Streamflow Burns 70% Of STREAM Supply In 699.99M Token Cut
Streamflow reduced STREAM’s total supply in a single onchain burn, removing 699.99 million tokens and bringing the supply down from roughly 1 billion to 300 million. The foundation also said its product operations, vesting schedules, staking, and airdrop services were unchanged after the reduction.
What this rests on
What it means
Each sentence links inside to the piece that supports it.
Streamflow users and anyone tracking the token’s circulation notice a much smaller reported supply after the burn. The foundation’s stated product operations, vesting schedules, staking, and airdrop services remain in place, so those functions are still being handled under the same setup today.
In practice, the token’s recorded supply moved from roughly 1 billion to 300 million after the foundation removed its allocation in one transaction. What stays the same, from the details given, is that the foundation says its operating functions around product work, vesting, staking, and airdrops are unchanged.
Market reaction
How the story was built
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
Bitcoinist
Has this happened before?
Nothing comparable yet.