Mantra Announces $160 Million Token Burn Initiative Amidst Price Decline
Mantra is set to burn 300 million OM tokens, significantly reducing the total supply to enhance staking rewards after a 90% price drop.
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Mantra is set to burn 300 million OM tokens, significantly reducing the total supply to enhance staking rewards after a 90% price drop.
After a significant drop in the Mantra OM token's value, the team initiates a token burn to regain trust.
Following a drastic decrease in OM's value, Mantra's CEO John Mullin outlines a strategy to burn tokens to regain community trust.
John Mullin, CEO of Mantra, announces plans to burn team tokens after a significant drop in the OM token's value, emphasizing accountability and community trust.
Nomura's Laser Digital asserts it had no role in the recent crash of the Mantra token, which plummeted by 90%.
In a surprising move, Mantra's OM token saw a drastic decline of 90%, leading to speculations about forced liquidations by exchanges.
MANTRA has secured a VASP license from Dubai's regulatory authority, aiming to enhance its services and expand in the Middle East.
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