DEEWON

Web3 on a low rider || DeFi || Airdrop || Nft|| Crypto trader|| Let's just DAO it.

[DEEWON @Dee_won_]

7/7

The takeaway:

~70% burned

~300M STREAM remains

Verifiable on chain

No mint authority

A burn is irreversible. Supply isn't demand.

https://t.co/2FOiaEe6sI @streamflow_fi

[DEEWON @Dee_won_]

1/7

The Streamflow Foundation didn't lock its solana:STREAMribRwybYpMmSYoCsQUdr6MZNXEqHgm7p1gu9M. It burned it.

699,994,595 STREAM was burned in a single Solana transaction, roughly 70% of the original 1B supply.

What happened, and why does it matter? 🧵

@streamflow_fi

[DEEWON @Dee_won_]

6/7
Why the 300M cap matters:

The Foundation allocation has been permanently removed from supply.

My read: the supply structure is now simpler to model because that large allocation is no longer part of the available supply.

But supply isn't demand. This isn't a price call.

[DEEWON @Dee_won_]

7/7

The takeaway:

🔥 ~70% burned
🔒 ~300M STREAM remains
⛓️ Verifiable on chain
🚫 No mint authority
A burn is irreversible. Supply isn't demand.
https://t.co/2FOiaEe6sI
@streamflow_fi

[DEEWON @Dee_won_]

6/7
Why the 300M cap matters:
The Foundation allocation has been permanently removed from supply.
My read: the supply structure is now simpler to model because that large allocation is no longer part of the available supply.
But supply isn't demand. This isn't a price call.

[DEEWON @Dee_won_]

@boniface_jrn Only one Boni

[DEEWON @Dee_won_]

@ExplorewitTunde Nah so

[Elon Mosque 🕌💵 @ExplorewitTunde]

Ibadan!, if you've been seeing these Billboards all around you, This is not an ad, it is an invitation.
https://t.co/bJeZFtarbC and trade differently!

[DEEWON @Dee_won_]

@BULLPURR 3ExB6LJLHECzcUcVXTJFFzPnG39BtNqCX5xTjosgc8VT

[DEEWON @Dee_won_]

@BULLPURR 3ExB6LJLHECzcUcVXTJFFzPnG39BtNqCX5xTjosgc8VT

[DEEWON @Dee_won_]

@BULLPURR 3ExB6LJLHECzcUcVXTJFFzPnG39BtNqCX5xTjosgc8VT