Crypto
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.
Crypto.com has introduced a plan to reissue 70 billion CRO tokens, sparking considerable backlash within its community due to concerns over diluting their value.
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