That's massive news for $OM and the OpenMesh community. Burning 300 million tokens—especially from the team's own allocation—is a strong show of commitment. That’s nearly 31% of the current circulating supply (960M), which is significant in terms of reducing inflation and signaling long-term belief.
A few key takeaways from this:
1. Deflationary Impact: The burn could significantly decrease token supply, potentially increasing scarcity and value.
2. Decentralization Move: Once the team burns all its tokens, DAO governance will be fully in the hands of the community—true decentralization.
3. Investor Confidence: Actions like this can attract more long-term holders and possibly new investors, as it aligns incentives between the team and the community.
$OM
buying positions are
1st 0.60-0.65
2nd 0.45-0.50