Re: Burning of the XLM supply

Quote from: Nnuego on November 05, 2019, 09:25:47 PM

Half of the XLM supply is gone. The team has burned about 55BXLM, do you think this is a good step for the tokenomics
https://www.coindesk.com/stellars-foundation-just-destroyed-half-the-supply-of-its-lumens-cryptocurrency
For me, does supply really have much impact on token price? Token demand is crucial regardless of the supply number
Just read about it now and i decided to share

Wow i HOPE it affects the price atleast, 55b is a huge number, it reminds me they had way too many coins to begin with : /
Steller has had some interesting airdrops over the years, so many i lost count, and my tokens too haha
I should look into finding those, or snagging some in market, XLM has been in production so long its GOT to do something eventually, maybe 2020 will be big for it...