OMTokenUpdate

😱💥Mantra CEO Burns 150M Tokens to Rebuild Trust After Price Crash❗❗

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 token’s price and restore investor confidence. This move, part of Mantra’s broader “OM Token Support Plan,” 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 OM’s 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

📢 💥𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 $𝐎𝐌 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬💥♦️ – 𝐇𝐞𝐫𝐞'𝐬 𝐘𝐨𝐮𝐫 𝐌𝐚𝐲 𝟐, 𝟐𝟎𝟐𝟓 𝐔𝐩𝐝𝐚𝐭𝐞♦️
Everything you need to know about the MANTRA ecosystem right now:

🔥 Major Token Burn Completed!
On April 29, MANTRA burned 150 million $OM tokens!
Supply dropped from 1.82B ➡️ 1.67B
With the bonded ratio falling from 31.47% ➡️ 25.30%, staking just got more rewarding.
Another 150M burn is planned with ecosystem partners — totaling a 300M token reduction!

⚠️ 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.

🛠️ 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

📉 Market Outlook – Proceed With Caution
Despite recent progress, $OM remains highly volatile.
As of April 27: $0.5285 — 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

⚠️💥𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 $𝐎𝐌 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 – 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 𝐚𝐬 𝐨𝐟 𝐌𝐚𝐲 𝟐, 𝟐𝟎𝟐𝟓😱💥❗
Here’s the latest on the MANTRA ecosystem and what it means for you:

🔥 Major Token Burn Completed!

On April 29, 150 million OM tokens were burned

Total supply reduced from 1.82B to 1.67B

Staking rewards improved as the bonded ratio fell from 31.47% to 25.30%

Another 150M tokens set to be burned with partners — totaling 300M in planned burns

⚠️ CEO Issues Urgent Warning

Following the April 13 market crash, CEO John Mullin called for industry reform

Cited issues like over-leveraging on exchanges

Urged platforms to tighten risk policies to protect retail investors

🛠️ Transparency & Tech Enhancements

OM Dashboard launched for real-time supply and on-chain insights

Validator overhaul: Internal validator count halved; 50 new external partners onboarded

Omstead Testnet is live — EVM-compatible and designed to strengthen dev support and network stability

📉 Market Still Fragile – Stay Alert

$OM price (as of Apr 27): $0.5285 — still far from its $6+ peak

Analysts say: Token burn offers short-term relief, but recovery hinges on trust and macro stability

#OMTokenUpdate #CryptoBurns #DeFiTransparency #MANTRAReform