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Altcoin Discussion
Re: Burning of the XLM supply
by
alyssa85
on
06/11/2019, 00:10:40 UTC
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
It's only good if wins publicity and attracts people to buying some of the remaining stellar. Otherwise it's a useless gesture.