Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!