Mantra CEO to Burn 150M Team Tokens in Major Move Toward Community Trust
Total Token Burn May Reach 300 Million OM as Part of Transparency InitiativeJohn Patrick Mullin, founder and CEO of MANTRA, has announced the destruction of his allocated 150 million team tokens, a move aimed at restoring trust and reinforcing the project’s long-term commitment to transparency and community-driven growth.The token burn follows a pledge made by the MANTRA team last week and reflects the project’s focus on building a trustworthy, accessible, and inclusive financial ecosystem through tokenization.According to official sources, the unstaking period for the tokens will end on April 29, 2025, after which all 150 million tokens will be sent directly to a designated burn address.Additional 150 Million OM Tokens May Also Be BurnedIn a further demonstration of commitment to the ecosystem, MANTRA is actively engaging with major partners and has announced plans to burn an additional 150 million OM tokens, potentially bringing the total token destruction to 300 million OM.
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