Mantra CEO offers to burn your allocation token OM

JP Mullin, General Manager of Mantra, said he plans to schedule his entire scheduling toker 772 000 Om token in response to criticism over recent project projects and insider activities.

His statement follows intense three days of surveillance after Mantra (OMA) The token stretched over 90% of the recent high high, wiping up 5 billion dollars worth. Mullin expressed the declaration via X 15. April. He replied to a community member that proposed that the Mantra team should delay its upcoming token unlock, originally set up to begin in April, as a pointer obligation.

Mullin responded to clarifying that team tokens do not start until 2027. Year, 30 months after the chain network mantra 2024. Years. He added that he intends to say the entire allocation of his team and will let him decide his community whether he deserved it in the future.

The assertion sparkled the discussion. The CRIPTO BARTER The founder ran Neuner said This approach “would be a mistake.” In his opinion, strong incentives are important for motivated project teams. Mullin replied that it only applies to his personal allocation and that the goal was to renew the trust after the fall. He also flew and an idea to set the tokens into a community control mechanism, instead of burning them directly.

Mullin has previously shared the screenshot that displayed his 77281 omging on the flux, noted that it was “100% placed” on the platform. The total total of 300 million was locked up to April 2027. According to Mullin, returning the value of the token is the main priority of the project, with strategies such as redemption and token burning on the table.

The situation further escalated after the popular Internet Internet investigator, Coffeezilla published a summary of his interview youtube with Mulla. He claimed that the Mantra team sold 23-45 million dollars worth of tokens in excessively-contour offers, at a discount of 30-50%, and later used $ 5 million to buy back. Cafe’s Cafe claimed to be a form of price manipulationWhich Mullin denied.

The fall alone, according to the 15th April report by Cripto.News, worsened with low liquidity and forced liquidations. The depth of the market on OM fell from $ 290 million at only $ 473,000. About $ 21 million in long positions were liquidated only on the OCCS. OM Token remains under high pressure, trading from $ 0.7,479 at the time of printing, in the last 7 days.