The token burn plan and market impact

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The 150 million OM tokens being burned by MANTRA CEO John Patrick Mullin were originally staked at the project’s mainnet launch in October 2024 and are now being unstaked for permanent destruction by April 29, 2025.
The planned 300 million OM token burn comprising CEO John Patrick Mullin’s personal 150 million token burn and an additional 150 million from partners, is expected to significantly reduce OM’s total supply and increase staking APR by lowering the network’s bonded ratio.
MANTRA is actively engaging with its ecosystem partners to coordinate an additional 150 million OM token burn, which would double the total burned amount to 300 million tokens as part of a broader effort to restore tokenomics stability and investor confidence.
MANTRA CEO John Patrick Mullin conducted a poll on X to gauge community sentiment about burning his 150 million OM token allocation, with over 81% of respondents voting in favor of an immediate burn.

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