MANTRA($OM) CEO JP Mullin Announces Burn & Buyback Programs for OM Token
In a recent tweet that energized the MANTRA community, CEO JP Mullin announced exciting updates regarding the platformâs ongoing initiatives to strengthen the OM token.
According to Mullin, the burn programâa strategy to permanently remove tokens from circulationâis in its final stages. This move is often seen as a bullish indicator, as reducing supply can lead to increased token value over time. The details of the burn initiative are expected to be released shortly.
Simultaneously, Mullin confirmed that a buyback program is already in motion. Buybacks involve the repurchase of tokens from the open market, signaling confidence in the project's fundamentals and providing potential support for the token's price.
Mullin also expressed his appreciation for the MANTRA community, stating, âWe are working around the clock for the Sherpas/OMies,â referencing the loyal supporters of the OM ecosystem.
These developments point to a focused and active roadmap aimed at enhancing value for long-term holders and strengthening MANTRAâs role in the real-world asset (RWA) tokenization space.
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