๐ข ๐ฅ๐๐ญ๐ญ๐๐ง๐ญ๐ข๐จ๐ง $๐๐ ๐๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ๐ฅโฆ๏ธ โ ๐๐๐ซ๐'๐ฌ ๐๐จ๐ฎ๐ซ ๐๐๐ฒ ๐, ๐๐๐๐ ๐๐ฉ๐๐๐ญ๐โฆ๏ธ
Everything you need to know about the MANTRA ecosystem right now:
๐ฅ Major Token Burn Completed!
On April 29, MANTRA burned 150 million $OM tokens!
Supply dropped from 1.82B โก๏ธ 1.67B
With the bonded ratio falling from 31.47% โก๏ธ 25.30%, staking just got more rewarding.
Another 150M burn is planned with ecosystem partners โ totaling a 300M token reduction!
โ ๏ธ 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.
๐ ๏ธ 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
๐ Market Outlook โ Proceed With Caution
Despite recent progress, $OM remains highly volatile.
As of April 27: $0.5285 โ 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.
