Streamflow Foundation destroys 70% of token supply, permanently removing them from circulation
2026-09-30 20:06:45
CoinMeta Data: The Streamflow Foundation announces the destruction of 699.99 million STREAM tokens, permanently removing 70% of the total supply. This destruction covers all distributions by the foundation, including both locked and unlocked portions, as well as those allocated to the founders and future teams. The current total supply is now 300 million tokens, which is a reduction from the previous 1 billion. The destruction was carried out through Solana's programmed destruction instructions, directly reducing the total supply at the minting level. This destruction is irreversible and can be verified on the blockchain by anyone. The Streamflow Foundation will choose to completely eliminate this variable rather than delaying it through locking or policies.
Source:BeInCrypto
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