JP Mullin (🕉, 🏘️)
@jp_mullin888
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🕉 Building THE L1 for Real World Assets @MANTRA_Chain 🏘️ 🕉 MANTRA & @SOMA_Finance Co-Founder 🌙 | $OM | $SOMA | ⚛️ | 🦥 | 😈| Likes/RTs != endorsement 🫡
Joined January 2018
A little over 4 years ago $OM got listed on @binance and today I woke up to our mainnet being integrated. It’s been a challenging month, but this is a testament to the resilience of our network, or community, our team, and our partners. 🕉️wards & upwards. Les F. Gohhh 🫡🕉️
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So I feel like with the current low float, high FDV meta going around here's my mandatory tweet about how >90% $OM supply is already distributed, but ALSO some thoughts on longevity, tokenomics and building for legacy vs pump and dumps. A thread 🧵👇.
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1) It was incredibly emotional to wake up this morning and see $OM hit a new ATH, but at the same time, I reflected on just how crazy the last few months have been for MANTRA, the sherpas, and honestly, just my life.
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It’s honestly an honor that I’m hearing investors are being approached and projects are saying that they’re doing a “MANTRA-style RWA pivot.” . As they say, imitation is the sincerest form of flattery. But there’s a lot more to unpack on our back story, so here’s a 🧵👇🏼🕉️.
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This year has been an absolute whirlwind, for both me and MANTRA. End of last year we were still struggling to raise $ and sitting outside the top 800 on CG. Today we’re on page 1. Heres some reflections on how MANTRA & I have had to take things to another level📈 . 🧵 👇🏼.
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🕉 The sum of 2024 is 8. This is OUR YEAR!. We have so much in store for the #MANTRA community and I can't wait to reveal all the details once they're finalised. But for now. here's a sneak peek at some of the exciting developments that lie ahead. 🧵Let's have a look:
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Sherpas, OMies, and broader crypto community,. First off, the team and I greatly appreciate the support that we have received over the past several hours, which we believe is a testament to the strong support MANTRA has among its investors and community. We have determined that.
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Guys let's get a couple things straight:. - The TG was not deleted. - The Team tokens all remain in custody, verifiable at this address - mantra1yejpacug78zuqkzwwuc94c0a2al4mz4yfqquam.- We are actively figuring out why these massive forced liquidations occurred and will provide.
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Guys, I've just woken up, and I'm getting the complete breakdown of what's going on. There was a massive forced liquidation from a large OM investor on a CEX. Still working on the details, but we are here, and we're fixing this. Thanks for the understanding. 🫡🕉️.
MANTRA community - we want to assure you that MANTRA is fundamentally strong. Today’s activity was triggered by reckless liquidations, not anything to do with the project. One thing we want to be clear on: this was not our team. We are looking into it and will share more details.
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1) A quick note to say how much I appreciate all the support the MANTRA team has received in the past 36+ hours. The support and kind words have come from many sources - from partners, investors, friends, and from the wider Web3 community. Thank you.
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The burn program details are in the final stages, and will be shared in the near future. Buyback program also well underway. We are working around the clock for the Sherpas/OMies. 🫡🕉️.
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The teams token allocation are actually vesting only starting in 2027, which is 30 months from mainnet launch (Oct. 24). I’m planning to burn all of my team tokens and when we turn it around the community and investors can decide if I have earned it back. 🫡🕉️.
I just watched Mantra co-founder JP Mulling's interview with Coinage (@jp_mullin888 @coinage_media ). It's important to see the team's commitment at this point and I'll be happy to see the same willingness in the coming months and years. My suggestion: a good decision to ratify.
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I’ll put in $25k+ to the stream tomorrow and give one of these badass tokenized bikes away to one of my OMies 🫡🕉️🏍️⚡️🐊. Let’s see who’s the lucky @OnchainOMies 🍀.
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Giveaway time, OMies! 🫡. Making good on my promise to my fellow OMies!. Remember my mint day pledge? Time to deliver - giving away 8 #OMies from my OMie janitorial duties 🫡🧹. Special thanks to @bgmaninnit for managing this campaign and ensuring fair winner selection for the.
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Sybil resistant airdrop coming 🔜. Bots gonna be mad. Sherpas/OMies gonna eat. Real builders gonna build. Choose your side.🫡🕉️.
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To the MANTRA community,. First and foremost, I want to acknowledge the impact of what happened two weeks ago. I understand many of you lost money. Some of you lost a lot of money. Your trust is everything to us, and we're working to rebuild it with a focus on doubling down on.
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To be 100% clear, I am stating that I am burning MY team tokens, and we will create a comprehensive burn program for other parts of the OM supply.
⚡️ NEW: Mantra CEO John Mullin plans to burn all of his team’s tokens in order to win back the trust of the network’s community following the sudden crash of $OM on April 13.
