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

It does give a huge impact to the token price and you can see after the team has already burned the coins and then the price of stellar is increasing drastically. that means what has already done by the team gets a positive reaction from the market. It's a good thing to see that the company is not greedy like XRP. It looks like that ripple must learn from stellar consider about it has more than 60% premined coin.

in some news have already mentioned if the stellar will be focussing to build the price of token. that's why the company has decided to burn a lot of supply. I like this model of tokenomics rather than focusing on the platform.