Streamflow Burns 70% Of STREAM Supply In 699.99M Token Cut

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR The Streamflow Foundation has burned 699.99 million STREAM tokens in a single onchain transaction. Total supply fell from roughly 1 billion STREAM to 300 million. The foundation says its product operations, vesting schedules, staking and airdrop services are unchanged by the supply reduction. Streamflow has made one of the more dramatic token-supply changes of the week, destroying almost 700 million STREAM in a single transaction. The Streamflow Foundation burned 699.99 million tokens on September 23, cutting total supply from roughly 1 billion to 300 million. Unlike A Lockup, These Tokens Are Gone Token projects use several different methods to reduce the amount of supply that can reach the market. Tokens can be locked, vested over time or held inside a treasury. A burn is different. The tokens are destroyed through the blockchain’s token program and removed from the recorded supply. In STREAM’s case, the foundation says the transaction eliminated the tokens it controlled, representing approximately 70% of total supply. Onchain data following the transaction showed supply arou...