Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 303
    NewsCryptoSponsored Article

    Pepe and Brett Investors Take Note as $MOBU Presale Jumps 163% for Early Buyers, Pushing It Among the Best Crypto to Buy Now

    Pepe and Brett have become two of the most talked-about meme tokens…

    By
    Benedikt Krüger
    October 18, 2025
    Top DeFi Platforms Offering the Highest APY for Yield Farming in 2025
    CryptoNews
    Top DeFi Platforms Offering the Highest APY for Yield Farming in 2025
    October 18, 2025
    image 286
    CryptoMarketNewsSponsored Article
    Crypto News (LIVE): Money Pours into This Top Crypto to Buy Now as Cardano and SOL Investors Panic 
    October 18, 2025
    image 114
    CryptoMarketNewsSponsored Article
    Top Crypto Update: ETH and LINK Dips, While BullZilla Roars Among the Best Cryptos to Join for Oct 2025
    October 18, 2025
    image 282
    NewsCryptoMarketSponsored Article
    Top Cryptos with 1000x Potential: MoonBull’s $600 to $56K Math Shocks Traders as XLM and SUI Trail Behind
    October 17, 2025
  • Cryptocurrency
    image 303
    Pepe and Brett Investors Take Note as $MOBU Presale Jumps 163% for Early Buyers, Pushing It Among the Best Crypto to Buy Now
    7 Min Read
    Top DeFi Platforms Offering the Highest APY for Yield Farming in 2025
    Top DeFi Platforms Offering the Highest APY for Yield Farming in 2025
    11 Min Read
    image 286
    Crypto News (LIVE): Money Pours into This Top Crypto to Buy Now as Cardano and SOL Investors Panic 
    7 Min Read
    image 114
    Top Crypto Update: ETH and LINK Dips, While BullZilla Roars Among the Best Cryptos to Join for Oct 2025
    7 Min Read
    image 282
    Top Cryptos with 1000x Potential: MoonBull’s $600 to $56K Math Shocks Traders as XLM and SUI Trail Behind
    6 Min Read
    $725M Liquidated in 24h: Crypto Liquidations Shocks Market
    $725 Million in Crypto Liquidations Stun Traders as Bitcoin Slips
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Mantra Signals Long Term Vision with 150M OM Burn
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Mantra Signals Long Term Vision with 150M OM Burn
NewsCryptoMarket

Mantra Signals Long Term Vision with 150M OM Burn

Mantra Signals Long Term Vision with 150M OM Burn
Jane Omada Apeh
Last updated: April 22, 2025 8:14 am
By
Jane Omada Apeh
Published April 22, 2025
8 Min Read
Share

Mantra founder and CEO John Patrick Mullin has started his 150 million OM token Burn, calling it the “first step” in rebuilding community trust after OM’s price dropped 90% in early April. Announced on April 21, the burn is expected to reduce supply, increase staking yields and signal long term commitment as the project faces scrutiny over token distribution and governance.

Contents
  • 150M OM Token Burn Underway, Another 150M May Follow
  • Burn to Boost APR and Reduce Staking Saturation
  • Community Sentiment Mixed Despite Transparency Push
  • Recovery Roadmap Includes Buybacks and Ecosystem Reforms
  • Can Mantra Rebuild Market Confidence?
    • FAQs
  • Glossary
    • References

150M OM Token Burn Underway, Another 150M May Follow

The burn involves unstaking Mullin’s 150 million OM tokens allocated at mainnet genesis and set to unlock in 2027. These tokens are being removed from circulation forever. According to Mantra’s statement, the unstaking process will be completed by April 29 and the tokens will be sent to a burn address.

“We’re showing that we’re willing to put the long term health of the ecosystem above personal allocations,” Mullin said in a public statement. “This is the first step in rebuilding trust with the community but far from the last.”

Mantra also announced it’s in talks with “key ecosystem partners” to burn an additional 150 million OM. If that happens, the total supply of OM will be reduced by 300 million and the circulating supply will be around 1.67 billion. That would be one of the largest token burns by a founder and partners in DeFi history.

Mantra CEO 150M OM Token Burn to Reignite Trust After 90% Price Crash
Mantra CEO 150M OM Token Burn to Reignite Trust After 90% Price Crash

Burn to Boost APR and Reduce Staking Saturation

Along with trust goals, the burn has certain implications for token economics. The reduction will lower the bonded ratio, the percentage of OM staked across the network, from 31.47% to 25.30%. That will increase staking APRs for long-term holders.

“This strategic burn will lower the bonded ratio… resulting in an increase in staking APR,” the Mantra team said in their public update. The number of staked OM tokens will go from 571.8 million to 421.8 million.

Industry analysts say token burns can create short-term price pressure, but the lasting impact depends on how they’re paired with improved fundamentals and transparency.

“Token burns signal commitment but only matter if backed by real governance reform and utility growth,” said Christine Kim, crypto policy researcher at Galaxy Digital.

