MANTRA issued a statement on the OM crash: the team did not sell, and planned to start the buyback and burn mechanism

robot
Abstract generation in progress

BlockBeats News, on April 16, MANTRA issued a statement on the OM crash event, saying that the MANTRA team is currently operating normally and promised to take all necessary measures to deal with the current market turmoil. During the OM crash, the MANTRA team did not make any sell-offs, and the token quota of the MANTRA mainnet OM team and the advisory team were all locked. MANTRA is currently known to have a large number of OM tokens transferred to trading platforms and used as collateral. BASED ON MANTRA'S REVIEW OF INDEPENDENT OBSERVATIONS OF EVENTS, IT CAN BE CONFIRMED THAT DURING PERIODS OF LOW MARKET ACTIVITY (AROUND 2 A.M. HONG KONG TIME MONDAY), LIQUIDATIONS OCCURRED AND THESE LIQUIDATIONS CAUSED UNDUE SELLING PRESSURE ON THE OM TOKEN MARKET. MANTRA WILL RELEASE DETAILS OF ITS OM TOKEN SUPPORT PROGRAM, WHICH WILL INCLUDE AN OM TOKEN BUYBACK AND SUPPLY BURN PROGRAM. MANTRA CEO John Patrick Mullin has publicly pledged to burn the funds allocated by his team.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
LuckyStarvip
· 04-16 12:34
Lies will never become facts.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)