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MANTRA: Over 120,000 wallets have been disqualified from GenDrop eligibility out of 217,000 wallets

MANTRA: Over 120,000 wallets have been disqualified from GenDrop eligibility out of 217,000 wallets

Bitget2025/03/18 06:52

On March 18th, Layer1 blockchain MANTRA, which focuses on RWA assets, stated in its official blog that the results of a sybil investigation showed that out of 217,351 wallets, 123,195 have been disqualified; due to failure to bridge and associate their mainnet wallet addresses, there are still 80,000 unallocated wallets. As a reward for discovering activities related to bots involving 1,066,480 OM tokens ,29 community members were allocated with 106648 OM tokens for providing high-quality and effective witch reports. To ensure legitimate participants receive their GenDrop quota,the self-reports that could not be reliably verified for accuracy have been invalidated; therefore according to the proposal ,26 ,942144 OM will be reserved for destruction.

Next,a governance proposal will be shared where the community can vote on the future of these OMs. Last December news reported that MANTRA's new proposal suggested updating OM token economics including reducing chain inflation rate down to three percent.

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