POPA ReconSecret Network Dilutes Supply 75% to Fund Its Own Survival
Secret Network Dilutes Supply 75% to Fund Its Own Survival Secret Network minted 1.079 billion SCRT through its v1.26 community upgrade after Proposal 365 passed, cutting existing holders' collective share to about a quarter of the new total even as their token balances stay the same. The mint is a survival mechanism: SCRT Labs, the Cosmos L1's core developer, ends its support on September 1, so the community voted to self-fund the chain. The new SCRT was split across foundation and core-development programs (299M each), an ecosystem fund (178M), and smaller buckets for advisors, R&D, valida…
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