Emre Yumlu 
John Patrick Mullin, the CEO and founder of MANTRA, has officially announced that he will burn his allocated 150 million OM tokens, fulfilling a commitment he made to the community last week. This decision underscores the platform’s dedication to long-term sustainability and transparency, while aiming to rebuild trust among supporters.
Security-Staked Tokens Now Set for Burn
The 150 million OM tokens in question were staked at the time of mainnet launch in October 2024 to help secure the network. The unstaking process is currently underway and will be completed by April 29, 2025. After this, the tokens will be permanently removed from circulation by being sent to a designated burn address.
Significant Reduction in Total Supply and Staked Tokens
Following this burn, OM’s total supply will decrease from 1.82 billion to 1.67 billion tokens. Meanwhile, the amount of staked OM will drop from 571.8 million to 421.8 million tokens. This will reduce the bonded ratio from 31.47% to 25.30%, which is expected to positively impact staking rewards (APR) across the network.
Transparent and On-Chain Execution
Once the burn transaction is finalized, it will be fully verifiable on-chain, ensuring complete transparency. MANTRA has reiterated its goal to conduct this process in a way that strengthens user trust and reflects its decentralized values.
Another Burn on the Horizon?
In addition, MANTRA is in discussions with key ecosystem partners to implement an additional burn of 150 million OM tokens. If executed, this would bring the total burn to 300 million OM, significantly enhancing the token’s deflationary nature and long-term value proposition.
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