Community Sentiment Mixed Despite Transparency Push

Mullin started the burn just days after a poll he posted on X (formerly Twitter) where he gave the community multiple options to handle his team allocated tokens. These included extended vesting schedules or milestone-based unlocks. The burn won, but the poll, which had nearly 9,000 votes, was met with criticism from users who felt the burn should not have been put to a vote after the April 13 crash.

Critics are calling it “damage control,” not leadership. One user said, “Why poll something you already promised? Just deliver.” But many praised the follow-through when the burn was announced and executed.

To strengthen governance and transparency, Mantra has launched a public-facing tokenomics dashboard. The platform tracks token allocation, staking metrics and supply adjustments in real time, something analysts say is essential to regain market credibility.

“Mantra is moving in the right direction by putting data front and center,” said Rafael Whittaker, independent DeFi governance auditor. “But rebuilding trust goes beyond charts, it’s about sustained delivery and listening to users.”

Recovery Roadmap Includes Buybacks and Ecosystem Reforms

The burn is just one part of Mantra’s broader “OM Token Support Plan” which also includes an active buyback program. Mullin confirmed that token repurchases are being funded through ecosystem revenue and treasury management but full disclosure on amounts and pacing has yet to be made public.

“We’re already executing the buyback. It’s well underway,” Mullin said, signaling ongoing support for OM’s price stabilization efforts.

Mantra CEO 150M OM Token Burn to Reignite Trust After 90% Price Crash
Mantra CEO 150M OM Token Burn to Reignite Trust After 90% Price Crash

But the project has a long way to go. OM, which briefly peaked above $6.30 in early April, has struggled to recover. At press time, it’s still trading below $0.55,  over 90% down from its local high. Liquidity concerns and team token allocations have fueled volatility and skepticism.

Can Mantra Rebuild Market Confidence?

Market watchers are divided on whether these moves will be enough to stabilize the OM ecosystem in the long term. Some argue the burn and buyback offer tangible, measurable steps towards recovery, while others say fundamental changes in governance, vesting logic, and use-case expansion are equally important.

“This isn’t just about tokenomics,” said fintech strategist Eva Maier of Messari. “Mantra will need to evolve its model, align with DeFi norms and continuously communicate with users. The burn is a strong gesture, now they have to build on it.”

For now, the crypto community is watching to see if Mantra can turn a crisis into an opportunity for deeper decentralization, transparency, and realignment with its user base.

FAQs

What is the OM token burn?

It’s a permanent removal of 150 million OM tokens from circulation initiated by Mantra CEO John Patrick Mullin. May expand to 300 million with partner support.

Why is Mantra burning tokens?

To restore trust after a 90% price drop, reduce supply, increase staking rewards, and show long-term commitment from the team.

What’s the impact on OM staking?

Bonded ratio will drop from 31.47% to 25.30%, staking APR will increase and decreasing network saturation.

Is there a buyback?

Yes. Mantra said a buyback is “in the works” funded by protocol revenue as part of the OM Token Support Plan.

What else is Mantra doing to regain trust?

They launched a tokenomics dashboard and are talking about more burns. Governance updates and long-term roadmap coming.

Glossary

Token Burn – The process of removing tokens from circulation by sending them to an unspendable address.

Bonded Ratio – Percentage of token supply staked on the network.

Staking APR – Annual return on staking a token.

Buyback Program – The project buying tokens from the open market to reduce supply or stabilize price.

Genesis Allocation – Tokens distributed to team or stakeholders at the launch of the blockchain or mainnet.

References

JP Mullin on X

Cointelegraph

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Bitcoin Poised for Big Moves? Jamie Coutts Warns Investors to “Be Ready”

Bitcoin Boosted by Fed’s 50 Basis Point Rate Cut: What Does It Mean for the Market?

Why GameStop Embraces Bitcoin as a Treasury Asset

Bhutan’s National Digital Identity Goes On-Chain: Why the Country Chose Ethereum

XRP’s Wild Rally Explained: $10.8B in Volume, Wave 5 in Play, and $3 in Sight

TAGGED:MANTRAOM Token Burn

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByJane Omada Apeh
Follow:
Omada is a dedicated crypto journalist with a passion for making the fast-paced world of digital assets understandable and engaging. With years of experience covering cryptocurrency and blockchain innovation, she offers readers more than just the headlines. She provides context, clarity, and depth. Her work spans everything from market trends and regulatory updates to emerging technologies and real-world use cases that are shaping the future of finance. Omada strives to bridge the gap between complex crypto concepts and everyday readers, ensuring that both seasoned investors and curious newcomers can find value in her insights. Her mission is simply to inform, inspire, and keep her audience one step ahead in the ever-evolving crypto universe.
Previous Article $1 Million Bitcoin? Kiyosaki’s Shocking Forecast Fuels Crypto Debate $1 Million Bitcoin? Kiyosaki’s Shocking Forecast Fuels Crypto Debate
Next Article Paul Atkins SEC Crypto Industry Reacts to New SEC Chair: Friend or Just Another Enforcer?
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English