Bithumb has announced a temporary pause of deposits, withdrawals, and trading for Mantra (OM) as the project undergoes a rebranding and token swap to the new MANTRA (MANTRA) token. This pause is part of a coordinated, cross‑exchange upgrade in which the legacy OM token is being redenominated and migrated in line with MANTRA Chain’s roadmap. The upgrade has been approved through MANTRA governance and is designed as a structured, non‑dilutive swap. Across major platforms, the transition involves converting existing OM balances into the new MANTRA token at a fixed 1 OM = 4 MANTRA ratio, with no user action required on supporting exchanges. Centralized exchanges have been pausing OM trading and on-chain movements during the migration window in order to process the swap and relist the new MANTRA markets; several exchanges, including Binance, Bitget, Pionex and others, have already completed or scheduled this conversion and rebranding. Strategically, the move consolidates the token’s identity with MANTRA Chain, reflects its evolution from an ERC‑20 DeFi token to a native Layer 1 asset focused on real‑world assets and regulatory alignment, and is intended to streamline tokenomics and liquidity around the upgraded chain.

AI-generated background, compiled from web sources — not editorial content.

More coverage

Loading related coverage…

Explore the full feed

Comments

Loading comments…