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đ±đ„Mantra CEO Burns 150M Tokens to Rebuild Trust After Price Crashââ
John Patrick Mullin, CEO of Mantra, has initiated the burn of 150 million OM tokens from his personal allocation to address a sharp decline in the tokenâs price and restore investor confidence. This move, part of Mantraâs broader âOM Token Support Plan,â will reduce the total token supply from 1.82 billion to 1.67 billion OM and decrease the staked token count by over 26%.
The token burn process, which began on April 21 and concludes April 29, is expected to enhance staking rewards by lowering the bonded ratio from 31.47% to 25.30%. Mantra is also in talks with ecosystem partners to potentially burn an additional 150 million tokens.
This initiative follows a 90% drop in OMâs price on April 13 and includes a token buyback program and the launch of a tokenomics dashboard for greater transparency. On-chain verification and a final report will be provided upon completion of the burn.
#MantraEcosystem #OMTokenUpdate #BinanceAlphaAlert #BTCvsMarkets
John Patrick Mullin, CEO of Mantra, has initiated the burn of 150 million OM tokens from his personal allocation to address a sharp decline in the tokenâs price and restore investor confidence. This move, part of Mantraâs broader âOM Token Support Plan,â will reduce the total token supply from 1.82 billion to 1.67 billion OM and decrease the staked token count by over 26%.
The token burn process, which began on April 21 and concludes April 29, is expected to enhance staking rewards by lowering the bonded ratio from 31.47% to 25.30%. Mantra is also in talks with ecosystem partners to potentially burn an additional 150 million tokens.
This initiative follows a 90% drop in OMâs price on April 13 and includes a token buyback program and the launch of a tokenomics dashboard for greater transparency. On-chain verification and a final report will be provided upon completion of the burn.
#MantraEcosystem #OMTokenUpdate #BinanceAlphaAlert #BTCvsMarkets
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Everything you need to know about the MANTRA ecosystem right now:
đ„ Major Token Burn Completed!
On April 29, MANTRA burned 150 million $OM tokens!
Supply dropped from 1.82B âĄïž 1.67B
With the bonded ratio falling from 31.47% âĄïž 25.30%, staking just got more rewarding.
Another 150M burn is planned with ecosystem partners â totaling a 300M token reduction!
â ïž CEO Issues Warning!
Following the April 13 crash, CEO John Mullin called for urgent industry reform.
He highlighted systemic risks like over-leveraging on exchanges
and urged platforms to strengthen protections for retail users.
đ ïž Transparency & Tech Upgrades
OM Dashboard: Now live with real-time supply & on-chain metrics
Validator Overhaul: Internal validators cut by 50%, 50 external partners added
Omstead Testnet: EVM-compatible network now live to support developers & boost stability
đ Market Outlook â Proceed With Caution
Despite recent progress, $OM remains highly volatile.
As of April 27: $0.5285 â still far below its $6+ peak.
Analysts warn: Token burns may offer short-term support, but long-term recovery depends on trust and broader market conditions.
#OMTokenUpdate #CryptoBurn #DeFiReform #MantraEcosystem
$OM
Everything you need to know about the MANTRA ecosystem right now:
đ„ Major Token Burn Completed!
On April 29, MANTRA burned 150 million $OM tokens!
Supply dropped from 1.82B âĄïž 1.67B
With the bonded ratio falling from 31.47% âĄïž 25.30%, staking just got more rewarding.
Another 150M burn is planned with ecosystem partners â totaling a 300M token reduction!
â ïž CEO Issues Warning!
Following the April 13 crash, CEO John Mullin called for urgent industry reform.
He highlighted systemic risks like over-leveraging on exchanges
and urged platforms to strengthen protections for retail users.
đ ïž Transparency & Tech Upgrades
OM Dashboard: Now live with real-time supply & on-chain metrics
Validator Overhaul: Internal validators cut by 50%, 50 external partners added
Omstead Testnet: EVM-compatible network now live to support developers & boost stability
đ Market Outlook â Proceed With Caution
Despite recent progress, $OM remains highly volatile.
As of April 27: $0.5285 â still far below its $6+ peak.
Analysts warn: Token burns may offer short-term support, but long-term recovery depends on trust and broader market conditions.
#OMTokenUpdate #CryptoBurn #DeFiReform #MantraEcosystem
$OM
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