MANTRA will burn OM tokens worth $176M

John Patrick Mullin, CEO and Founder of MANTRA, is burning his 150M $OM tokens allocation of team tokens. Moreover, MANTRA will burn another 150 $OM tokens of team and core contributor holdings after the unstaking period.

This strategic burn will lower the bonded ratio from 31.47% to 25.30%, resulting in an increase in staking APR.

• Current $OM price: $0.61

• Current FDV: $1.07B