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Just saw this news, MANTRA is adding at least 25 million USD for the buyback of $OM, approximately 10% of the circulating supply.
With the previous $20 million investment from Inveniam, the total committed funds reached $45 million.
The senior calculated that based on the current price, the buyback plan involves approximately 110 million $OM tokens, accounting for about 10% of the circulating supply.
Moreover, this part of the tokens is prepared to be migrated to the MANTRA mainnet and staked to the validator nodes.