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Cryptocurrency News Articles
OM (OM) Token Burn Complete: 150M OM Tokens Gone!
May 02, 2025 at 04:21 pm
Here's everything you need to know about OM and the MANTRA ecosystem: MASSIVE TOKEN BURN COMPLETE!
MASSIVE TOKEN BURN COMPLETE!
On April 29, MANTRA burned 150 million OM tokens!
Supply dropped from 1.82B ➡️ 1.67B
Staking rewards just got better – bonded ratio went down from 31.47% ➡️ 25.30%
Another 150M tokens to be burned with ecosystem partners = 300M total burn planned!
CEO SOUNDS THE ALARM!
After the April 13 crash, CEO John Mullin called for industry-wide reform
He blamed systemic issues like over-levering on exchanges
& urged exchanges to review risk policies to better protect retail investors
TRANSPARENCY & TECH UPGRADES
OM Dashboard Launched: Live tracking of supply & on-chain data
Validator Revamp: Reducing internal validators by 50% + onboarding 50 external partners
Omstead Testnet LIVE: EVM-compatible testnet to boost dev ecosystem & technical stability
MARKET OUTLOOK – STAY CAUTIOUS
Despite the progress, $OM remains volatile
Price (as of Apr 27): $0.5285, still down from $6+ pre-crash
Analysts say: Burn = short-term relief, but long-term depends on trust & macro recovery
#OM #MANTRA #CryptoNews #TokenBurn #DeFi
This post is relevant to: $BTC $ETH $BCH $XRP $ADA $NEO $IOT
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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