Stellar drops in year 2017 then this continue for two years still the developer or team behind this continue to develop this here in crypto
Then many users really use this base in the potentials of this and i see this or read that Stellar will be use in our country wallet like they will try all to promote this if there's a chance so this will grow by this movement then in other country also so we can trust this for investment
Topic: Stellar burned half of it's supply and Price Spikes (Read 496 times)
It spiked the price up for stellar but what's next? the dumping session has come.
It's a great example of limited supply increasing value and a proof that another bitcoin halving will be followed by a pump.
Bitcoin halving will be much better than stellar and other altcoins that just held their halving just like Litecoin. Base on the history, just take a look at the two halvings that was made by bitcoin.I like the saying that past does not indicate future performance and you should never take the price for granted. We could easily see a big dump around the halving. Things like that happened before you can see it on the same charts you're using to show the pumps! Before the first and the second halving there was a lot of blood, but BTC recovered. I hope it will recover again.
I'm not sure if it's going to be the same however, a huge amount was burnt so let's see what will be the implications of it in the long run.
I still hold some Lumens from the Coinbase airdrop, what do you think about the future of this coin? Do you think that team plans to exit scam or they are working hard on the project?
I am afraid that airdrop + coin burning is the last move from the team.
I am afraid that airdrop + coin burning is the last move from the team.
It spiked the price up for stellar but what's next? the dumping session has come.
It's a great example of limited supply increasing value and a proof that another bitcoin halving will be followed by a pump.
Bitcoin halving will be much better than stellar and other altcoins that just held their halving just like Litecoin. Base on the history, just take a look at the two halvings that was made by bitcoin.I like the saying that past does not indicate future performance and you should never take the price for granted. We could easily see a big dump around the halving. Things like that happened before you can see it on the same charts you're using to show the pumps! Before the first and the second halving there was a lot of blood, but BTC recovered. I hope it will recover again.
It spiked the price up for stellar but what's next? the dumping session has come.
It's a great example of limited supply increasing value and a proof that another bitcoin halving will be followed by a pump.
Bitcoin halving will be much better than stellar and other altcoins that just held their halving just like Litecoin. Base on the history, just take a look at the two halvings that was made by bitcoin.
It's a great example of limited supply increasing value and a proof that another bitcoin halving will be followed by a pump.
That's a really good move coming from the xlm devs they are always thinking about their coin
They're focused on the money that's how these centralized coin devs think about their coins. They are just money making machines for them nothing else. The move was good I agree but it was supposed to increase the value of their holdings. Stellar is really committed to their project's growth and rewarding the community. Two months ago, they launched their Keybase airdrop which will be paid monthly to qualified entries. I am sure that as a leading cryptocurrency with a fast-growing userbase(more projects are developing on Stellar), more growth is sure to come.
I do not like to be a negative person but many of the things some members see as positive developments seem like a bad sign to me, why a coin that is right now at the 10 spot in terms of market cap needs to do an airdrop? Why burn half of its supply? To me those movements seem like an attempt to correct something that was wrong from the beginning but there is no guarantee they did it.Of all the coins on the top 10 the only coin that has a bigger circulating supply is XRP with 40 billion coins, stellar has 20 billions coins in circulation while a coin like bitcoin only has 18 million coins, they created too many coins and that mistake cannot ever be corrected.
That's a really good move coming from the xlm devs they are always thinking about their coin
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
Source: TheCoinRepublic
This is amazing. The potentials of XLM has spoken for itself. Paving ways for investors as well.
I think it's a nice idea and to me it will make many investors to invest in the project. The team behind the project can still decide not to burn it and be distributed to the market periodically which will hurt their investment. They have really proven to be different from others.
True, but I think its a calculated move. Even though they burned half of the supply, still their billions left and circulating supply still low compared to the whole supply. It is a bold move from Stellar management but it is laudable and maybe they are also protecting their investor.
