MANTRA Ecosystem Update - May 2, 2025

This update provides key information for $OM investors regarding recent developments within the MANTRA ecosystem as of May 2, 2025.

Key Highlights:

* Significant Token Burn Completed: On April 29, MANTRA executed a substantial token burn of 150 million $OM. This action has reduced the total supply from 1.82 billion to 1.67 billion $OM. Consequently, the bonded ratio for staking rewards has decreased from 31.47% to 25.30%, potentially enhancing staking yields. An additional 150 million $OM burn is planned in collaboration with ecosystem partners, bringing the total planned burn to 300 million $OM.

* CEO Addresses Market Volatility and Calls for Reform: Following the market downturn on April 13, MANTRA CEO John Mullin has publicly addressed systemic issues within the cryptocurrency industry. He specifically cited over-leveraging on exchanges as a contributing factor and urged exchanges to re-evaluate their risk management protocols to better safeguard retail investors.

* Enhanced Transparency and Technical Infrastructure: MANTRA has launched the Dashboard, providing real-time visibility into the token's supply and on-chain data. Furthermore, a validator revamp is underway, which includes a 50% reduction in internal validators and the onboarding of 50 external partners to enhance network decentralization and security. The Omstead Testnet, an EVM-compatible testnet designed to foster developer engagement and improve technical stability, is now live.

* Market Outlook and Price Performance: Despite these positive developments, continues to exhibit price volatility. As of April 27, the price stood at $0.5285, remaining significantly below its pre-crash level of over $6.00. Analysts suggest that while the token burn may offer short-term price support, the long-term trajectory of $OM will be contingent upon the restoration of investor trust and broader macroeconomic recovery.

Investor Considerations:

Investors are advised to exercise caution and conduct thorough due diligence given the inherent volatility of the cryptocurrency market. While the MANTRA team is actively pursuing measures to enhance the ecosystem's fundamentals and transparency, external market factors will continue to play a significant role in $OM's price

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