Mantra CEO maintains his word – huge burning symbols: Will the price of $ from collapse move to the catalyst?
Some encryption dealers believe that the price of om will never recover from the breakdown of 90 % last Sunday. However, some believe that it will happen and one thing is certain now – the Mantra team is doing a lot to make this work.
Mantra announced today that the CEO and founder John Patrick Moulin burns his allocation of 150 million people of the team. This step follows the commitment it is exposed to society last week, with the aim of rebuilding confidence and showing the team’s dedication to creating a reliable financial environmental system through the distinctive symbol.
The distinctive symbols of the team and the main contributor were originally blocked during the launch of Mainnet in October 2024 to support the safety of the network. The unstable icons of these 150 million people have started and can be verified by dividing multiple transactions on Blockchain.
The unstable period will be completed on April 29, 2025. Once the completion is completed, all symbols will be sent to the burning address, permanently removed from the blood circulation and reduce the total by 150 million om.
Mantra also suffers in discussions with the main partners about the implementation of an additional symbolic burning of 150 million, which will reach the total burning of 300 million mothers.
@jp_mullin888 The CEO and the founder burns his allocation to the team’s symbols. For more and why, read.https://t.co/ttl5gpj3s pic.twitter.com/qpmqknb6jy
– Talisman Distinguished code RWAS (Mantra_chain) April 21, 2025
Impact on fatigue and presentation
This symbolic burning will have effects on the economy of the Mantra series. After the incoming period, the burning of 150 million mothers will reduce the total offer from 1.82 billion to 1.67 billion mothers. At the same time, the distinctive symbols will decrease from 571.8 million to 421.8 million mothers.
for now, The price of a talisman You do not have any reaction to this symbolic burning because it actually decreased by 1.5 % today, and trades at $ 0.54.
This strategic step will reduce the percentage of worshipers from 31.47 % to 25.30 %, which will lead to an increase in the APR leadership for the owners of the current distinguished symbol. The team is committed to providing a full verification once the burning treatment is implemented and its confirmation on Blockchain.
The Mantra series is a collection of Blockchain layer 1 specially designed for assets in the real world, with compliance mechanisms in its structure. The project maintains a license to the virtual asset service provider from the regulatory authority for virtual assets in Dubai, allowing it to work as virtual assets and providing mediator services.
Also read: Can a talisman bounce back? How high the price after 90 % breakdown?
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Get all our future calls by joining A free telegram group.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
