Aimee Cayanan EdgZ
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$OM Major Move by #MANTRA ❗
😱JP Mullin, CEO & Founder of MANTRA, just made a game-changing announcement: he’s burning his entire 150 million $OM token allocation — permanently. This bold move follows a recent promise to the community, aiming to rebuild trust and demonstrate the team's long-term commitment.
Here’s the breakdown:
➡️ The 150M tokens came from the Team & Core Contributor pool and were originally staked during MANTRA’s mainnet launch in October 2024.
➡️ Unstaking began today and will be completed by April 29, 2025.
➡️ Once unstaked, every token will be sent to a burn address — gone forever.
And that’s not all — MANTRA is collaborating with partners to potentially burn another 150 million $OM. If successful, a total of 300 million OM will be eliminated from the supply.
Whether this shifts market sentiment remains to be seen, but it’s undoubtedly a bold and symbolic step forward. DYOR.
#TokenBurn #CryptoNews #MarketRebound
😱JP Mullin, CEO & Founder of MANTRA, just made a game-changing announcement: he’s burning his entire 150 million $OM token allocation — permanently. This bold move follows a recent promise to the community, aiming to rebuild trust and demonstrate the team's long-term commitment.
Here’s the breakdown:
➡️ The 150M tokens came from the Team & Core Contributor pool and were originally staked during MANTRA’s mainnet launch in October 2024.
➡️ Unstaking began today and will be completed by April 29, 2025.
➡️ Once unstaked, every token will be sent to a burn address — gone forever.
And that’s not all — MANTRA is collaborating with partners to potentially burn another 150 million $OM. If successful, a total of 300 million OM will be eliminated from the supply.
Whether this shifts market sentiment remains to be seen, but it’s undoubtedly a bold and symbolic step forward. DYOR.
#TokenBurn #CryptoNews #MarketRebound
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