Mantra $om will burn all tokens allocated for the project team
This is a very "bullish" move for $OM in particular and Mantra DAO in general:
• Reduce potential supply
Burning the entire amount of tokens allocated for the team (team allocation) will correspondingly reduce the total circulating supply. Fewer tokens = increased scarcity, supporting demand and potentially creating upward price pressure in the medium to long term.
• Increase reliability & transparency
The team commits to no longer "borrow" the earmarked tokens, eliminating concerns about a dump from the team when unlocking vesting. This reinforces the trust of the community and investors in the decentralization and transparency of the project.
• Current price $OM
$OM is trading around 0.5233 USD (slightly down ~1.12% compared to yesterday), with an intraday fluctuation range from 0.4994 to 0.5927 USD
