Mantra (OM) CEO Hints at Token Burn to Boost Project’s Value

The CEO of Mantra (OM), John Mullin, has suggested an expanded token burn program as a potential solution to revive the project’s reputation and increase the value of its native token. Mullin aims to use a combination of personal token burn and a broader platform for team token burning to achieve deflationary effects, aiming for maximum token allocation reduction. 16.6% of the overall supply is currently held by core contributors, with 95.52M tokens in circulation at present. The project’s total supply is open-ended, but burn will need to impact the tokenomics for confidence among holders. The current plan includes a more robust burn program, though specific details are being negotiated and Mullin aims to maximize the impact.