Major Adjustment: FLOW Token Burning Plan Revealed
According to official announcements, the Flow Foundation has confirmed that it will permanently burn over 50 million FLOW tokens at 12:00 PM Pacific Time today.
The exact amount to be burned is 50,343,896.87 FLOW, marking a key step in optimizing the token economy and reinforcing long-term support for the network's value.
Simultaneous Long-Term Reserve Strategy
In parallel with this burn, the Foundation has also revealed plans to purchase an additional 50 million FLOW from public markets over the coming months, allocating them to long-term reserves.
- The burn will reduce circulating supply, potentially creating positive price dynamics
- New reserves will strengthen the ecosystem's financial foundation and resilience
- These actions demonstrate confidence in FLOW's future trajectory
More than just technical adjustments, these moves represent a strategic commitment to the long-term health and growth of the FLOW ecosystem.