MANTRA Announces $25 Million OM Token Buyback, Representing Approximately 10% of Circulating Supply

BlockBeats news, on August 27, MANTRA officially announced a $25 million buyback of OM tokens, supported by major investors and stakeholders. Combined with the previous $20 million investment from Inveniam, the total committed funds have reached $45 million. The buyback plan will be executed by MANTRA AG and carried out transparently over several months through multiple centralized trading platforms at near-market prices. The repurchased OM tokens will be withdrawn from the trading platforms as ERC20 tokens, subsequently migrated to the MANTRA mainnet, and staked to validator nodes. Based on current prices, the buyback plan involves approximately 110 million OM tokens, representing about 10% of the circulating supply.