Dear Phemex Users,

According to MANTRA’s official announcements, the current OM tokens will undergo a token swap and rebranding to MANTRA based on the timeline starting from February 24, 2026. Phemex will support the token swap and rebranding of MANTRA (OM).

The swap ratio and details are as follows:

• Phemex will recover all old OM tokens and begin the conversion to the new MANTRA tokens at a ratio of 1 OM = 4 MANTRA.

• Delisting & Deposit/Withdrawal Closure: Phemex will suspend OM/USDT spot trading and close OM deposits and withdrawals at 06:00 UTC on February 24, 2026.

• New Token Listing: The MANTRA/USDT spot trading pair is scheduled to open at 08:10 UTC on March 4, 2026.

• Snapshot & Conversion: Users holding OM tokens at the time of delisting (06:00 UTC on February 24, 2026) will have their tokens swapped for the new MANTRA tokens. Any OM tokens deposited after this time will not be included in the swap arrangement on Phemex.

Please note:

• After 06:00 UTC on February 24, 2026, Phemex will no longer support deposits of the old OM tokens. Please do not make such deposits to avoid potential asset loss.

• All active OM/USDT spot orders will be automatically canceled after the delisting time.

• For further details regarding the brand upgrade, please refer to the official announcement from the project team.

We understand this change may cause some inconvenience and sincerely apologize for any disruption caused. We are committed to ensuring a smooth swap process and will provide timely updates as needed.

The Phemex Team