Burn

Mantra, the real-world asset tokenization platform whose OM token crashed earlier this month, is pushing to burn as much as 16.5% of its total supply valued about $160 million to boost staking rewards after talks with key partners. The proposal to …

Real-world asset project Mantra plans to create a comprehensive burn program for its OM token, CEO John Mullin said in an X post Wednesday. Mullin was responding to a post which said he was planning to burn his team’s tokens to win back the trust of …

Community reactions to the proposal have been swift and largely critical. The reissuance threatens to dilute value, a sore point for a community celebrating the 2021 burn as a moonshot moment.