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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
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