This is good news about burning such a large amount of Stellar Lumens coins. This event gives hope for a large growth of the coin, especially since the Stellar rate has already grown by 20%. The coin is credible and popular with many crypto enthusiasts. In my wallet, such a coin is also there. Now is the right time to replenish the reserves of this coin.
With this combustion the price of Stellar did not rise too sharply, but I think it will take time to go to the moon, Stellar has a lot of interest from investors in a good developer by burning it to make Stellar more stable.
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.
I just now heard about this stellar stuff. But I really commend this intelligent of them. They maybe got a hard time making a decent price in the market. Anyway of this, isn't it this an abusive? However I am just wondering what might come after that. Although the demand is high due to low supply then after that what's next for them? Are they going to revert back to their original price? 
Stellar is really committed to their project's growth and rewarding the community. Two months ago, they launched their Keybase airdrop which will be paid monthly to qualified entries. I am sure that as a leading cryptocurrency with a fast-growing userbase(more projects are developing on Stellar), more growth is sure to come.
This is good news about burning such a large amount of Stellar Lumens coins. This event gives hope for a large growth of the coin, especially since the Stellar rate has already grown by 20%. The coin is credible and popular with many crypto enthusiasts. In my wallet, such a coin is also there. Now is the right time to replenish the reserves of this coin.
With this combustion the price of Stellar did not rise too sharply, but I think it will take time to go to the moon, Stellar has a lot of interest from investors in a good developer by burning it to make Stellar more stable.
I think it's a nice idea and to me it will make many investors to invest in the project. The team behind the project can still decide not to burn it and be distributing to the market periodically which will hurt their investment. They have really proven to be different from others.
This is good news about burning such a large amount of Stellar Lumens coins. This event gives hope for a large growth of the coin, especially since the Stellar rate has already grown by 20%. The coin is credible and popular with many crypto enthusiasts. In my wallet, such a coin is also there. Now is the right time to replenish the reserves of this coin.
With this combustion the price of Stellar did not rise too sharply, but I think it will take time to go to the moon, Stellar has a lot of interest from investors in a good developer by burning it to make Stellar more stable.
This is good news about burning such a large amount of Stellar Lumens coins. This event gives hope for a large growth of the coin, especially since the Stellar rate has already grown by 20%. The coin is credible and popular with many crypto enthusiasts. In my wallet, such a coin is also there. Now is the right time to replenish the reserves of this coin.
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
Burning of token has been a very good way of increasing the value of the token because the supply will become limited and this was the practice of binance too that made them to have a very increased token value form the $1 to the current value, if they had not been doing that, they probably would not have grown as much as they have grown now, which is also the same way that stellar will grow now that they have also planned to burn their own token, at least it will make the value keep appreciating no matter how little it is pending the time that the altcoins season starts when it will have a very good growth in value alongside other top solid coins that are in the market also, coupled with the fact that they have a real working product to also assist in pushing up. Source: TheCoinRepublic
If I didn't know any better, I'd say this was a really desperate move. Whether or not is was a necessary one, only time will tell. I can almost guarantee all of Stellar's giveaway programs have ended with no plans to have any in the near future. At this point, Stellar seems to be quite obsolete, for one it is a very centralized platform like the Ripple. With news of China getting ready to create there own gold backed stable coins, the fear and uncertainty is definitely building. The desperation of centralized crypto-currencies like Stellar couldn't be any clearer.
I'm thinking the same, it seems that many investors are seeing this is a positive movement from stellar but I do not share the same opinion, this seems to be a desperate move to try to bring attention to the coin and try to make its value to go up, and while it seems they had accomplished several of their goals with this move in the short term I'm not so sure we're going to see much of a change from stellar on the long term.Even if stellar is a coin that is recognized in the community I do not see it surpassing any of the coins that are above it but I do see it going down and losing ground against many projects.
Note that this burn also increase the centralization of the coin. The Stellar Development Foundation now control more of the total supply as a percentage than before the burn.
If you think this is a good thing, you are an idiot.
If you think this is a good thing, you are an idiot.
Jump to: