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MANTRA CEO John Patrick Mullin has burned his full 150 million OM token allocation to enhance transparency and rebuild community trust. The move is part of a broader strategy to reinforce MANTRA’s decentralized financial ecosystem. A second burn of 150 million OM is also in the works, potentially doubling the total reduction.
- MANTRA CEO burns 150M OM tokens to enhance transparency and rebuild trust, with a second 150M OM burn planned.
- The token burn will reduce total OM supply from 1.82B to 1.52B, impacting staking rewards by lowering the bonded ratio.
- The decision follows a 90% price crash amid insider selling rumors, underscoring the need for deflationary measures.
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