Post
Topic
Board Altcoin Discussion
Topic OP
[2019-10-05] 55 billion token burn sends Stellar Lumens (XLM) price soaring
by
Bitcoin_Mafia_Me
on 05/11/2019, 21:53:50 UTC

I'm not sure how I feel about this. Is SDF doing this because they truly don't feel they need so many XLM or are they doing
it to drive up prices?



The Stellar Development Foundation (SDF) has burned over half of its total token supply of Lumens (XLM), sending prices
soaring more than 26 percent in less than an hour.

Speaking at Stellar’s inaugural Meridian conference in Mexico City on Monday, SDF Executive Director and CEO Danelle Dixon
announced the XLM token burn.


Read full article: https://micky.com.au/55-billion-token-burn-sends-stellar-lumens-xlm-price-soaring/