Mantra DAO Strategy: Recovery Plan and Community-Driven Governance for OM Tokens
John Patrick Mullin, wey be CEO of Mantra DAO, dey tackle the sharp drop wey dey happen to OM Coin value by implementing buyback and token burn program, while no team token don sell during the wahala. Mullin dey make market dey clear with live data panels. Recently, Mullin dey find community input ontop the future of 772,081 OM tokens wey him hold, wey him aim na to make decentralized governance strong. The community fit choose to burn token sharp sharp, extend vesting, keep am for community multisig wallet, or unlock based on milestone. This things wey dem wan do na to make the token value dey stable, bring back trust, and fit set example for how community dey involve in crypto governance.
Neutral
Even though say the buyback and burn plan fit reduce the amount of OM tokens wey dey, and fit even help make the price no dey change anyhow, the way the community dey involved to decide wetin go happen to plenty tokens fit build trust and make things clear, wey fit lead to price wey no dey move anyhow. But, we no sure how e go affect market because the recovery still dey go on, so the effect on top trading no too clear.