150 Million $OM Tokens to Be Burned 🔥

#mantra just announced they’re burning 150 million $OM tokens on April 29, 2025. Why? Well, they’re aiming to reduce the supply and boost APR staking for their network.

Here’s the breakdown:

- What’s happening? The tokens being burned are from the team’s allocation – they were originally set aside to keep the network secure.

- Impact on supply: After the burn, total supply will drop from 1.82 billion to 1.67 billion $OM tokens, which is a big deal for tokenomics.

- APR boost: As the bonded rate decreases, staking rewards could see a nice increase!

But wait, there’s more – Mantra's not stopping at just one burn. They’re looking to burn another 150 million OM tokens, which could bring the total burn up to 300 million OM tokens. That’s a huge step to help build trust in the project and strengthen the community.

💡 Fun Fact: #mantra is all about compliance and is one of the few projects that holds a VASP license from Dubai’s VARA.

👉 Despite some recent price drops OM token has seen a 90% increase over the last month. So, even if things are a bit down right now, there’s potential for a rebound.

Mantra’s really putting its money where its mouth is.