartered financial instruments tokenization and issuance platform, to provide investors with onchain access to a diverse range of attractive investment opportunities.

Expanding Digital Asset Investment for Financial Stability

This partnership will provide those MANTRA users that are institutional or accredited investors with investment opportunities across a number of notable onchain funds, including leading hedge funds, private credit funds and money market funds.

The initiative underscores MANTRA’s commitment to leading the development of a comprehensive and diverse digital asset infrastructure, and strengthens MANTRA’s position in the growing digital asset spectrum within the financial services industry.

Dr. Avtar Sehra, CEO and founder of Libre, commented, “The launch of the Libre Gateway on MANTRA Chain is a huge step forward to enable access to wealth and treasury management tools for users on MANTRA, and for Libre to take advantage of MANTRA’s RWA-specific infrastructure.”

By leveraging Libre’s capabilities and MANTRA’s robust ecosystem, the partnership will facilitate the issuance of a tokenized Money Market Fund, and expand investment horizons for institutional and accredited investors seeking to diversify their portfolios within the digital asset landscape.

Democratizing Access to Alternative Investments

Libre operates backbone infrastructure that allows investors to access tokenized versions of real world assets such as money market funds, private credit and hedge funds and other alternative asset products on public blockchains.

John Patrick Mullin, CEO and Co-Founder of MANTRA stated, “We’re honored to be partnering with Libre to give users access to this caliber of funds. With the addition of protocols like the Libre Gateway, MANTRA can better equip users with a best-in-class collection of tools to continue to grow the real-world asset economy.”

Libre does this through the on-chain Libre Gateway DeFi dApps (decentralized applications) deployed on each public chain. This enables accredited, professional and institutional investors to directly access top-tier funds on MANTRA Chain in a fully compliant manner.

This partnership comes after the recent Mainnet launch, helping us bring RWAs onchain and marking a significant step in integrating traditional finance with blockchain technology.

For more information about MANTRA and access to the money market funds, visit mantrachain.io.

About MANTRA

MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real-world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability.

Website | Twitter | LinkedIn | Discord

We’re thrilled to announce a partnership with Google Cloud, adding Google as a primary validator and infrastructure provider for MANTRA Chain. Integrating Google Cloud services ensures we maintain an efficient, reliable, and secure blockchain infrastructure on the MANTRA Chain.

Our collaboration with Google Cloud sets a new benchmark in the growing trend of RWA blockchain leaders joining forces with established companies. It underscores the potential of these industry-wide efforts to help drive innovation within the real-world assets (RWA) space.

The collaboration will also extend into the recently launched Google Cloud Web3 Portal, where a testnet faucet for the MANTRA network will be created. This will allow developers to easily receive free OM testnet tokens and start building in the MANTRA ecosystem.

“Google Cloud is collaborating with MANTRA to accelerate the growth of the Web3 ecosystem by offering best-in-class tooling for building onchain,” said Richard Widmann, Head of Web3 Strategy, Google Cloud. “As MANTRA Chain’s cloud provider and a network validator, we’re providing the secure, scalable RPC and reliable infrastructure needed to empower developers and startups building on MANTRA.”

MANTRA and Google Cloud will also collaborate on an accelerator program for RWAs to encourage more development and innovation. The MANTRA Incubator, powered by Google Cloud, will award chosen projects with investment capital, dedicated startup support, resources, and mentoring from Web3 and AI experts. The program will be live in Q1 2025.

In addition, we have chosen BCW Group as our Google Cloud implementation partner. BCW is a Premier Partner for Google Cloud in the Sell Engagement Model, providing enterprises with dedicated Web3 and AI infrastructure solutions. The support from BCW further contributes to MANTRA’s stability and scalability.

CEO & Co-Founder John Patrick Mullin commented on the partnership: “Working alongside Google Cloud is a testament to MANTRA’s growth and development, as well as a mark of credibility for the real-world asset industry. We’re thrilled to be able to work with Google Cloud to ensure the Web3 community has access to the best technology available.”

MANTRA’s partnership with Google Cloud follows the recent Mainnet launch, marking a significant milestone in our journey towards integrating traditional finance with blockchain technology and bringing tokenized RWAs onchain.

For more information about MANTRA and the incubator program, visit mantrachain.io.

About MANTRA

MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real-world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability.

Website | Twitter | LinkedIn | Discord

We’re thrilled to announce the official launch of the MANTRA Mainnet, marking a significant step forward in our journey toward bringing real-world assets (RWAs) onchain.

As the purpose-built Layer 1 blockchain specifically designed to integrate traditional finance (TradFi) with blockchain technology, the MANTRA Chain Mainnet will accelerate our vision of becoming the preferred ledger of record for tokenized RWAs.

MANTRA Mainnet Core Features

The MANTRA Chain Mainnet will provide a customizable set of tools built with reliable network security and strict regulatory compliance at the core. The platform offers a comprehensive avenue to seamlessly onboard traditional finance, thus simplifying the process of bringing real-world assets onchain.

Users will be able to perform several important activities after launch, including:

• Bridge: Bridge $OM tokens from ERC-20 to MANTRA Mainnet coins to gain access to future RWA drops.
• Staking: Users can stake their $OM to validators to help secure the network and earn onchain staking rewards. $OM will form a crucial part of the RWA ledger.
• Earn KARMA by completing new missions on mainnet.

The Mainnet will remain in active development to ensure features are continually released. We seek to provide a platform where tokenized assets live natively onchain with full compliance, enabling individuals and institutions to unlock the potential of the real-world asset economy.

