Lisk rebrands as payments platform and burns 100M LSK
- —The DAO approved burning 100M LSK, cutting issuance from 400M to 300M
- —Lisk Chain will shut down on October 31, 2026, with the bridge taking at least 7 days
- —372.43M LSK are in circulation between the old network and Ethereum
- —LSK will become the platform's loyalty token: rewards and fee payments
Why it matters: The burn and migration deadline reduce LSK supply, while the rebrand gives the token product demand for the first time.
Source: NullTX
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