#Crypto Security Insights

A radical step from the CEO of OM Coin: burn all its tokens and start from scratch!
OM Coin, which has shook investors with its recent crash, returns to the stage. Mantra CEO John Patrick Malin has issued an innovative proposal to restore investor confidence: He plans to burn his own OM tokens. So, can this bold decision restore faith in the project?
New chapter in OM Coin: CEO plans to burn his tokens
Mallin, who took action to regain investors' confidence after the collapse of OM Coin, hit the agenda like a bomb on the X platform. "I plan to burn all the signs of my team. If we can put the project on its feet, the community will decide whether to return those signs," said Malin, who wants to take a radical step.
300 million OM tokens, equivalent to 16.88% of total delivery, are reserved for team members and these tokens are tied to the vesting schedule until 2027. However, the CEO explained that he is only going to burn his own share in the first place. Malin, who owns 772 thousand OMs, aims to increase confidence in the project.
The crypto world is divided into two: "There may be a loss of motivation"
However, this move has sparked controversy in the crypto world. Crypto Banter founder Ran Neiner argued that this decision could demotivate the project team in the long run. According to Neiner, the best step is to focus on project development and restore investor confidence organically.
Mallin responded to this criticism by saying that instead of burning the tokens directly, they can be transported to a community-run pool. Whatever the method is used, Malin's message is clear: "We continue to build."
OM coin increases by 30%: self-confidence returns?
Despite the crisis, the price of OM Coin has increased by 30% over the past 24 hours to $0.78. This increase may indicate that investors are still starting to show interest in the project. However, the sustainability of this recovery will be directly related to the transparency of the project and its future steps.
The CEO of Mantra has announced that they will publish a comprehensive report on the details of the recent crash and will simultaneously announce a symbolic buying and recording program. Malin, who specifically defended the "pump and throwaway" claims, emphasized that no team member was selling tokens and that all transactions were reported transparently.
Conclusion: Can an OM coin grow again?
It seems that the turbulent period for OM Coin is behind us. However, how much investors trust the project this time will depend on the specificity of the steps to be taken. If promises of symbolic burnout, redemption and transparency are fulfilled, OM Coin may still be on investors' radar. Otherwise, recovery may not go beyond the limits of a short reaction