This strategic burn will lower the bonded ratio from 31.47% to 25.30%, resulting in an increase in staking APR.
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MANTRA founder will burn $82 million worth of his OM tokens to 'rebuild trust' following $5 billion crash
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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.
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