MANTRA Joint Creation reiterates that it will destroy its personal OM share and create a comprehensive destruction procedure for OM
On April 16th, according to BlockBeats, MANTRA co-founder JP Mullin issued a statement stating, "For 100% clarity, I declare that I am destroying my team token and we will create a comprehensive destruction program for the other parts of OM supply Earlier today, MANTRA Joint Venture JP Mullin proposed to destroy his OM token holdings in order to restore investor confidence after the price crash. Mullin stated that the tokens he holds are part of the team's reserved 300 million OM tokens, with an unlocking period ending in April 2027. Although Mullin made a commitment and disclosed his current holdings, he did not disclose the specific amount of holdings, stating that he will wait until the destruction plan is ready before announcing the token shares he holds. According to Tokenomist data, Mullin currently holds approximately 772000 OM tokens, which is less than 1% of the over 80 million OM tokens in circulation as of April 15th.