Topic: Stellar burned half of it's supply and Price Spikes - page 3. (Read 498 times)
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If the dev thinks with burning the supply will help the price will increase, then that will be great since the supply was reduced, demand hopefully will be an increase, and that will affect the price. I hope that there is something change for stellar in the market later. But I think something happens in the market because after that news, it seems, the price trying to increase although not much. And if this continues, then I think the price will grow more, and that is good for the coin itself.
This is an incredible news, when I first heard of it I was totally pleased because stellar is a potential platform and should have higher rate and I'm glad they burned such huge amount and let's watch more move from it. Everybody is actually happy with stellar token burn. Congrats to them I must say. Indeed a good move.
Using funds collected for business operations shows commitment to investors and rewards their tokens at a fairer price. This is one of the benefits of token burn, at least investors and holders get greater transparency that the project holder does not pursue profit alone.
After giving a lot of airdrops now they burn the half, this is like a buy back program without spending money. This is what I like, they always innovate and surprise their fans. But it seems that this news does not really affect to the price of XLM in the market, because even the supply has decreases, but if demand does not increase it does not mean anything. So I think, to increase the demand, they should not only burn the half, but also have to add use value to XLM itself.
It is quite innovative. There are too many negative rumors about this, reportedly because there is no good news then they only plan to make it. 
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
After giving a lot of airdrops now they burn the half, this is like a buy back program without spending money. This is what I like, they always innovate and surprise their fans. But it seems that this news does not really affect to the price of XLM in the market, because even the supply has decreases, but if demand does not increase it does not mean anything. So I think, to increase the demand, they should not only burn the half, but also have to add use value to XLM itself. Source: TheCoinRepublic
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
Coin burn, coin swap has always been a remedy to helping increase the price and growth of a cryptocurrency. This was actually an insane and bold step from the Stellar Foundation but this has not affected the price that much to be honest Source: TheCoinRepublic
unless you bought loads of it. Stellar has great blockchain network with great features such as issuance of other cryptocurrency on its network. Their team should really promote their products so that other upcoming projects can make use of their services which would go a long way to grow their network.
I was wondering why Stellar did that little pump there, thought perhaps there was a new partnership or some other sort of news. But burning half the supply would do it...
I can't help but wonder what the SEC thinks when things like this happen and if it pushes a coin further into the security category in their minds.
I don't hold any Stellar nor mean this as FUD, or really care either way. Just curious how coins get around being a security when they do things like this.
I can't help but wonder what the SEC thinks when things like this happen and if it pushes a coin further into the security category in their minds.
I don't hold any Stellar nor mean this as FUD, or really care either way. Just curious how coins get around being a security when they do things like this.
Worth $4.4B was burned.
Well, I'm speechless and I guess this is the initiative for the team and which will be followed by other coins. I should say that those who are holding XLM are quite in good hands and can expect something good for this coin.
Well, I'm speechless and I guess this is the initiative for the team and which will be followed by other coins. I should say that those who are holding XLM are quite in good hands and can expect something good for this coin.
General rules say the less supply of coins, the more expensive the price of coins. Maybe the Stellar team is thinking of increasing the price of their coins (XLM).
That's also the purpose which I'm thinking. The law of supply and demand. 
Burning the supply of 55 billion XLM with a value of around $ 4.7 billion is a considerable amount that they burn. This is a big step for stellar and will greatly benefit investors and current stellar holders. Maybe the Stellar has thought about it with a strong analysis of Stellar's future. Hopefully this is a positive step, because the less supply you have, the price will automatically go up.
the holders of this coin are very lucky. Those people who bought XLM a few months ago now managed to make very good money and I think that the price of the coin will continue to increase
Stellar is one of those really good long term blockchains. It is a shame I do not hold any right now but it shows a lot of promise and it is good to know there is a responsible team behind it. I like it when coin projects make deflationary measures to help increase the price and improve on the infrastructure altogether. Kudos to the STELLAR holders and Team for keeping steadfast to their goals and I wish this blockchain project all the success. Maybe on the retracement I may purchase a small holding to put in my portfolio, cannot hurt to do that can it?
Stellar was good some years ago when they were going public with all the updates but now I'm not so sure about their marketing idea. Its true that half of the supply was burned and price jumped a little as this was normal but its just for a couple of days and then it will be stable around the current price. Further , its anyone choice if they want to hold XLM or simply move towards better altcoins with less supply and better tech.
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
Good move, who knows, probably they are going to target $1, the price promised by McCaleb a time ago. I didn't miss this spike and sold a little bit in hope the spike will decay and I buy back.
These guys really want to pump thier project
After the news, the price of XLM has increased by 17%, many people get profit here by burning the Stellar Foundation, the price will continue to rise, maybe this has been a good decision, I as a XLM buyer happy with this news.
The burn news has had a positive impact in the price of XLM but I think that positive growth would be affected when 100 million XLM would be released into the market through the Keybase airdrop program, that's almost $8 million worth of XLM that would be given away to airdroppers and I have a feeling that while many of the recipients would be holding the coin, many of them would be dumping it which would have a negative effect on price, or do you think that the airdrop would have no effect at all?
Only aimed at growing the network and making it more efficient in the future, they burn half of the total supply of tokens 
Indeed the price of the token has risen, but will it last long or even fall back
They better give it free to everyone, like airdrops at the start of the stellar launch
Indeed the price of the token has risen, but will it last long or even fall back
They better give it free to everyone, like airdrops at the start of the stellar launch
General rules say the less supply of coins, the more expensive the price of coins. Maybe the Stellar team is thinking of increasing the price of their coins (XLM).
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 a very good news. But they are also giving away lots of coins through airdrops. However, I did not get the keybase airdrop of xlm last month yet.I hope they will still pay that.
this is good for the future of XLM. the fewer coins there is the more likely the price to go up. so when the market starts moving up, I think XLM will experience a high rise. Maybe now we don't feel the effects of all that, but when the time comes Stellar investors will definitely benefit from this.
Now I just heard about it and it is true that its price has risen 17.81% and I have seen the ROI reach 2,600 as well. The stellar buyers were fortunate this past weekend as I am sure they will now receive easy profit by pumping in the price. Token burning is a great help in pumping the price of the token. Why don't other tokens do this? Tha now experiencing a serious dump. This will help them to recover from the collapse of their coin and also give profit to those who believe in their project.
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