The CEO of Mantra aims to burn allocating 150 meters of om, and aims to raise a total burning to 300 meters of distinctive symbols ⋅ Crypto World Echo
mascot The founder and CEO John Patrick Moulin started burning his full allocation of 150 million om, following a Last week’s commitment To enhance transparency and rebuild confidence within society.
The symbolic burning, which permanently removes the equivalent amount of om from trading, is part of a broader strategy to reaffirm the task of talisman of creating a central and comprehensive financial environmental system driven by the distinctive symbol.
Burning the distinctive symbol
According to the project statementThe unstable process started and is scheduled to be completed on April 29, 2025. The distinctive symbols were originally during the launch of Mainnet for a talisman series in October 2024 to secure the network.
Once you are finished, the symbols will be sent to the burning address.Mantra1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqkcggg2My8“Reducing the total offer effectively by 150 million mothers.
The fragmentation of the transactions associated with the instability publicly shared, allowing ONChain to check the burning process.
In parallel, Mantra is actively involved with the ecosystem partners for a second burning coordination of 150 million om icons, which will double the total burning to 300 million mothers.
Joint burning would reduce the total om supply from 1.82 billion to 1.52 billion, which represents a major transformation in the distinctive symbol.
Rewards for height
The burning of 150 million a mother in the team will reduce the allocation of the basic shareholder on the network from 571.8 million to 421.8 million mother.
This change will reduce the ratio of the chain chain chain from 31.47 % to 25.30 %, which leads to an increase in the annual percentage rates in ONSAIN StAKING (APRS).
Mantra said that once the final burning treatment is confirmed on Onchain, a full verification report will be issued, “Mantra said.
This step reflects the growing trends of industry among the distinctive projects that seek to build credibility and stimulate long -term participation through transparent and ancient supply mechanics.
Ohm the controversy
The decision to burn symbols comes after a Dramatic flash On April 13, the price of OM decreased more than 90 % within an hour, erasing billions in value.
According to what was reported, the accident was operated by a symbolic deposit of $ 40 million in OKX by a portfolio claimed to be linked to the team, with excitement Fears of sale from the inside.
Panic spread quickly with rumors about the deals that were not revealed without a prescription, the delay of air, and the excessive symbolic supply concentration of fuel Collective boxes Through stock exchanges.
In response, Moulin announced the burning of the distinctive symbol, such as a commitment to transparency and society’s confidence. However, the price of om continued to face fluctuation and is still less than 90 %.
Pamphlet The CEO of Mantra aims to burn allocating 150 meters from om, and aims to raise a total burning to 300 meters First appear on Cryptoslate.
