How SUBBD’s Creator Economy Eliminates Risks Exposed by OM Token Crash
The post How SUBBD’s Creator Economy Eliminates Risks Exposed by OM Token Crash appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After cruising along at a fairly stable range, north of $6 per token, $OM – a top-100 token – plunged over 90%. A token that had weathered much of the past month’s turmoil was undone by too much centralization, with token liquidations prompting the sudden collapse. What happened to the $OM token? And how does the new crypto SUBBD Token ($SUBBD) avoid the same problem? Centralized Exchange Liquidations Lead to OM Token’s Collapse On April 13, MANTRA’s $OM token experienced a dramatic 90% drop, attributed to forced liquidations by centralized exchanges during low-liquidity hours. John Patrick Mullin, CEO of MANTRA, stated that ‘reckless forced closures’ on centralized exchanges caused the OM token’s sharp decline. He emphasized that neither the MANTRA team nor its investors were responsible, noting that all tokens remain locked per their vesting schedules. The crash occurred during low-liquidity hours on a Sunday evening UTC, raising questions about the timing and discretion exercised by these exchanges. While centralizing exchanges are critical partners for the success of projects like MANTRA, they operate with little accountability. The incident has sparked a broader conversation about the need for decentralized solutions and underscores the systemic risks associated with centralized platforms. Could decentralized, AI-powered platforms like SUBBD Token offer a more resilient alternative? As Mullin responded in an X statement: ‘When discretionary powers are exercised without due internal and external oversight, dislocations like what recently happened can and will occur, hurting both projects and investors alike.’ For smaller platforms to succeed, decentralization needs to be an essential part. SUBBD Token: A Decentralized, AI-Powered Platform for Creators and Fans MANTRA exists to provide real-world-asset solutions with top-level security. SUBBD Token ($SUBBD) exists to empower digital content creators with advanced AI tools…
Filed under: News - @ April 14, 2025 8:28 am