Overview of MANTRA (OM)
MANTRA (OM) is a decentralized protocol designed to promote and enable the growth of community-driven initiatives. It aims to create a democratic ecosystem where users can stake, govern, and connect with various products and services that enhance their crypto experience. As of 2025, it has maintained its presence on popular exchanges like Binance, allowing investors to trade OM on multiple networks.
Important Announcement from Binance
On September 14, 2025, Binance released a significant announcement regarding the support for MANTRA (OM). Beginning September 26, 2025, at 03:00 (UTC), Binance will cease support for deposits and withdrawals of OM on specific networks. This announcement affects users who utilize Ethereum (ERC20) and BNB Smart Chain (BEP20) for transactions.
Details of the Change
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Deposits Ceased:
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Effective September 26, 2025, deposits of MANTRA (OM) through Ethereum (ERC20) will not be credited.
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Withdrawals Ceased:
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Withdrawals of MANTRA (OM) via BNB Smart Chain (BEP20) and Ethereum (ERC20) will also be disabled from the same date and time.
Impact on Users
- As a precaution, users are advised against sending deposits through the aforementioned networks post-deadline, to prevent potential asset loss.
- However, deposits and withdrawals via other supported networks remain unaffected.
Community Response
The crypto community has expressed mixed feelings about Binance’s decision. While some users appreciate the clarity regarding asset management, others have voiced concerns over the limited options for transactions related to MANTRA (OM). Stakeholders are urged to stay informed of these changes and prepare for an evolving trading landscape.
Managing Your MANTRA (OM)
To continue trading or utilizing MANTRA (OM), users should ensure they are familiar with the supported networks for deposits and withdrawals. Potential steps include:
- Identify Alternative Networks: Look for other networks that support OM transactions and familiarize yourself with using them.
- Stay Updated: Follow Binance and MANTRA’s official channels for the latest announcements and updates.
Conclusion
As Binance ceases support for certain transactions regarding MANTRA (OM), users must navigate these changes proactively. It is crucial to keep track of the trading environment and maintain awareness of the networks available for future transactions.
By managing your investments wisely, you can minimize risks associated with this transition in Binance’s support.