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This is a first step in rebuilding trust with the community, but far from the last. We will share more in the coming days about our plans to ensure alignment going forward. 🫡🕉️.
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On September 16, 2023 $OM was sitting at a mere $12.6M MC. It was roughly a month after having to restructure and layoff 50% of the team, and I was paying peoples salaries out of pocket. Honestly, things looked pretty fucking bleak, and I’m sure 99.9% of the crypto space
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▓▓▓▓▓▓▓▓▓ 100.00% 🫡🕉️.
Sorry, Intern… it’s actually… kek . ▓▓▓▓▓▓▓▓░ 99.888%. 🫡🕉️.
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By the way, just to show that I'm serious about this, I will take any Gendrop OM I'm due to receive and redistribute it to legitimate users via different methods/giveaways/etc. My wallet's public, so you can see how rewards were accumulated and how they will be distributed back
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Since the weekend incident, the team has worked together across departments and time zones to provide this fact-based assessment of the events. Here are the key facts and our further actions:. - There were no $OM sales by the MANTRA team during this period of market distress. -.
In response to the significant and unexpected downward price action experienced by the $OM token earlier this week, our team has compiled this fact-based assessment. It addresses our community’s questions and outlines measures to strengthen market resilience. Our investigation
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I'm very thankful to have long-term-minded investors who believe in what we're building at MANTRA, even during these incredibly tough times. It's refreshing to see investors actively reaching out, to extend their vesting periods to support the project for the long haul. 🫡🕉️.
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RWA memecoins are officially a thing now. LFG. A meme that actually accrues real world value… who would’ve thunk? 🫡🕉️🔥. #NFA.
hOMies, $BIKE made history with first token launch on MANTRA via #StreamSwap . A whopping $748k+ in $OM & $USDC deposited against 47.61B $BIKE 🏍️💨:. $BIKE 23.805B - 379.26k $USDC subscribed.$BIKE 23.805B - 46.69k $OM subscribed. Thanks for the high-octane participation fam. 🕒
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I seriously couldn't be happier for our community (OG sherpas & new OMies), our supporters, our team, and everyone who believed in what we are building. For those who faded us and became converts, thank you. For those who keep fading us, we will always keep our door and.
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Prediction: The projects that build on MANTRA during this cycle will create the next generation of RWA blue chips. Not just because of our tech, but because we're directly plugged into institutions. Distribution networks > TPS. 🫡🕉️.
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GM BM LM, so apparently, 17K of you found the checker link. I'm honestly impressed. LFG Sherpas. The link you found is the RIGHT one, BUT the data in it was dummy data, and the actual data hasn't been uploaded yet. Checker is coming soon (big week this week). but please
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This has been in the works for nearly 3 years. A world first approval that underpins our commitment to a compliant-approach to digital assets & RWAs. This is what happens when you build for multiple cycles. It’s a testament to our team’s hard work, the commitment to not cutting.
Beyond thrilled to share, we have successfully obtained the FIRST DeFi license from @varadubai 🇦🇪 to operate as a Virtual Asset Exchange, and offer Broker-Dealer, Management and Investment Services. 🕉️ It’s a milestone not just for #MANTRA and a key step in our journey towards
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Greatest comeback in crypto history. LETS FUCKING GOOOOO SHERPAS! You deserve this! 🫡🕉️❤️.
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Unpopular opinion:.A good airdrop should piss off the wrong people. If everyone's happy, you're probably rewarding the wrong behavior. Building for 5 years, not 5 minutes 🫡🕉️.
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GM BM LM MM Sherpas, my apologies for not saying something earlier. I know people are eager (maybe a bit more than eager) to know "wen claim" and they deserve more transparent communication. The stakes are high, and we have to get this right. By the end of the week, I'll come.
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1) GM BM LM MM SM (Sherpa Morning) 🫡. As mentioned earlier this week, I have been reflecting on and reviewing all that’s happened over the past years building, MANTRA and what’s led us to success this year. In a nutshell, making the hard decision, even when it wasn’t always.
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Real users, Sherpas & OM holders 🫡🕉️✅. Sybil’s & bots 👎🏼🚫🤖.
For the latest on our recent sybil investigations ahead of the upcoming $OM GenDrop, we invite you to read this. They were conducted to ensure those who’ve contributed to #MANTRA’s growth to date and supported our work in bringing the world’s financial ecosystem onchain - are
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By the way, just a warning. but if we see more sybil activity post 10% airdrop. You know what that means. 🫡🕉️🚫🤖👊.
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Lots of shade, hate, FUD, and subtweeting on the TL these days. Don’t worry, I see it all, and I keep the receipts. Execution is all that matters, so thanks for the extra motivation. Not that I need it. Make sure to keep that energy irl. 🫡🕉️.
