Mantra CEO John Patrick Mullin announced a new plan to restore community confidence after Om Coin’s sudden depreciation. The decline, while raising the losses of investors, drew attention to the steps taken in line with the long -term goals of the project.
OM COIN COLLECTION
Last Sunday, the price of OM Token fell from $ 6.35 to $ 0.37 with a sudden decline. This pointed out the depreciation of approximately 94 percent, while at least 17 wallets transferred to 43.6 million tokens (worth 227 million dollars).
CEO Mullin, in his sharing on social media, announced that the Token Burning Program will be commissioned in order to reduce the purchase and supply within the scope of the support plan. In addition, live data panels reflecting tokenomic structures for the transparency of the market will be created.
OM Coin Future
Mullin, as a result of the investigations of the team during the market pressure did not sell their own tokens, he said. According to the explanations, compulsory liquidation processes caused by central exchanges have caused the losses experienced by investors.
John Patrick Mullin: um I started to burn the tokens allocated for my team’s share. We will share the details of the comprehensive burning program soon. To increase market transparency, we are creating a panel that offers certain tokenomic indicators with live data. ”
CEO, emphasizing the sensitivity of the community members to the losses experienced, the investor from all scale is important for him, he added. This statement signals that the details of the support program will gain clarity in the coming days.
These steps, which were taken to refresh the investor confidence, are also considered important for the general transparency and trust of the market. However, the price may not be recovered at $ 0.65 and an environment in which CEO’s descriptions are not transformed into concrete steps.
The measures and the announced support program taken within the project may contribute to the transaction of investors in a more controlled environment in the long run. Market observers expect these movements to be effective in the reconstruction of the credit facility and trust environment.
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.
