$OM As of February 2026, MANTRA (OM) is undergoing its most significant transformation since its inception in 2020. The project has shifted from a DeFi DAO to a specialized Layer 1 blockchain focused on the Real-World Asset (RWA) sector
1. The 2026 Rebranding and Token Split
The most critical event currently unfolding is the transition from
$OM to the new ticker $MANTRA.
Token Split: A 1:4 non-dilutive split is scheduled for March 2, 2026. For every 1 OM held, investors will receive 4 MANTRA tokens.
Unified Chain: This move officially moves the project away from its legacy as an ERC-20 token on Ethereum to its own native Cosmos-based blockchain.
Action Required: If you hold OM on centralized exchanges (CEXs) like Binance, the swap is usually automatic. However, users holding on EVM wallets (Metamask, etc.) had a migration deadline of January 15, 2026, to avoid liquidity issues.
2. Market Performance & Valuation
After a massive rally in 2024 and early 2025 driven by the RWA narrative, the token has cooled significantly.
Current Price:
Approximately $0.046 (as of Feb 13, 2026).
Market Cap:
Roughly $55 million, ranking it around #417 in the total crypto market.
Sentiment:
The market is currently "cautiously bullish" but characterized by Extreme Fear in technical indicators, likely due to the complexity of the ongoing migration and broader market volatility.
3. Core Value Proposition:
The "RWA Hub"
MANTRA isn't trying to compete with Solana or Ethereum on speed. Instead, its "moat" is Compliance:
Regulatory Focus: It holds a VASP license from Dubai’s VARA, allowing it to legally tokenize real estate, gold, and treasury bonds.
Institutional Readiness:
The chain includes built-in KYC (Know Your Customer) and AML (Anti-Money Laundering) modules at the protocol level, making it attractive to traditional banks.
Real Products:
Initial 2026 offerings include tokenized e-bike fleets in Dubai and yield-bearing products backed by real-world property.
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