HBAR · zero inflation, zero buy — Council Treasury Release is the whole ledger.
50B HBAR was pre-minted at genesis in 2018; no protocol mint mechanism exists. Network fees flow to council nodes (they do not burn). The only sell pressure is the Council Treasury Management Report schedule. Q1 was quiet (~0.5B); Q2 forecast is a back-loaded ~4B Ecosystem release. Releases are LUMPY — past quarters have swung 300×, so last-90D ≠ next-90D.
50B HBAR pre-minted at genesis (2018). No protocol mint mechanism — Council nodes earn fees but do not mint new HBAR.
Council Treasury Management Report schedule. Q1 2026 actual 0.527B; Q2 2026 forecast 3.972B (back-loaded Ecosystem release at end of June). Window spans ⅖ Q2 + ⅔ Q3 → projected ~4.0B / 90D. Releases are LUMPY — past quarters have swung 300×, so last-90D ≠ next-90D.
Collapsed into Row #2 — Treasury Release IS the Hedera Council / Foundation distribution. §0.45.3.4 enumeration: 30+ Council orgs + Hedera Foundation + Hashgraph Association. Per-counterparty deployment within the Ecosystem bucket (~21.5B still allocatable) is Council-discretionary.
No long-term lockups. No bankruptcy estate.
No protocol-level buyback mechanism.
Network fees do NOT burn. Fees flow to council nodes and Treasury per the fee schedule. The Jan 2026 v0.69 fee bump increased Treasury income but does not affect HBAR supply.
No Foundation or Council accumulation programme.
No scheduled long-term lockup programme.
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