🚨 After 10 years of work, project $LSK has officially announced the closure of its network and a shift in focus toward a new financial platform for businesses.
But the surprise is that the coin isn’t going away: $LSK will continue to exist on the Ethereum network as a loyalty token for the new platform.
Most importantly, the team announced the burning of around 5.23 million LSK from undistributed staking rewards and unclaimed rewards, which will reduce the circulating supply.
This follows the burning of 100 million LSK in September, which brought the supply down from 400 million to 300 million coins.
The team plans to add new uses for the coin in 2027, including business rewards and platform fees.
To me, this is a major shift in the project’s direction, but the real question is: will the new platform succeed in creating actual demand for $LSK ?
But the surprise is that the coin isn’t going away: $LSK will continue to exist on the Ethereum network as a loyalty token for the new platform.
Most importantly, the team announced the burning of around 5.23 million LSK from undistributed staking rewards and unclaimed rewards, which will reduce the circulating supply.
This follows the burning of 100 million LSK in September, which brought the supply down from 400 million to 300 million coins.
The team plans to add new uses for the coin in 2027, including business rewards and platform fees.
To me, this is a major shift in the project’s direction, but the real question is: will the new platform succeed in creating actual demand for $LSK ?
