Following the recent drop in the value of the Mantra (OM) digital currency, John Patrick Malin, the CEO of the project, has suggested burning the OM tokens to restore investor confidence. Despite OM token experiencing a double-digit growth in the past 24 hours, Malin has expressed his intention to burn all team tokens and let the community and investors decide whether he deserves to receive these tokens again after the situation improves. However, Ryan Noviner, the founder of Crypto Venture, has raised concerns about this plan, believing that burning the team’s motivation could harm their motivation in the long run. Malin explained that initially, this plan will only include his personal share, which is around 772,000 OM tokens. He has also mentioned a token buyback and burn program. Despite the allegations, Malin has emphasized that the team has not sold any tokens, and all team tokens are locked.
