randomm

OM Token’s 90% Crash Highlights Centralization Risks: Is SUBBD Token the Decentralized Future?

What happened to the $OM token? And how does the new crypto SUBBD Token ($SUBBD) avoid the same problem?

On April 13, MANTRA’s $OM token experienced a dramatic 90% drop, attributed to forced liquidations by centralized exchanges during low-liquidity hours.

John Patrick Mullin, CEO of MANTRA, stated that ‘reckless forced closures’ on centralized exchanges caused the OM token’s sharp decline.

He emphasized that neither the MANTRA team nor its investors were responsible, noting that all tokens remain locked per their vesting schedules.

The crash occurred during low-liquidity hours on a Sunday evening UTC, raising questions about the timing and discretion exercised by these exchanges.

OM Token’s 90% Crash Highlights Centralization Risks: Is SUBBD Token the Decentralized Future?

What happened to the $OM token? And how does the new crypto SUBBD Token ($SUBBD) avoid the same problem?

On April 13, MANTRA’s $OM token experienced a dramatic 90% drop, attributed to forced liquidations by centralized exchanges during low-liquidity hours.

John Patrick Mullin, CEO of MANTRA, stated that ‘reckless forced closures’ on centralized exchanges caused the OM token’s sharp decline.

He emphasized that neither the MANTRA team nor its investors were responsible, noting that all tokens remain locked per their vesting schedules.

The crash occurred during low-liquidity hours on a Sunday evening UTC, raising questions about the timing and discretion exercised by these exchanges.

https://bitcoinist.com/how-subbd-eliminates-risks-om-token-crash/