BlockHunters
@BlockhuntersOrg • 9,312 subscribers
Crypto-native collective running validators, RPCs, and infra, paired with a media house telling the stories of top projects we support.
Shorts
Videos
Straight Outta Berachain The first Berachain Foundation 🐻⛓ documentary. Drops June 5.
BlockHunters712,084 Aufrufe • vor 1 Jahr
A few words about the MANTRA | The EVM L1 for RWAs situation — from our perspective. BlockHunters has been a validator and community builder for MANTRA since even BlockHunters was LIVE. We’ve supported the mission of bridging real-world finance with onchain infrastructure, and we’ve witnessed the team’s resilience and responsiveness firsthand. This recent period has tested the strength of the community, but we believe it also highlights MANTRA’s willingness to listen, evolve, and act with integrity. We stand behind the project, its leadership, and its future — and we’re proud to continue building alongside them. Two weeks ago, the price of $OM — the native token of MANTRA Chain — suddenly crashed. People were confused and upset. Many thought the MANTRA team might have sold tokens, causing the drop. But according to current statements from the team, that is not what happened. What actually occurred was a liquidation cascade on centralized exchanges. That means some people who had borrowed money to hold $OM were automatically forced to sell when the price dipped — and that selling triggered more selling, like a chain reaction. The end result? A fast and painful crash. Understandably, the community was shaken. In response, MANTRA’s founder JP Mullin has made a public and symbolic commitment: he’s burning all of his 150 million $OM team tokens — permanently removing them from circulation to restore trust. BREAKING DOWN THE SITUATION – COMMUNITY-SOURCED SUMMARY A respected community member, Crypto Fundamentalist, shared a helpful breakdown of the current state of the $OM situation, based on JP’s public updates and community communications. Main takeaways: - No sales by the Mantra team during the price crash. - Evidence of large liquidations on centralized exchanges triggering a cascade. - A token buyback and supply burn program is coming. - JP has committed to burning his own allocation. - A dashboard with live token bucket balances is in the works. - Further transparency reports (including fundraising history) are expected. - Legal investigations are ongoing. - More clarity to come, especially from exchange-side data. 150 MILLION OM BURN – SYMBOLIC AND STRATEGIC JP Mullin has committed to burning his full 150 million OM token allocation. These tokens were originally staked at MANTRA’s mainnet launch in October 2024 to help secure the network. Here’s how it’s going down: - The tokens are currently unstaking - They will be sent to the burn address on April 29, 2025 - This burn will reduce the total supply of OM by 8.24% ON-CHAIN EFFECTS: APR BOOST FOR STAKERS Once the burn is complete: - Total Supply: Decreases from 1.82B → 1.67B OM - Staked Tokens: Decrease from 571.8M → 421.8M OM - Bonded Ratio: Drops from 31.47% → 25.30% - APR Increases: Stakers benefit directly from higher yields This move improves tokenomics while rewarding long-term participants in the ecosystem. TOKEN BUYBACK PROGRAM – STILL TO BE ANNOUNCED MANTRA is also planning an official token buyback and burn program, potentially targeting an additional 150 million OM. This would bring the total burn to 300 million OM, further reducing supply. While details are still in development, this initiative is expected to strengthen OM’s position in the market. WHAT IS MANTRA? MANTRA is a regulatory-compliant, real-world asset (RWA) Layer 1 blockchain. Built for developers, institutions, and the next wave of tokenized finance, MANTRA offers: - RWA tokenization infrastructure - Compliance modules and permissionless access - Interoperability with major blockchains MANTRA holds a VARA license from Dubai to operate as a Virtual Asset Exchange, Broker-Dealer, and Investment Management entity. JP'S OFFICIAL STATEMENT (25th April 2025) “This has been humbling. And heartbreaking. We need to take a moment to regroup and make sound decisions. I promise that our team won't rest until we've made this right.Every day, we continue to investigate what happened and develop plans to prevent it from happening again. Next week at TOKEN2049 in Dubai, I’ll be speaking and releasing concrete next steps for MANTRA — including enhanced governance, transparency reports, and the full execution of my token burn.We’re listening. We’re working around the clock. And we’re not backing down from the responsibility we owe to this community.”— JP Mullin 🫡🕉️ WE BACK MANTRA At BlockHunters, we’ve had the privilege of working closely with - across multiple collaborations and community efforts. Through the ups and downs, one thing has remained clear: MANTRA is building for the long term. Their transparent handling of recent events, commitment to decentralization, and push for token-holder alignment earns our full support. We stand behind MANTRA and their mission to redefine the tokenized asset space. Last year, we had the pleasure of welcoming JP on our podcast — long before this incident — for a deep dive into MANTRA’s vision, regulatory alignment, and the future of tokenized finance. 🫡🕉️
BlockHunters61,227 Aufrufe • vor 1 Jahr
Gmonad From HFT to building the next-gen EVM chain, Keone Hon shares the why behind Monad in this special episode of BlockHunters Voices On the Road, filmed IRL at Token2049 Dubai and hosted by ioachim viju. We covered: - The Jump Trading era and how the Monad founding team came together - Why Monad chose not to go the rollup route - How they’re scaling the EVM with parallel execution, a new consensus layer, and asynchronous design - What real decentralization actually looks like - Testnet growth, Monad Madness, and Shark Tank for devs - And why brand, community, and on-chain lore matter just as much as throughput
BlockHunters50,007 Aufrufe • vor 1 Jahr
🎙 BlockHunters Voices Episode 9 In this one, we’ve got janitooor.bera 🏴☠️📉 – creator of Cult as a Service and The Honey Jar 🏴☠️🐻⛓️🍯. He spills the tea on how Honey Jar came to life during the bear market and how it kept the vibes alive while everything else was tanking. Jani breaks down the art of building communities, spotting opportunities, and launching killer projects with incubation, partnerships, and marketing. Plus, we dive into all the NFT heat, with tons of collections dropped, Apiology DAO 🐼⛓️ doing its thing, and how THJ is leading the way as a venture studio in the Berachain Foundation 🐻⛓ ecosystem. If you’re into crypto cults, degen vibes, and all things Berachain, this one’s for you, ooga booga! Chapters: 00:00 Intro 01:43 Transition into Web3 02:11 How It All Began 06:27 Ties to Olympus DAO? 10:05 Community Building: A Learning Process 11:46 Who is Jani? 16:44 Building Connections 29:30 Berachain's Value Proposition 40:29 Honey Jar Ecosystem and NFTs 47:29 Fast-Paced Market 49:41 ApiologyDAO Explained 55:40 Bera Culture 101
BlockHunters47,220 Aufrufe • vor 1 Jahr
Internchain Summit, part of Berlin Blockchain Week 2025, felt like a family gathering for the Cosmos - The Interchain ⚛️ ecosystem. From builders and validators to NFT creators and chain-native frens, it all came together thanks to POSTHUMAN ∞ DVS and all the sponsors involved. Here’s a first sneak peek. More soon.
BlockHunters15,132 Aufrufe • vor 1 Jahr
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