Mantra Launches $25 Million Token Buyback Program for Increased Trust in RWA Ecosystem

Cryptocurrency project Mantra announced a major initiative: a $25 million buyback program to boost the price of its native OM token and foster confidence in its Real World Asset (RWA) ecosystem. This move comes as OM tokens have recently experienced significant volatility, prompting a response from Mantra’s leadership. 💰 The company plans to use up to 110 million tokens from the buyback program, representing around 10% of the circulating supply, and transfer them to Mantra Chain for staking on centralized exchanges. Transparency is key here: the process will be conducted openly and guided by a third-party executor. 🤝 This strategy aims to reduce selling pressure while bolstering the network’s underlying infrastructure. The buyback program is accompanied by $20 million investment from Inveniam, further strengthening this initiative and attracting investor interest. 📈 💰 This move signals Mantra’s commitment to long-term stability and community trust, particularly in light of its ambitious plans for RWA tokenization. 🙌