Flow Foundation: A Commitment to FLOW

Flow Foundation has published a commitment to FLOW, backed by three initiatives.

1️⃣ At 12:00 PM PT today, the Foundation will permanently burn 50,343,896.87 FLOW, removing them from circulation entirely. These tokens were acquired through open-market purchases and Foundation treasury funds over the past two months.

2️⃣ The Foundation is committing to acquire a minimum of an additional 50,000,000 FLOW from the open market, to be held in long-term treasury, over the next few months.

3️⃣ The transaction fee update that went live in December is designed to make FLOW net deflationary at a sustained 250 TPS. Even with the fee increase, transaction costs on Flow remain among the lowest of any Layer 1 network.

Full details here:
https://x.com/flow_blockchain/status/2026017608970211570?s=46&t=T6SxtrR1ikBVPf5dmzNq4Q