Recently, the LN token community made a significant decision. After a community vote, approximately 24.1% of the circulating LN tokens will be burned, which amounts to 28,498,995 LN tokens. This move will have a significant impact on the supply of LN tokens.

Before the burn, the circulating supply of LN tokens was 118,250,000, and the maximum supply was 1,000,000,000. After the burn operation is completed, these two numbers will be reduced to 89,751,005 and 971,501,005, respectively. This change highlights the deflationary characteristics of LN tokens.

It is worth noting that this burn operation will be executed on the Bitcoin mainnet, ensuring that the entire process takes place entirely on-chain and can be publicly verified. This level of transparency helps enhance the community's confidence in the project.

The LN token has had deflationary properties since its inception, and this large-scale destruction is undoubtedly a strong testament to this characteristic. The project team stated that they will issue a formal announcement after the destruction operation is completed.

This decision reflects the increasingly popular deflationary strategy in the cryptocurrency space. By reducing the token supply, the project team hopes to enhance the scarcity and value of the token. However, the long-term effects of this practice remain to be seen. Investors and community members should closely monitor the impact of this burn on the market dynamics of LN tokens.