In a bid to regain the trust of the Mantra (OM) token community, its CEO John Mullin has announced plans to burn his team’s tokens. This move comes after the sudden collapse of the OM token on April 13th, leading to a loss of over $5.5 billion in value. 20% of the 1.78 billion total supply has been set aside for the team and core contributors as a part of their compensation plan. These tokens are currently worth around $236 million, but they were previously worth over $1.89 billion before the dramatic price drop. Mullin’s pledge to burn these tokens suggests his commitment to rebuilding trust with the community. He plans to hold a decentralized vote on whether to proceed with this burn. 20% of the team’s tokens have been locked and will be released gradually over time, from April 2027 to October 2029. Many members of the community welcomed Mullin’s plan, but others questioned its long-term impact on the team’s commitment to building a real-world asset tokenization platform. Some believe this act may stifle motivation and hinder future development efforts. Mullin has also promised a detailed post-mortem report to address what led to the OM token’s collapse. The Mantra recovery process is underway, and Mullin has outlined plans to use part of their $109 million Ecosystem Fund for potential buybacks and burns to stabilize OM’s price.