Post
Topic
Board Altcoin Discussion
Re: Stellar burned half of it's supply and Price Spikes
by
o48o
on 05/11/2019, 14:34:07 UTC
The Stellar Foundation burned half of its digital token’s supply of around 55 billion XLM feed an approximate value of $ 4.7 billion were burned. On Monday, the foundation announced that they have done this for network growth. The announcement made during the stellar Meridian Conference by the CEO of stellar Foundation, Denelle Dixon.

Source: TheCoinRepublic

Wow, i heard there was some burning but that's a lot! Has there even been such a large value public burns in the history of crypto, or is this the largest yet? I think i have followed this space pretty closely for a long time and i haven't heard of such, but so many things are happening that i always miss something.