MANTRA Reaches New All-Time High for OM Token Driven by Anticipation of Major OM Token Giveaway Event

MANTRA, a layer-1 blockchain platform specializing in real-world asset (RWA) tokenizations, has reached a new all-time high for its OM token.

Layer-1 blockchain platform MANTRA, which specializes in real-world asset (RWA) tokenizations, has seen its OM token hit a new all-time high.

This surge is driven by the anticipation of a major OM token giveaway event, which has captured significant attention from investors and participants.

MANTRA, known for its strategic partnerships and initiatives in the crypto space, announced Season 2 of the MANTRA 50 million OM GenDrop, set to begin on July 17. This program invites participants to join MANTRA.ZONE and complete tasks on the Galxe project page to earn OM tokens.

Early participants on MANTRA.ZONE will receive exclusive rewards. To ensure fair competition, the team will take a snapshot of the Season 1 leaderboard on Galxe in 48 hours to determine the standings of early participants.

This competitive environment in MANTRA’s testnet, Hongbai, promises substantial rewards, with 50 million OM tokens up for grabs, priced at $0.7 per token. Following this announcement, OM, MANTRA’s native token, saw its value soar, reaching a new all-time high of $1.31.

As of now, OM's price has surged by 16.5% in the last 24 hours. The price of OM against Bitcoin (BTC) also experienced a notable increase. OM/BTC has surged by 12.8% during the same period.

Prominent crypto analysts have been keeping an eye on OM's price performance, with pseudonymous analyst Crypto Tony sharing his insights on the price action.

“I am long as of $1.05 as had shared previously. Nice moves from the bulls here,” wrote Tony on X.

MANTRA's broader growth trajectory can be attributed to its strategic partnerships, such as the one announced earlier in July with MAG, a real estate developer in the United Arab Emirates (UAE). Both companies will tokenize $500 million in real estate through the partnership.

This venture aims to provide secure, high-yield investments and drive innovation in the real estate investment sector through tokenization.

Looking ahead, MANTRA will expand its focus on the UAE and Asian markets, given their crypto-friendly regulatory environments. A MANTRA spokesperson highlighted the company's aim to revolutionize various industries through tokenization.

“Tokenization and the efficiencies it will create are going to be seen in the most varied and, dare I say, unlikely of places. Many industries are going to be changed forever,” the spokesperson told BeInCrypto.

MANTRA's recent success aligns with broader industry trends, as a June report by McKinsey forecasts that the tokenized financial assets market could reach $2 trillion by 2030, driven by cash and deposits, bonds, mutual funds, and securitizations.

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