Just saw that Mantra is burning 160 million OM tokens after that brutal 90% price crash. Like, that's a lot of tokens going up in smoke. What caught my attention is that half of it's coming from the DAO founder himself - so at least someone's putting skin in the game instead of just talking about it.



Not sure if this mantra crypto move actually changes anything though. Token burns are supposed to help with scarcity and price recovery, but we've seen this play out so many times before. Sometimes it works, sometimes it doesn't. The fact that they're doing this after such a massive dump makes me wonder if it's genuine recovery effort or just damage control.

Either way, watching how the mantra crypto community reacts to this will be interesting. If the burn actually leads to some recovery, could be a decent lesson in tokenomics. If not, well... another reminder that burning tokens isn't a magic fix. What's your take - think this mantra crypto move has any real teeth?
MANTRA-1.38%
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin