Burn 25% of the total supply to save a token that the original chain is about to shut down—this is a reckless move of #lisk
Lisk will officially close its blockchain on 31/10/2026 after nearly a decade of operation, shifting entirely to a corporate financial management platform combining fiat and stablecoins.
The proposal is to burn 100M $LSK from the DAO treasury, reducing the total supply from 400M to 300M, equivalent to cutting 25%. The DAO will also be dissolved; the remaining ~47M $LSK will be transferred to Lisk Ltd. $LSK will become loyalty #Token for the new platform, which businesses will use to receive rewards and pay fees. TVL on the chain is currently only around $139000, down sharply from $5.47M at the start of the year—the real reason behind the decision to shut down the chain.
The price surge right as the project announces the death of its core product is the most notable paradox. The market is betting on a scarcity mechanism that burns #token , rather than on whether this entirely new, unproven business model will succeed.
Lisk will officially close its blockchain on 31/10/2026 after nearly a decade of operation, shifting entirely to a corporate financial management platform combining fiat and stablecoins.
The proposal is to burn 100M $LSK from the DAO treasury, reducing the total supply from 400M to 300M, equivalent to cutting 25%. The DAO will also be dissolved; the remaining ~47M $LSK will be transferred to Lisk Ltd. $LSK will become loyalty #Token for the new platform, which businesses will use to receive rewards and pay fees. TVL on the chain is currently only around $139000, down sharply from $5.47M at the start of the year—the real reason behind the decision to shut down the chain.
The price surge right as the project announces the death of its core product is the most notable paradox. The market is betting on a scarcity mechanism that burns #token , rather than on whether this entirely new, unproven business model will succeed.
