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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!

OM (OM) Token Burn Complete: 150M OM Tokens Gone!

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

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Other articles published on Jun 10, 2025