MANTRA Faces Community Backlash Over Alleged Scam

The crypto community is in an uproar over what many are calling the biggest scam in recent memory—MANTRA ($OM). A wave of frustration has swept through social media, with accusations of mismanagement, broken promises, and a blatant disregard for the community’s trust.

The Galxe Airdrop Controversy

At the center of the outrage is the Galxe airdrop debacle. MANTRA required users to bridge their $OM tokens to qualify for Galxe rewards, a process that cost approximately $40 per user in transaction fees. However, when the time came for the airdrop, a staggering 70% of participants were declared ineligible—rendering their bridging efforts and costs entirely worthless.

This revelation sparked outrage, as many felt manipulated into bridging their assets under false pretenses. The eligibility requirements were changed post-facto, leading to accusations that the project had intentionally misled its community to generate fees and activity for the network.

Moving the Goalposts: Unfair Unlocks

Beyond the airdrop controversy, community members are also infuriated by MANTRA’s handling of token unlocks. Initially, users were promised a 10% unlock, but with a new eligibility checker in place, even loyal community members found themselves disqualified. The remaining 90% of locked tokens were already deemed insignificant by many investors, leaving them with practically nothing. This move has been seen as a clear breach of trust, further fueling the community’s anger.

Is MANTRA ($OM) Truly Decentralized?

Critics argue that this latest fiasco is proof that $OM is a centralized token, with the team wielding full control over unlocks, eligibility, and key decision-making processes. The handling of the airdrop has raised concerns about manipulation, and some are even questioning whether MANTRA ever intended to fairly reward its loyal supporters.

Community Outrage and Calls for Delisting

The backlash has been swift and severe, with many calling for $OM to be delisted from exchanges. Accusations of fraud, deception, and mismanagement have taken center stage, with users expressing disillusionment and rage at the project’s leadership. Many are directing their anger at @jp_mullin888, one of the key figures behind MANTRA, blaming him for the fiasco and questioning his credibility.

One particularly scathing critique from an ex-supporter sums up the sentiment:

“The community’s rage is real: I’m no longer part of this project, and I know MILLIONS of users feel the same.”

The community has even gone as far as predicting the downfall of MANTRA ($OM), believing that karma will catch up with the team responsible.

What’s Next for MANTRA?

With trust at an all-time low and calls for delisting gaining momentum, the future of MANTRA hangs in the balance. The project’s reputation has taken a massive hit, and investor confidence has been shattered. Whether the team will respond with meaningful action remains to be seen, but for many, the damage appears to be irreparable.