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 was great that I trusted and invested in XLM. I did not expect that they would burn half of the coin's total supply. I was very surprised when they did that. And the value of XLM has increased dramatically along with the FOMO of the community. I will continue to keep and invest in XLM in the future because I really love the team.