MANTRA has announced that it will permanently burn 150 million OM tokens once the ongoing unstaking period ends on April 29, 2025, as part of a broader plan to ultimately remove up to 300 million OM from supply. The 150 million tokens being burned come from CEO and founder John Patrick Mullin’s team allocation, which was staked at MANTRA Chain’s mainnet launch in October 2024 to help secure the network. These tokens are currently unbonding and, after April 29, 2025, are set to be sent to a designated burn address, where they will be permanently removed from circulation. This first 150 million OM burn will reduce MANTRA’s total token supply from 1.82 billion to 1.67 billion OM, while cutting the number of staked tokens from 571.8 million to 421.8 million OM. That drop in staked tokens will lower the network’s bonded ratio from 31.47% to 25.30%, which MANTRA says should result in higher on-chain staking APRs for remaining stakers. In parallel, MANTRA is in talks with key ecosystem partners about an additional 150 million OM burn, which, if completed, would bring the cumulative burn to 300 million OM and further cut the supply to around 1.52 billion OM. The initiative is framed as part of an “OM Token support plan” launched after a sharp OM price crash in mid-April 2025, aimed at rebuilding community trust through transparent, on-chain verifiable supply reduction and complementary measures such as a token buyback program.

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