MANTRA DAO: To Soon Announce OM Token Burn Plan

BlockBeats News, April 19th, MANTRA DAO Co-founder JP Mullin stated, "The OM token burn plan has entered the final stages of discussion and will be announced soon. The buyback plan is also progressing smoothly."

BlockBeats previously reported that on April 18th, MANTRA DAO Co-founder initiated a Twitter poll to solicit opinions on the execution method of burning team tokens. They stated, "After declaring the intention to burn all team-held tokens, we have received a large amount of feedback from the community, investors, etc., over the past few days. This decision was made for the community, and the poll was conducted to understand everyone's views and attitudes on how to implement this matter." The poll had four options: immediate full burn, annual extension of vesting period, transfer to a community multisig wallet, and gradual unlock over time.