Mantra (OM) token, in the last 24 hours, about 30 %of the value of the attention attracted attention. This sudden ascension came after CEO John Mullin’s proposal to completely burn the token allocation for the team. Initially, these tokens were planned to be released gradually between 2027 and 2029. Now the cancellation of this plan and the permanent removal of all tokens from the circulation is on the agenda.
Discussions on the burning of the tokens in the hands of the team continues
John Mullin, aiming to gain the trust of the community, said he plans to burn all the tokens allocated for the team. Mullin emphasized that the decision would be completely taken by the community vote, but pointed out that this proposal could be a turning point in terms of long -term sustainability of the project. “The team starts from 2027 on token.
However, this approach led to disagreements within the community. Some users believe that the project will increase the transparency and reconstruct investor confidence. Others argue that long -term team motivation may be adversely affected. Ran Neuner, “We want high -motivated teams. Burning move will be harmful in the long term,” while commenting, another user Bonnke4life, “JP, token allocation should not burn immediately. Community benefit should be targeted, but the team should not be damaged,” he said.
New targets in the price of om are on the agenda
The OM Token is trading at $ 0.78 during writing and has a market value of $ 761 million. According to technical analysis, price movements give positive signals. Crypto Money Analyst Dom’s Crypto draws attention to the formations in the 30 -minute graph, predicted that the price could rise up to $ 3.50 if exceeded $ 1.20.
The sudden rise of the price is not only limited to token burning debates. CEO Mullin announced that it aims to stability by activating the 109 million dollar Mantra Ecosystem Fund after the price collapse on April 13th. This fund is expected to intervene in the market with controlled token burning and configured reproduction.
The Mantra team rejected the internal trading allegations and the accusations that the supply were controlled as a central language. The price decrease was mainly caused by sudden liquations in cross -exchanges and tokenomic changes made last October.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
