- OM token migration to MANTRA mainnet begins Dec 22; users must act to secure 1:4 token conversion.
- Margin, futures, and spot OM trading will be suspended in stages; pending orders will be canceled.
- Users under KYC Level 2 or with holdings below 10 OM are excluded from the migration process.
Crypto users face critical action as OKX prepares for the OM token migration to MANTRA mainnet. The exchange will suspend OM transfers, deposits, and withdrawals starting at 03:00 UTC on December 22, 2025, ahead of the migration process.
This migration aligns with MantraDAO’s official Proposal 17 and Proposal 26, enabling a 1:4 conversion of OM tokens to MANTRA. Consequently, all users must act to ensure proper credit for the upcoming token split.
JP Mullin, addressing OKX publicly, emphasized transparency for the MANTRA community. He requested confirmation of both the number of OM tokens OKX plans to migrate and the total OM tokens held on the exchange.
Mullin noted, “OM tokens believed to be in possession of OKX are subject to ongoing litigation proceedings alleging potential misconduct,” urging careful handling before any transactions. Besides, MANTRA confirmed that users should move OM from $OSMO to the MANTRA mainnet ahead of the mid-January 4:1 split upgrade.
Migration Schedule and Trading Impacts
OKX outlined a detailed schedule for the transition. Margin trading and loans involving OM will cease gradually. Borrowing features stopped on December 5, and OM/USDT margin trading suspensions occurred between December 8–10.
Futures trading for OMUSDT will end on December 15, while spot trading suspensions follow on December 19 and December 22 for specific pairs. Consequently, all pending orders will be canceled, and users relying on trading bots must intervene manually to prevent fees or slippage.
Deposits, withdrawals, and transfers will pause at 03:00 UTC on December 22, followed by a snapshot and migration period from 03:00 UTC, December 22, to 10:00 UTC, December 25.
Additionally, holdings under 10 OM and incomplete deposits will be excluded. Users must maintain KYC Level 2 or higher to process token migrations. Moreover, OKX highlighted potential delays due to coordination needs, despite striving to adhere to the planned timeline.