Building a Compliant Future for RWAs

John Patrick Mullin, CEO & Co-Founder of MANTRA, expressed his enthusiasm: “We’re thrilled to unveil our Mainnet and officially welcome the industries, partners, and projects that want to collaborate and build the future of RWAs together. As awareness and innovation continue to grow, together we’ll be able to further unlock what can be a multi-trillion dollar real-world asset economy.”

MANTRA has grown significantly over the last 18 months. While 2024 has been a landmark year for MANTRA, including strategic collaborations with UAE real estate giant MAG and Zand Bank, the launch of the Mainnet will open the door for significant movement in the RWA space.

Visit mantrachain.io to learn more about MANTRA, post-Mainnet plans, and the future of real-world assets in our ecosystem. Follow our X @MANTRA_Chain to stay updated on official announcements and further updates.

About MANTRA

MANTRA is a purpose-built Layer 1 blockchain for tokenized real-world assets, capable of adherence to real-world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.

Website | Twitter | LinkedIn | Discord

Hello Sherpas! Welcome to another monthly recap as we reflect on an exciting month with lots of activity culminating in several milestone achievements in the MANTRA ecosystem.

We witnessed significant progress across several fronts, from product updates and global conferences to community initiatives.

Let’s delve into the most notable events and key updates from MANTRA in September.

MANTRA Mainnet #OMtober Launch

MANTRA Mainnet will launch in October 2024, bringing us closer to our vision to become the preferred ledger of record for real-world assets. This milestone marks a significant step towards bringing traditional finance (TradFi) onchain and provides a new home for MANTRA’s native token, $OM.

The Mainnet will include key features such as verifiable network security and stability to mitigate counterparty risk, a trusted platform to deploy institutional capital onchain and a foundation for a globally accessible asset class toward unlocking the multi-trillion dollar real-world asset economy.

We are in the final phase before the Mainnet launch, dubbed DuKong.

Read more: www.mantrachain.io/resources/announcements/mantra-brings-real-world-assets-onchain-with-mainnet-launch

MANTRA Academy

We launched the MANTRA Academy to promote user education surrounding RWA tokenization concepts through in-depth tutorials and resources. Our latest community initiative will serve as a knowledge hub for everyone interested in exploring the chain architecture, security, and products in the MANTRA ecosystem.

Visit the Academy here to learn more: https://www.mantrachain.io/resources/academy.

Interview with CEO

• Our CEO & Co-Founder, John Patrick Mullin, announced #OMtober at MANTRA’s TOKEN2049 VIP event. Watch the announcement here: https://x.com/MANTRA_Chain/status/1837042554048512240.
• John participated in a panel session on “Tokenizing the World: Leveraging Blockchain Technology to Unlock New Market Opportunities” alongside industry leaders from Plume, Ondo, and Injective at Epoch Seoul 2024.
• John attended the PIP Seoul afterparty, which Story and MANTRA co-hosted as part of Korea Blockchain Week 2024.
• John attended the RWA Summit Singapore on September 17, delving into Solving for RWA utility and composability on DeFi alongside industry leaders from HashKey Group, Re, M^O, and Hashnote.
• Our CEO & Co-Founder joined the Cryptonews podcast to share deep insights into blockchain’s iPhone moment, why blockchain is the preferred ledger for eternal asset tokenization, #OMtober, and how MANTRA’s purpose-built Layer 1 blockchain will support compliant tokenization of real-world assets. Watch the full episode here: https://www.youtube.com/watch?v=U6BigUH7bYs.
• John Patrick Mullin joined the BlockHunters Voices podcast to share valuable insights into the future of RWA tokenization on MANTRA. Watch the episode here: https://youtu.be/vFH14lA5RPc?si=-T-jaSIAGrZS4Hnl.
• John shared valuable insights into Why Real World Assets Need a Purpose-Built Layer 1 at the Messari Mainnet 2024 event in New York on September 30.
• John will host the #OMtober Community Call on October 2 at 2 PM UTC to discuss the upcoming MANTRA Mainnet and other important updates for October, including event highlights, upcoming events, Chakra Pool Update, 50M $OM GenDrop, DuKong Live, and next plans for MANTRA. Set a reminder now: https://www.youtube.com/watch?v=i5_K7hDZ-Lo.

News, Features & Releases

We published a deep dive on What Is Asset Tokenization on the MANTRA Academy page. In the article, we explored current trends in asset tokenization, challenges, benefits, and how MANTRA will shape the future of digital assets through compliant tokenization.

X Spaces & Podcasts

Tokocrypto | September 26

Community Announcements

• MANTRA Head of Product Charu Pareek; Nicholas Krapels, CSO; André Ringdorfer, Product Specialist joined a YouTube live session on September 3 to discuss Technical Insights: Development Updates and Product Showcase. Catch the full replay here: https://www.youtube.com/watch?v=-ne_5bIwynw.
• MANTRA COO Peter Loo joined a panel hosted by Outlier Ventures on September 16 to discuss Beyond the Hype: Real World Assets alongside other industry experts from Plume Network, Ondo Finance, SC Ventures by Standard Chartered, and Input Output.
• MANTRA is a Platinum Sponsor for ETH Sofia. Read the official tweet here: https://x.com/ETHSofiaBG/status/1838926941241675865.

In September, we witnessed spectacular growth and expansion in the MANTRA ecosystem. We reached key milestones, released critical product development updates, and launched community engagement initiatives.

As we look ahead to #OMtober, an important month holding the MANTRA Mainnet launch date, we remain committed to building innovative RWA-focused products in our ecosystem and strengthening our Sherpas community. Thank you for your continued support and enthusiasm.

Follow our official accounts for timely updates on exciting announcements as we continue to work towards our vision of becoming the preferred ledger of record for compliant asset tokenization.

About MANTRA

MANTRA is a purpose-built Layer 1 blockchain for real world assets, capable of adherence to real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.

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