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Mantra CEO John Mullin has announced plans to burn the team’s OM tokens to rebuild community trust following a dramatic 90% price crash. The proposal has sparked debate, with some fearing it could hurt long-term team motivation.
- Mantra CEO proposes burning $236M in team tokens to regain trust after a 90% OM price crash.
- Community split: some fear token burn could hurt team motivation, while others see it as a trust-building move.
- Mantra’s DeFi TVL spiked 500%, but 97% is in one DEX, highlighting centralization risks.
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