MANTRA releases statement on OM plunge: The team has not sold, plans to launch a repurchase and destruction mechanism

蜡笔小_X_

数字货币大师

04-16 19:52

Focus

Expand Bot is not available

Helpful

Not Helpful

Play

On April 16, MANTRA issued a statement on the OM plunge, saying that the MANTRA team is currently operating normally and promises to take all necessary measures to deal with the current market turmoil. During the OM plunge, the MANTRA team did not sell out, and the token quotas of the MANTRA mainnet OM team and the consulting team were all locked.

MANTRA is currently known that a large number of OM tokens are transferred to the trading platform and used as collateral. Based on MANTRA's review of the event's independent observations, it can be confirmed that during periods of low market activity (about 2 a.m. Hong Kong time on Monday), forced liquidation events have put excessive selling pressure on the OM token market.

MANTRA will release details of its OM token support program, which will include OM token repurchase and supply destruction programs. MANTRA CEO John Patrick Mullin has publicly committed to destroying funds allocated by his team.

Open the app to read the full article

Expand DisclaimerAll content on this website, hyperlinks, related applications, forums, blog media accounts, and other platforms published by users are sourced from third-party platforms and platform users. BiJieWang makes no warranties of any kind regarding the website and its content. All blockchain-related data and other content on the website are for user learning and research purposes only, and do not constitute investment, legal, or any other professional advice. Any content published by BiJieWang users or other third-party platforms is the sole responsibility of the individual, and has nothing to do with BiJieWang. BiJieWang is not responsible for any losses arising from the use of information on this website. You should use the related data and content with caution and bear all risks associated with it. We strongly recommend that you independently research, review, analyze, and verify the content.

Comments(0)