MANTRA： The team did not sell and plans to initiate a repurchase and destruction mechanism

On April 16th, MANTRA released a statement regarding the OM crash incident, stating that the MANTRA team is currently operating normally and promising to take all necessary measures to address the current market turbulence. During the OM crash, the MANTRA team did not engage in any selling, and all token quotas of the MANTRA mainnet OM team and advisory team were locked up. MANTRA currently knows that a large number of OM tokens have been transferred to trading platforms and used as collateral. According to MANTRA's independent observation and review of the event, it can be confirmed that a forced liquidation event occurred during a period of low market activity (around 2am Hong Kong time on Monday), which caused excessive selling pressure on the OM token market. MANTRA will release detailed information on its OM token support program, which will include OM token repurchase and supply destruction plans.