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

50 billion XLM burning to make price is up, I think is crazy doing by developer how to make stellar coin on higher price, last day the developer xlm team have announce with burning coin and price up to 30%, many people get much profit with trading in xlm last day. I late know which information talk with xlm burning coin more than 50 billion coin.