The CEO and co-founder of the Mantra (RWA) Crypto Project Mantra (OM) of the real world reveals a plan to bring back community confidence after a massive sale of the blockchain token.
Sunday, the value of the OM token plunged from a maximum of $ 6.35 to a minimum of $ 0.37, representing a huge drop of 94%.
The collapse of the price occurred after at least 17 portfolios transferred 43.6 million OM tokens ($ 227 million at the time) to the exchanges of crypto.
In the articles of the X social media platform, the CEO of Mantra, John Patrick Mullin, announces a token support plan which offers a program of buyout and burn after the incident caused large losses to OM holders.
“I have already been committed to burning the allowance of my team (not that of my team). The details of the complete burning program are coming.
We build a dashboard with live sales from Tokenomics buckets for additional market transparency. »»
Mullin says Mantra takes measures to reinstall market confidence and show a long -term commitment to the project.
“For the OM merchant community, you have long believed in the Mantra. However, yesterday, due to massive massive liquidations of OM big holders on an exchange of particular crypto, many have suffered losses. Whatever your loss scale, you are in my mind and the team’s thoughts.”
According to Mullin, the survey shows that the team did not sell OM tokens during the distress of the market. He says that the data also reveals that a number of important traders have been liquidated by centralized exchanges.
“We are convinced that more information from our centralized exchange partners will bring more clarity to these events. We invite our exchange partners to collaborate on the creation of more clarity on commercial activities during this period. ”
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