BlockBeats News, April 16th, MANTRA DAO Co-Founder JP Mullin stated, "For absolute clarity, I declare that I am burning my team tokens, and we will create a comprehensive burn program for the remaining supply of OM."
Earlier today, MANTRA DAO Co-Founder JP Mullin proposed to burn the OM tokens held by himself to restore investor confidence after a price plunge. Mullin stated that the tokens he holds are part of the team's reserved 300 million OM tokens, with a lock-up period until April 2027. Although Mullin made the commitment and disclosed his current holdings, he did not reveal the specific amount held, stating that he would announce the token holdings when the burn plan is ready. According to Tokenomist data, Mullin currently holds approximately 772,000 OM tokens, less than 1% of the circulating supply of over 80 million OM tokens as of April 15th.
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