Mantra CEO Sets to Burn 150 Million OM Tokens – Staking Rewards Expected to Increase
John Patrick Mullin, who leads Mantra, a decentralized finance platform, has initiated the process to remove 150 million OM tokens from circulation. This strategic decision aims to enhance staking rewards for existing holders. As the token supply decreases, the remaining OM tokens could gain added value, making this move a significant focus for investors in the DeFi space. Stakeholders will benefit as the reduced supply may lead to increased demand and potential price growth.