According to CryptoSlate, John Patrick Mullin, CEO of Mantra, proposed to destroy his OM token holdings in order to restore investor confidence after the native token prices of the protocol plummeted. Mullin stated that the tokens he holds are part of the team's reserved 300 million OM tokens, which will be unlocked until April 2027.
On April 15th, Mullin released a public statement on the X platform, promising to destroy the portion of tokens he could obtain in the future, and stating that if the project recovers, the community can decide whether to allow him to regain these tokens. According to Tokenomist's data, he currently holds approximately 772000 OM tokens, which is less than 1% of the over 80 million OM tokens in circulation as of April 15th. Mullin has configured his tokens on the liquidity proof protocol Fluxtra. Although he made a commitment and disclosed his current holdings, he did not disclose the specific amount of holdings, stating that he will wait until the destruction plan is ready before announcing the token shares he holds.
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