70% of the total solana:STREAMribRwybYpMmSYoCsQUdr6MZNXEqHgm7p1gu9M supply is permanently burned.
That was 100% of
@StreamflowFDN holdings, plus some of the allocation reserved to continue incentivizing team members.
I've personally returned ~90% of my STREAM allocation (5% of the supply) — one part was burned, and another part was returned to the team bucket.
What remains: existing vesting contracts, a small team reserve, active staking rewards, and freely circulating tokens. That's it.
All of this is transparent and on-chain, as always.
As there's no mint authority, this burn caps the total supply at 300,000,000 STREAM
(30% of the original supply)
This cap sets the ground for a true 1-to-1 swap for xSTREAM, which is planned to go live in October.
xSTREAM is a token with economic and legal claims to 30% of the equity of Streamflow Research S.A. (the operating company behind
@streamflow_fi).
Expect more details about xSTREAM, the swap, the tokenization platform itself, and our upcoming product launch in the coming days.
In the meantime, here are more details about the burn itself 👇