MANTRA founder and CEO John Patrick Mullin has initiated the burn of his full 150 million OM token allocation to increase transparency and rebuild trust in the community. The token burn will reduce the total supply of OM from 1.82 billion to 1.52 billion, triggering a rise in staking rewards. This move follows a dramatic flash crash on April 13, which led to a significant drop in OM’s price.

Leave a Reply