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- Mainnet exchange integrations.- RWA TVL.- Verified users (DID).- Stablecoin liquidity.- RWA dApps.- DevEx.- Ecosystem culture. This is what I’m hyper-focused on for the next 6 months🫡🕉️
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90% of the circulating supply was never in the teams control, as more than 91% of the circulating supply has been issued on Ethereum and has been in circulation for nearly 5 years. Facts > FUD.
If you want to know where the original supply of 888,888,888 $OM issued on Ethereum are at any given moment, you can now visit our Token Dashboard. 🫡🕉️
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Sticks & stones may break my bones, but words will never hurt me. But for real, keep my family, friends, and team out of your mouth.
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Actually, fuck it. I'll confirm we will put some allocation towards OMies. I don't know how much yet, and DO NOT expect even close to the entire Sybil. but it will show that OMies always show up and will be meaningful enough. LFG. 🫡🕉️.
Urgent alpha: . Multiple sources indicate that staked @OnchainOMies will be included in the $OM Gendrop or another type of rewards system. The first Omies DAO vote is happening in a few hours. Refer to the official accounts for more info about staking and the DAO vote.
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Everyone who pulled me aside at Consensus with a "you changed my life" story - I truly appreciate you. Not here for vanity metrics or clout. Building this for the long-term believers who saw the vision before everyone else. The OGs know: we're just getting started. 🫡🕉️.
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My literal nightmare is no WiFi on long haul flights 😭. See you in Seoul… 😂🇫🇷✌🏼.
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I get the farmers aren’t pleased, I get the airdrop info gatherers are annoyed, I get the people who wanted free money aren’t happy… but tbh this isn’t for you. This is for our OM token/coin holders and I’ll do what I need to do to support that. Sherpas/OMies, I gotchu 🫡🕉️❤️.
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In the past week. - $OM was born.- @MANTRADAO partnered with @AlamedaResearch .- $OM was listed on 8+ exchanges .- Got accepted into the @ParityTech Substrate Builders Program.- Had our first real FUD attempt.- And I got married ☺️. What a week 😅.
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Tokenization will be blockchains “iPhone moment”. 🫡🕉️.
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By the way, just to drop a stat… there were 80K wallets who never linked from EVM to mainnet. That was nearly 25% of the total eligible amount who simply didn’t follow the basic instructions required to claim later on….
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Over the past few days after stating I’ll burn all my teams tokens, I had a lot of feed back from community, investors, etc. The whole point is that this is meant to be for the community, so would be good to get a temperature check of people’s thoughts how to implement this.
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Last week, our team identified multiple fraudulent accounts during our sybil investigations. A few hours ago, a breakdown of the methodology was published. Now, I’m sharing our governance proposal. Voting is open for 48 hours. As many of you predicted, the GenDrop will be.
🕉️Today, we are sharing a further breakdown of the methodology our recent sybil investigation employed. We’ve answered additional questions we received, and have also provided a further update on the upcoming $OM GenDrop. We would like to thank all who have assisted to date.
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6) After this post-mortem report is released, we will share additional information on an $OM token buyback program as well as an $OM supply burn program to reinstall trust in the market and show our commitment to $OM/MANTRA in the long-term.
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Good to see the market waking up to MANTRA being an L1, and not just any L1, but THE L1 for #RWAs 🫡🕉️.
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Big week next week. 🫡🕉️.
BWNW.
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I had a call tonight with an RWA issuer who said that talking to a generic L1 was like talking to the digital assets team at a bank. You may have the ear of someone interested, but it's just one part of the overall picture. This is why you need a purpose-built RWA L1. 🫡🕉️.
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By the way, love me or hate me… I’m going to be unapologetically myself on X. What you see here is what you get in real life. Appreciate those that vibe with it, and respect others that don’t. I’m not trying to be everyone’s cup of tea. 🫡🕉️.
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Not running, not hiding. Working around the clock with the team to fix this. 🫡🕉️.
I've known @jp_mullin888 for almost a decade now . When he asked me to get involved in the @MANTRA_Chain mission I did because I believe in RWAs but more importantly I did because I believe in him. You can scream scammer all you want. I have watched him take this head on 24/7.
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Interesting finding… people are reporting MANTRA addresses as “proof” that they were wronged by the Sybil reduction, but the addresses aren’t even in the original or the excluded list…. Don’t believe everything you see on social media & CT. 🫡🕉️.
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I’m totally overwhelmed by all the messages of support. Will get to all of them, but please bear with me. Thank you all from the bottom of my heart. SHSH🫡🕉️❤️.
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Guys I honestly don’t have words for how insane and how crazy this is. The market is finally taking notice of what we’re building and our potential. But I say with the utmost seriousness, and reverence, we have just started on our journey to bring RWA to the world. I’m so.
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Woke up, put $70M of luxury Dubai villas onchain. MOAR. LFG.🫡🕉️.
