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TL;DR:
#mantra CEO is burning 150M $OM tokens from his personal allocation to reduce supply and reinforce long-term commitment.
A second 150M $OM burn is under discussion with ecosystem partners.
This could impact OM’s total supply, #staking rewards, and market dynamics — marking a significant update in its tokenomics.
THE SCOOP:
150M OM Burn by the CEO 🔥
John Patrick Mullin, CEO & Co-founder of MANTRA, is permanently burning 150 million OM tokens from his own allocation.
These tokens were initially staked to support network security during MANTRA Chain’s mainnet launch in October 2024.
The unstaking process is now underway and is expected to finish by April 29, 2025.
Once unstaking process is complete, tokens will be sent to a public burn address (mantra1qq...cg2my8), ensuring they are unrecoverable and permanently removed from circulation.
This move is intended to demonstrate long-term alignment with the community and reinforce confidence in OM’s future.
Another 150M Burn? Under Discussion 💬
MANTRA is currently in talks with major partners in its ecosystem about burning another 150 million OM tokens.
These could come from team allocations, reserve funds, or other non-circulating sources — but exact details haven’t been finalized yet.
If both burns are completed, the total reduction in supply would be 300M OM, or roughly 16.5% of the original total supply.
Impact on Supply & Staking Dynamics 📉📈
1. Following just the first burn:
Total supply will drop from 1.82B to 1.67B OM.
Staked OM will decline from 571.8M to 421.8M OM.
The bonded ratio (staked tokens vs. circulating supply) decreases from 31.47% to 25.30%.
2. Why that matters:
Lower supply can support token scarcity over time.
Reduced bonded ratio may increase staking APR for $OM stakers, due to fewer tokens competing for the same pool of rewards.
Signals to Watch 👀
CEO-led burns are rare and often interpreted as a long-term commitment to project health.
If the second burn proceeds, it could amplify OM’s deflationary model.
The combination of regulatory moves, RWA initiatives, and now aggressive token burns suggests a strategic repositioning for 2025 and beyond.
CONCLUSION:
OM’s evolving tokenomics may reshape how the token is valued, staked, and used across the MANTRA ecosystem.
With a potential 300M tokens set to be removed, this could affect OM’s scarcity, staking yields, and investor perception over time.
Whether you're staking, holding, or observing — this move adds a new layer to OM’s story.
As always, stay informed and DYOR before invest in!