Mantra says CEO has begun the process of burning his 150M OM tokens

Mantra founder and CEO John Patrick Mullin has started unstaking 150 million of his Mantra (OM) tokens in preparation for sending them to a burn address in an attempt to restore the token’s value by tightening supply.  Mantra announced on April 21 that the unstaking process had begun, and would be completed by April 29, at which point Mullin's Mantra (OM) tokens will be sent to the burn address and permanently removed from circulating supply. ” Mantra said it was also in talks with “key ecosystem partners” about burning a further 150 million OM to bring the total burn amount to 300 million source: https://cointelegraph.com/news/mantra-ceo-begin-process-burning-150-million-om-tokens?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound