John Moulin, CEO of Mantra, addressed the main concerns of society after the sharp decrease in the om symbol during the ASK Me Session (AMA) hosted by CointeleGraph on April 14.
Inclinoes Reassuring Users working in a talisman and its partners actively work to support the recovery of the mantra code (OM), although it indicated that the details about the symbolic and potential burns process are still under development.
The CEO said: “We are still in the early stages of assembling this plan to conduct a possible re -purchase of symbols,” adding that recovering the distinctive symbol is “the prominent and the main park at the present time.”
At the time of writing this report, om was traded at $ 0.73, which is slightly higher than the post -control decline of $ 0.52 registered on April 13 at around 7:30 pm UTC, According to To data from Coingecko.
“Understanding allegations”
In addition to rejecting reports claiming that the main investors in a talisman threw the distinctive symbol of OM, Mantra CEO denied allegations that the Mantra team controls 90 % of the distinctive symbol supply.
“I think it is unfounded. We have published a report on societal transparency last week, and all the different portfolios appear,” he said, highlighting the “sides” of the symbol features in a talisman.
Source: Cointelegraph
“You have the Ethereum side and you have the main side,” Moulin pointed out, adding that the distinctive code based on ETHEREUM has been directed very much and has been present since August 2020.
“The biggest holder of om on Exchang is Binance,” Molin, referring to the audience to Ethescan Records.
Om Holdings. Source: ethescan
However, the Om O senior portfolio currently retained by Crypto Exchange OKX, which controls 14 % of the circulating offer, or approximately 130 million icons.
What is the next of the Mantra Fund 109 million dollars?
Moulin also addressed the Mantra EcRA Fund (MEF), a $ 109 million fund launched on April 7 in cooperation with its main strategic investors, including Laser Digital and Shorooq.
Other investors in the Brevan Howard Digital, Valor Capital, Three Point Capital, Amber Group, MAFOLD, UOB Venture, DAMAC, Fuse, Lvna Capital, Forte, Forte and others.
Related to: A talisman wore 200 % after the collapse
According to Moulin, the box is not only consisting of a Mantra om icon and has “dollar obligations and dollar contributions”.
Investors in a $ 109 million talisman box. Source: Talia
“We will continue to invest and support the ecosystem as part of this recovery plan.”
The end of Stoke on Binance
In Ama, Mantra CEO also said that a 38 million deal for the Binance Cold port on April 14 is linked to Staking on Binance.
“It was actually Binance,” said Moulin.
source: Onchain lens
“Therefore, they have just brought them back because Stokeing is over,” he said.
Moulin also confirmed that many of the transactions that caught the reactions of society after Crash included guarantees through an unveiled exchange.
“Effectively, these symbols were used as a guarantee on the stock exchange. Then the stock market decided that the situation they wanted to keep any longer, for any reason,” said Moulin, adding:
“Therefore, what happened was basically, the positions were seized by the stock exchange that seized the guarantee and started selling, causing a series of pressure pressure and forced more references.”
Moulin said that the talisman was still committed to dealing with the situation as much as possible.
“We are not running away from anything,” he said, adding that the accident was “a very unfortunate situation.”
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