The Solana foundation announced the permanent removal of 11.365 million sols from its token supply

On May 24, the Solana foundation officially announced that it had removed 11,365,067 (SOL) tokens from circulation following a pledge earlier this month to reduce the supply of tokens in response to market-making activities, BlockBeats reported.

At the time of the announcement, Solana's total circulating supply was 16,350,594, in line with the total estimated supply for may outlined in the SOL token release schedule in the Binance Research Report, and includes all unlocked tokens not directly controlled by Solana Labs and the foundation, including market-making activities.

There are no tokens from investors or teams to unlock, and the foundation has no plans to release any more tokens in May; Subsequently, the Solana foundation will partner with Binance to launch the $100,000 airbnb airdrop process soon.

Extended reading:Dialogue Solana: the world's first web-scale blockchain

The original link: https://mp.weixin.qq.com/s/xZQKazGobS6lKwW - _pdMw

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