Mantra CEO John Mullin has announced plans to burn 300 million locked OM tokens allocated to the team, aiming to regain community trust after the token's decline following a sharp drop on April 13. The team tokens, representing 16.88% of the total supply, were initially valued at approximately $236 million. Mullin emphasized that he believes this drastic step will demonstrate his commitment to the community. However, reactions have been mixed; while some community members support the move, others warn that it could demotivate the team by removing their incentives. Mullin also stated he is working on a recovery plan for the project, which suffered a significant value loss from $6.30 to 52 cents, attributing the collapse to external market factors rather than insider actions. The team's transparency and engagement with the community are pivotal as they move forward in plans to stabilize the OM token's price.

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