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VC practitioners break the news: OM promotes OTC orders for the land

On April 14, according to HashKey Capital member Rui and ArkStream Capital Founding Partner Ye Su, the cryptocurrency project MANTRA (OM) is a "local OTC market" with an OTC scale of US$500 million. It uses the "new OTC token to pick up old OTC selling" model to operate in a cycle until the finally unlocked chip "OTC does not move" explodes. According to reports, in 2023, when the OM token FDV fell to US$20 million and was almost abandoned, under the facilitation of a middleman, a Middle Eastern capital company intervened in the acquisition and retained only the CEO position. The Middle East capital owns a large number of physical assets such as luxury homes and resorts, and subsequently packaged OM into a physical asset tokenization (RWAfi) project. Ye Su said that under high market control, OM hit the highest increase in Binance in 2024, achieving a 200-fold growth. The team is still promoting the "OTC market" business recently.

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