Post
Topic
Board Altcoin Discussion
Re: Stellar burned half of it's supply and Price Spikes
by
boris1044
on 13/11/2019, 20:17:06 UTC
The Stellar Foundation burned half of its digital token’s supply of around 55 billion XLM feed an approximate value of $ 4.7 billion were burned. On Monday, the foundation announced that they have done this for network growth. The announcement made during the stellar Meridian Conference by the CEO of stellar Foundation, Denelle Dixon.

Source: TheCoinRepublic

Obviously lol it increased the value on the market 14%.. Can see another one to come with 20 bil or so left to buy up and with the increased value.. even more being minted. They've got 55billion to make before the caps hit so roll on and let's see what happens. Good buy for holding I think.