OM Token to Undergo 1-for-4 Token Swap and Rebrand to MANTRA

Valour Inc. is notifying holders that the Mantra (OM) token will undergo a 1:4 token swap and rebranding to MANTRA effective March 2, 2026 according to official notice.

The token swap and rebranding are non-dilutive, with no action required from holders, and the number of DEFT certificates will remain unchanged as reported.

The crypto market remains in a state of 'extreme fear' amid continued volatility, with several platforms shutting down, filing for bankruptcy, or announcing layoffs according to market analysis.

Valour Inc. is facilitating a non-dilutive token swap, redenomination, and rebranding of Mantra (OM) to MANTRA (MANTRA) at a ratio of 1:4, effective March 2, 2026. Holders of Valour's DEFT certificates will continue to hold the same number of certificates, and no action is required from them. The rebranding and token swap are designed to ensure that each holder's entitlement remains unchanged according to company documentation.

The transition will include a trading halt on March 2 and 3 to ensure orderly market conditions. The Certificates will be updated to reflect the successor digital asset after regulatory approvals are secured. The transformation event will not affect the size of each holder's entitlement under a Certificate as confirmed by the announcement.

The broader crypto market has remained in a state of 'extreme fear' since the mass liquidation event in October 2024. The total crypto market capitalization has dropped nearly 50%, with Bitcoin trading at 47% below its all-time high. The Crypto Fear & Greed Index remains at 8, a sign of deep uncertainty among investors according to market data.

What Happened with the MANTRA Token Rebranding?

Valour Inc. is implementing a token swap and rebranding for the Mantra token. The transformation event will occur on March 2, 2026, with the rebranding of OM to MANTRA at a 1:4 ratio. The underlying digital asset will be updated to reflect the new name, and the non-dilutive split will ensure that each holder's entitlement remains unchanged according to official notice.

The event is expected to be completed without any disruption to the number of DEFT certificates held by investors. No action is required from holders, and the Certificates will continue to represent the same entitlement in the new MANTRA token as stated in the announcement.

How is the Crypto Market Reacting to the Ongoing Downturn?

The crypto market has not recovered from the mass liquidation event in October 2024. Several major platforms have shut down, filed for bankruptcy, or announced layoffs as a result of the ongoing downturn. Kadena, DappRadar, Bit.com, OKX, Polygon Labs, and MANTRA are among the companies that have been affected according to industry reports.

The collapse of MANTRA's native token led to layoffs at the firm. January saw the closure of Rodeo, Entropy, and Nifty Gateway, while February brought the bankruptcy filings of NFN8 Group Inc. and Archblock. The ongoing market downturn continues to impact the entire crypto ecosystem, with investor sentiment remaining extremely cautious as detailed in market analysis.

Parsec, an onchain analytics platform, also shut down this month and is in the process of refunding and canceling active subscriptions. The platform had raised capital from major crypto investors and provided tools for tracking market activity according to platform reports.