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MANTRA co-founders: Will soon announce the OM token burning plan.
On April 19, MANTRA co-founder JP Mullin stated, “The OM token burning plan has entered the final stage of discussion and will be announced soon. The buyback plan is also progressing smoothly.” BlockBeats previously reported that on April 18, the MANTRA co-founder initiated a Twitter poll to solicit opinions on the execution method for burning team tokens, stating, “After announcing the decision to burn all tokens held by the team, we received a lot of feedback from the community, investors, and others in the past few days. This decision is for the community, and the poll aims to understand everyone’s views and attitudes on how to implement this matter.” The poll has four options: immediate total burn, extending the vesting period by year, transferring to a community Multi-signature Wallet, and gradual unlocking over time.