$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.