If a commodity is very useful then demand will be created properly. That's the law.
What I see in XLM is that they can still make demands for people so that when the supply is reduced, the price surge will definitely occur because of its limitations. Demand is created because of the development that continues from the beginning until now. Yes, of course, towards better and more complex things. And that's what I saw in XLM from the very beginning they came out until now.
Topic: Burning of the XLM supply - page 2. (Read 270 times)
Wow i HOPE it affects the price atleast, 55b is a huge number, it reminds me they had way too many coins to begin with : /
Uh, yeah I'd say if 55 billion coins represents *half* of the supply, there's probably way too many circulating. If you ever wondered why dogecoin never seems to be able to break out of the 20 sat range, that's the reason, and doge has about 122 billion coins floating around currently.But even if they wiped out those 55 bln coins, there still has to be a demand for the remaining ones. It's a nice reduction on the supply side, but demand is something they can't control. You might think that this would boost the price, but unless people keep buying XLM there's going to be little change, at least in the long term.
Burning supply would probably increase market price, but I don't think its effects would last.
Right, I agree. There might be a little rally based on this news, but as I said unless there's a sustained interest in the coin there's not going to be much of a long term effect. I also don't know how popular it is. I've heard of XLM here and there but I've never really heard anything great about the project.
Well burning of coins will be good on our side and the team why because of the law of demand and supply when the supply get smaller the demand increases and the price increases but if the supply gets bigger the demand decreases and the price decreases i think that the xlm team strategy is good since the price of it got decrease and their supply is very big burning them would be the best option to increase the price.
Token burning is usually intended to minimize the total supply available at this time and thus they hope that with limited supply and high levels of demand, this can have a major impact on the growth of their token prices. However, on the other hand we also need to see the real use case from the use of their tokens. So far XLM has quite interesting utilities and a very routine and up-to-date development. I can hope this can attract the attention of new investors who want to invest in this project in the long run instead of just looking for short-term profits.
Burning supply would probably increase market price, but I don't think its effects would last. As soon as the prices would soar, people would just dump their holdings which would bring the prices back down. It's just for temporary hype and for hopes that it would revive its market. But for me, once it becomes irrelevant and people moved on to another coin in the market, without real progress and advancement in the technology and adoption, there's just little chance that it would get back up.
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. 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
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. 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
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.
Awesome from the team that they had burned 55 billion of its XLM tokens, yes, it will have impact with the price for sure, we many not see it now, but we can see its impact once the demand continuously increasing, after they burned it for sure massive marketing will be their next big thing that will be announced, they are now getting competitive over the market, it's quite interesting now as I am not a fan of XLM before, but now beginning to watch it.
will certainly have an impact also on the price of tokens let alone that burned very much 55b.
maybe it won't have a big impact right away but I'm sure demand will be high on XLM and slowly the price will increase.
What's more, XLM is the top 10 altcoins in CMC.
maybe it won't have a big impact right away but I'm sure demand will be high on XLM and slowly the price will increase.
What's more, XLM is the top 10 altcoins in CMC.
The largest supply of the tenth-based cryptocurrency market capitalization, Stellar lumens (XLM) has literally been on the burn 50% of the Total supply in unprecedented steps in the history of the blockchain. This has resulted in a huge surge in price for altcoins, which now trades up to 20 percent in the last few hours.
Source
Source
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
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's only good if wins publicity and attracts people to buying some of the remaining stellar. Otherwise it's a useless gesture.
Stellar XLM burnt half of their total supply to help boost the current XML market price. But I'm afraid the people are no longer interested on buying Stellar XML. People tend to focus on what is selling, the most profitable coin in the market and as of now it is bitcoin.
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
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
Wow i HOPE it affects the price atleast, 55b is a huge number, it reminds me they had way too many coins to begin with : /
Steller has had some interesting airdrops over the years, so many i lost count, and my tokens too haha
I should look into finding those, or snagging some in market, XLM has been in production so long its GOT to do something eventually, maybe 2020 will be big for it...
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
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
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