FormulaCryptoUpdates
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Mantra DAO co-founder responds, announces token buyback program
Comments from the project's co-founder John Patrick Mullin restored some confidence in the OM markets, although the damage from the price crash will be hard to undo.
Yesterday, Mullin once again commented on the situation and shared new plans of the team to restore the trust of users. In particular, he promised to introduce a token buyback program by the company's representatives, which should create a constant pressure of buyers.
Mullin began his address to the Mantra DAO community by thanking those who did not turn their backs on the project.
However, Mullin also shared specifics. In particular, he promised to publish a detailed report of what happened in the OM market on Sunday. He announced that a post-mortem report will be published within the next 24 hours and expressed confidance that the facts, supported by both on-chain and off-chain data, will validate their position.
Following the release of the report, the team plans to share further details about an OM token buyback program and a token supply burn initiative, which are measures aimed at restoring market trust and reaffirming their long-term commitment to the OM token and the MANTRA ecosystem.
Comments from the project's co-founder John Patrick Mullin restored some confidence in the OM markets, although the damage from the price crash will be hard to undo.
Yesterday, Mullin once again commented on the situation and shared new plans of the team to restore the trust of users. In particular, he promised to introduce a token buyback program by the company's representatives, which should create a constant pressure of buyers.
Mullin began his address to the Mantra DAO community by thanking those who did not turn their backs on the project.
However, Mullin also shared specifics. In particular, he promised to publish a detailed report of what happened in the OM market on Sunday. He announced that a post-mortem report will be published within the next 24 hours and expressed confidance that the facts, supported by both on-chain and off-chain data, will validate their position.
Following the release of the report, the team plans to share further details about an OM token buyback program and a token supply burn initiative, which are measures aimed at restoring market trust and reaffirming their long-term commitment to the OM token and the MANTRA ecosystem.
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