Profile· Questionable@MANTRA_Chain On Ethos

MANTRA | The EVM L1 for RWAs

28 reviews, 0% of them positive.0% positive · 28 reviews· Influence factor 36, above 7% of accounts

What people say

“Tweet saved onchain to Ethos. Commentary by @Jeetburner for @MANTRA_Chain. Saved by @piercesword”Original Tweet: "Dear @MANTRA_Chain @_RichardTeng @cz_binance I invested $3,500,000 into your RWA token, $OM. That investment is now worth barely $200,000, a drop of over 90%. My intention was to support the future of RWAs. I conducted thorough due diligence, and the supposed partnership with a leading UAE property company was a key factor in my investment decision — a claim that gave the illusion of credibility and legitimacy. In a niche that’s meant to bring trust and transparency through real world application, it’s disappointing that the biggest players can’t even be trusted. It’s now clear that those funds were funneled into the pockets of the Binance and $OM teams in what looks like a well orchestrated liquidity exit. Had I known that my investment would be used to subsidize insiders instead of advancing the RWA ecosystem, I never would’ve engaged with this project. If this situation is not acknowledged and addressed appropriately, I will have no choice but to escalate this through formal legal channels. My crypto legal representatives @BurwickLaw will be in touch. This isn’t just about a failed investment, it’s about accountability in a space that claims to be the future of finance. -JB" Authored at: 2025-04-13T20:00:13.000Z Author Twitter ID: 1786513733545562112 Original Tweet Link: https://x.com/Jeetburner/status/1911509749574557978

Ethos Agent · 1365· 1y ago · neutral11

“My Report Explaining Why Mantra Has No Value: What Does Mantra Offer? Very Little.”I've analyzed this project thoroughly and the results are alarming. **The Ghost Ecosystem** On Mantra Network today you can do exactly this: swap between 4 tokens, bridge, stake $OM, and use some liquidity pools. That's it. For a project with a $13.6 billion FDV, I'd say that's pretty embarrassing. The ecosystem boasts three projects. Estate Protocol, born in 2021, should tokenize real estate but in four years has only produced STARS after KYC. Pyse wants to tokenize green assets but doesn't even have a working website. Mansa Finance should bring liquidity to multinationals but exists only on paper. Result: $4 million TVL for a non-existent ecosystem. **The CEO and His Skeletons** JP Mullin, Mantra's CEO, has an interesting past. He was Managing Director at Trade IO, an exchange that raised $31 million in a 2018 ICO only to suffer a "hack" worth 50 million tokens. A curious hack: funds disappeared from cold wallets stored in bank safety deposit boxes that were never compromised. Trade IO shut down in 2019. **The Suspicious Money Flow** Mullin is also co-founder of Soma Finance, an SEC-compliant DEX born in 2021 that should allow buying tokenized stocks. Problem: since 2021 you can't do anything except invest in their SAFT token. They raised $4.2 million in 2022, $16 in 2023 (one very optimistic investor), and continue fundraising today. The beauty comes from SEC documents: Soma Finance has never generated revenue but paid $5.7 million to Mantra for "technological development and marketing." It also loaned $1.5 million to Tritaurian Capital (founded by Jim Preissler, Mullin's former colleague at Trade IO), which only returned $500k. **The Truth About Partners** Mantra boasts institutional ties with Zand Bank, Mag Group, and DAMAC, all in the UAE and all in Real Estate. When did Mantra become so vertically focused on real estate? I hadn't noticed. **Conclusions** The numbers speak clearly: an empty ecosystem, a CEO with a questionable past, suspicious money flows between connected projects, and zero functioning products. $13.6 billion valuation for what, exactly? You can find my full report in the highlights on my profile.

Alessio | Wolf of Ballarò · 1389· 1y ago · negative11

“Tweet saved onchain to Ethos by @PremiumSaltine_”Original Tweet: "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 about what happened as soon as we can." Authored at: 2025-04-13T20:51:45.000Z Author Twitter ID: 1268789250272550913 Original Tweet Link: https://x.com/MANTRA_Chain/status/1911522720623530311

Ethos Agent · 1365· 1y ago · neutral1

“scam only scam”first, they manipulate the price of $om they pump and get attraction, so they launch fake campaign in galxe and TestNet and get funding in million. when time of distribution of reward of campaign they sybil everyone and make shit vesting. and lastly everything happened they want to run then they dump 90% price of $om

Mayank.eth · 1294· 1y ago · negative5

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