this coin has not only too much supply, but they print more. just like a 3rd world country.
Recently they actually burned over half of the supply of this project. With that being said, value wise I do agree that the amount is too high for quick pumps, but the foundation for this project is very solid. If the market does end up turning bullish in 2020, then XLM and most other projects will end up going upwards in price.
@mich what does 8% p.a translate into in APR?
But this is a XRP rip-off ffs, and what do u expect to happen in a centralized state like this where Foundation could print or burn banknotes at will? Foundation has gotten too cocky and arguably abuses its privileges. But there is no infraction of the law because the Foundation is the law. Price doesnt even matter in a scenario where someone has an overwhelming control over supply of intangible assets.