TechFlow news, August 27 — According to an official announcement by MANTRA, the blockchain project has launched its first strategic OM token buyback program, committing at least $25 million. Combined with Inveniam's previous $20 million investment, the total committed funding reaches $45 million.
The buyback program will be executed by MANTRA AG and carried out transparently over several months via multiple centralized exchanges at prices close to market rates. The repurchased OM tokens will be withdrawn from exchanges as ERC20 tokens, then migrated to the MANTRA mainnet and staked to validator nodes.
The announcement states that, based on current prices, the buyback program involves approximately 110 million OM tokens, representing about 10% of the circulating supply.
