Summary
- "It was stated that the buyback and burn plan for OM is in its early stages."
- "He completely denied claims that the MANTRA team controls 90% of the token supply."
- "He explained that the transfer of 38 million OM is related to the termination of Binance's staking program."
John Mullin, CEO of MANTRA (OM), recently stated in an AMA that the buyback and burn plan is in its early stages in relation to the OM crash.
According to Cointelegraph, a cryptocurrency-focused media outlet, on the 14th (local time), he completely denied claims that the MANTRA team controls 90% of the token supply and that large investors dumped tokens before the OM crash.
Additionally, regarding the 38 million OM transferred to Binance's cold wallet, he explained, "This is related to the termination of Binance's staking program, where Binance used OM for staking purposes and returned the amount after the program ended."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
