VC practitioners reveal: OM model is a ground promotion 0TC platform, with a scale of 500 million dollars
ChainCatcher news, according to HashKey Capital member Rui and ArkStream Capital Founding Partner Ye Su's revelation on X, the cryptocurrency project MANTRA (OM) is a "ground push 0TC," with an over-the-counter scale reaching $500 million, operating in a cycle of "new 0TC tokens taking over old 0TC sell-offs" until the last unlocked chips "0TC immobile" explode.
According to the revelation, in 2023, when the FDV of the OM token dropped to $20 million and was nearly abandoned, a Middle Eastern capital intervened in the acquisition through a broker, retaining only the CEO position. This Middle Eastern capital owns a large number of physical assets such as luxury homes and resorts, and subsequently packaged OM as a real-world asset tokenization (RWAfi) project.
Ye Su stated that under highly controlled operations, OM achieved the highest increase on Binance in 2024, realizing a 200-fold growth, and the team is still promoting the "OTC market" business.