$OM Major Move by #MANTRA โ
๐ฑJP Mullin, CEO & Founder of MANTRA, just made a game-changing announcement: heโs burning his entire 150 million $OM token allocation โ permanently. This bold move follows a recent promise to the community, aiming to rebuild trust and demonstrate the team's long-term commitment.
Hereโs the breakdown:
โก๏ธ The 150M tokens came from the Team & Core Contributor pool and were originally staked during MANTRAโs mainnet launch in October 2024.
โก๏ธ Unstaking began today and will be completed by April 29, 2025.
โก๏ธ Once unstaked, every token will be sent to a burn address โ gone forever.
And thatโs not all โ MANTRA is collaborating with partners to potentially burn another 150 million $OM. If successful, a total of 300 million OM will be eliminated from the supply.
Whether this shifts market sentiment remains to be seen, but itโs undoubtedly a bold and symbolic step forward. DYOR.
