Crypto Prime
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The founder and CEO of Mantra, John Patrick Mullin, has begun to unlock 150 million of his Mantra (OM) tokens in preparation to send them to a burn address, in an attempt to restore the token's value by reducing the supply.
Mantra announced on April 21 that the unlocking process had begun and will be completed by April 29, at which point Mullin's Mantra tokens will be sent to the burn address and permanently removed from the circulating supply. Mantra
Mullin stated that this was a "first step to rebuild trust with the community, but far from the last."
Mantra indicated that it was also in discussions with "key ecosystem partners" about burning another 150 million OM to bring the total burn amount to 300 million.$OM
{spot}(OMUSDT)
$ETH
{spot}(ETHUSDT)
$SOL
{spot}(SOLUSDT)
Mantra announced on April 21 that the unlocking process had begun and will be completed by April 29, at which point Mullin's Mantra tokens will be sent to the burn address and permanently removed from the circulating supply. Mantra
Mullin stated that this was a "first step to rebuild trust with the community, but far from the last."
Mantra indicated that it was also in discussions with "key ecosystem partners" about burning another 150 million OM to bring the total burn amount to 300 million.$OM
{spot}(OMUSDT)
$ETH
{spot}(ETHUSDT)
$SOL
{spot}(SOLUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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