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Sherpas eating today! Love you guys! Les Gohhhhh🫡🕉️❤️.
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Honestly guys, I know you’re not pleased with the vesting. I’m happy to accept that there’s risk in this decision. I fundamentally, and deeply believe this is the right decision for the future of MANTRA & 🕉️. But please don’t sling hate at our moderators, our community, and our.
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Sorry, Intern… it’s actually… kek . ▓▓▓▓▓▓▓▓░ 99.888%. 🫡🕉️.
Mainnet Loading . ▓▓▓▓▓▓▓▓░ 99.999%.
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Just a friendly reminder, but if you paperhand your OMie trying to game a snapshot, you’re NOT getting the full gendrop allo. 🫡🕉️✌🏼.
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I smell an $OM exchange listing (or two 😉) coming up this week! 🕉🙌🏼.
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$OM mainnet exchange listings = early Xmas present for sherpas! 🫡🕉️🎄🎅.
New Listing - $OM @MANTRA_Chain. 🔹Pair: OM/USDT.🔹Deposit available: now.🔹Trading available: Dec 5, 10:00 AM (UTC). ✨#Bitget will support MANTRA mainnet deposits & withdrawals!.🍬 20,000 $OM are up for grabs on Candybomb!. Details:
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Q1 was big for MANTRA, Q2 will be even bigger. Les Gohhhh🫡🕉️.
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Today at @token2049 I sat down with @HenriArslanian to discuss the work our team has done in the past two weeks to develop and execute concrete solutions that will rebuild trust within the MANTRA community. Thanks to all who were there and came to listen. For those who weren’t.
For the past two weeks, our team has worked to develop and execute concrete solutions that will rebuild trust within the MANTRA community. Today, @jp_mullin888 shared our progress and upcoming actions onstage at TOKEN2049 in Dubai with @HenriArslanian. We’re sharing them here for
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After hundreds of institutional meetings:. They don't want a story about what you'll build. They want proof of what you've built. That's why we focus on shipping. 🫡🕉️.
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It’s not my job to worry about drama. It’s my job to do what’s best for real users and our token holders. I take that shit VERY seriously. Hate on me all you want, Sherpas/OMies are here to stay. 🕉️wards & upwards. 🫡.
bruh the $OM airdrop drama is exhausting damn. everytime same thing, it feels like a war zone atp. just want it all to be over fr fr.
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I didn't tweet for like 2 days since I was under the weather, and community started freaking out like I had gone missing or something haha. Don't worry, I'm all good and back in full health. Ready to rock Q2 and my 33rd trip around the sun. Les Gohhhh! 🫡🕉️.
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The conference mood is different when people are excited about what you built instead of just what you promise to build. We don't need to convince anyone anymore. The infrastructure speaks for itself. It's go time. 🫡 🕉️.
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First, you got mad cuz I kept sweeping. Then you trolled me for not. Well, I'm not here to make everyone happy. I'm here to play my role: #1 OMie Janitor. You paper hands keep selling me your OMies too cheap. Keep em coming. 🫡🕉️🧹
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“I want us to have $100 billion in RWA TVL by the end of 2026. We’re literally teaching one person at a time how to do things onchain, which is pretty slow, but we’re bringing in new money, new capital, and new users who have never done it before.“. 🫡🕉️.
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Sherpas/OMies, we’re aware of an issue with the circulating supply being improperly reflected on @CoinMarketCap & @coingecko. This has caused our marketcap ranking to decrease significantly, and incorrectly. We’re looking into this issue and will remedy the situation ASAP.
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It's greater than 70 🕉️ by the way. .
Anyone else thinking @OnchainOMies trading at floor price (~$465) are low-key being given away for free?. I expect each OMie to receive at least 70 $OM airdrop, along with a bunch of other airdrops and WLs. @jp_mullin888 has hinted at airdropping tokenized fractional 🏠. 👀
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Fudders saying OM is getting delisted from exchanges… my brother in Christ, if anything we’re getting more integrated, not less. 🫡🕉️.
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RWA TVL in a league of its own. Wait until this is actually recognized on your favorite data provider, anon. 🫡🕉️
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Institutions don't care about your TPS. They care about your relationships. They care about your regulatory compliance. They care about your real-world partners. Sherpas know we've been building exactly this foundation for nearly 5 years. Now it's paying off. 🫡🕉️.
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What’s the #1 exchange you want mainnet $OM integrated with? Drop your fav in the comments 🫡🕉️.
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The fact of the matter is there is still SOOO many people who have no clue about MANTRA, 🕉️, and what we’re building. US market, basically untouched. Korean market, basically untouched. It’s my job to make sure the whole world knows about 1 🕉️= 1🏡. Les F. Gohhh 🫡🕉️. #NFA.
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Hated > loved > hated… in 3 months. Part of the game. 🫡🕉️❤️✌🏼.
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