MANTRA CEO: The progress of team token destruction and governance upgrade plan will be announced at TOKEN2049
MANTRA CEO John Patrick Mullin issued a statement in response to the recent sharp drop in the price of OM tokens, promising to enhance transparency, advance governance upgrades, and accelerate the team's token destruction process. John Patrick Mullin stated that he will announce specific measures including ecosystem development, enhanced governance protocols, and the execution of the destruction of his personally held 150 million OM tokens at the TOKEN2049 event in Dubai next week. In addition, MANTRA is coordinating with ecosystem partners to plan an additional destruction of 150 million OM tokens, totaling 300 million OM tokens destroyed, accounting for approximately 16.5% of the total supply, in order to rebuild community trust and stabilize market sentiment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SOL and Meme Coins Are Booming Again
Leading Crypto Presale: Nexchain’s Stage 11 Hits $1.5M with $NEX at $0.042
You can participate in the ongoing Nexchain's presale and gain exposure to one of the leading AI crypto projects before the major exchanges.
Ethereum’s “Trillion Dollar Security” Boosts Onchain Safety
Ethereum Foundation unveils "Trillion Dollar Security" to enhance wallet, UX, and smart contract security.A Step Toward Mass Adoption
Tokenized U.S. Equities: Breakthrough or Just Hype?
Are tokenized U.S. equities the future or just noise? Explore their roots, market trends, and regulatory roadblocks.Where It All Began: From STOs to Tokenized StocksRegulatory Hurdles and the Real-World GapSymbolic Progress, Real Potential
Trending news
MoreCrypto prices
More
