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 498 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.
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
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.
Stellar is a top altcoin already and having its half burned will surely make its value rise, this is one reason i like deflationary coins and tokens or burned implemented coins with real use cases, they have value easily
This is basic economics. When there is too much supply and the demand is very low then the price will plunge. The stellar team realized that and they made a move to burned half of its supply and as they able to maintain the demand for their cryptocurrency, the price spikes up because people know that burning half of its supply is a good news and it increases the demand and resulted into price growth.
I remember a time when a news like this would have boosted the price of XLM to more than +1000% but as it stands now, the price barely spiked above +30% and has been gradually retracting back to it's previous price, I know that the Cryptocurrency is maturing and we have moved past the stage where a little news (or major news in this case) moves price of tokens very high but it would have been nice to see a very bullish movement since a whole 50% if supply was burned in a top 10 coin on Coinmarketcap.
In my opinion it is a great move from stellar team, because of the lack of updates, they made something to increase the coin value. It would be awesome if coins like ETH would do the same to finally move from the dead spot.
I am afraid that Stellar team made this decision because they see that their coin is slowly dying (look at the chart) and they wanted to attract more investors to raise the price of 1 coin in the short term - a good way how to exit scam.
It can't be deny that this move really impacted the market but who knows how long it would take and how the supporters and those communities behind this project will see it. There's always two sides of opinions and it can't please everyone. Whatever the team are planning around if it's for the betterment and for long term successions it's best to see that there's team who are working behind 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
it will be good new for all stellar holders because of they are burns 55 billion toknes in total supply now we can see that impact the xlm price is increasing and we can expat big pump soon. Source: TheCoinRepublic
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I am afraid that Stellar team made this decision because they see that their coin is slowly dying (look at the chart) and they wanted to attract more investors to raise the price of 1 coin in the short term - a good way how to exit scam.
Always baffle me how they got all the money for the massive air drops they held even in the past and it seems that they are gaining money by using this method I suppose? Anyone who has knowledge regarding this may share the information?
Also to I think that the air drop main purpose is to keep the coin in fame or popular but isn't burning their own coin essentially do literally the same if price is doubled or just making them losing if the price increase is not sufficient enough to cover the tokens they burned in the process?
Also to I think that the air drop main purpose is to keep the coin in fame or popular but isn't burning their own coin essentially do literally the same if price is doubled or just making them losing if the price increase is not sufficient enough to cover the tokens they burned in the process?
Well that's a good news, it will favor the investors who are still holding the coin.
Cutting the supply into half means less supply and could result to more demand, if XRP were able to have a good price despite of the high supply, I believe Stellar can one day grow like XRP or even surpass its success.
I notice that XPR and Stellar have some kind of price movement relationship or correlation.
Cutting the supply into half means less supply and could result to more demand, if XRP were able to have a good price despite of the high supply, I believe Stellar can one day grow like XRP or even surpass its success.
I notice that XPR and Stellar have some kind of price movement relationship or correlation.
Not surprising a currency that is burned to grow the price they let me look supply a little and impact on the increase in their coin.
Usually occurs when there is news before combustion will occur a very significant coin increases due to more demand than their supply.
Usually occurs when there is news before combustion will occur a very significant coin increases due to more demand than their supply.
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.
I don't think they can do anything when SEC deem Stellar as a security token now that they have burned huge amount of their tokens.
Checking the price at coinmarketcap right now, $0.080939 USD (-0.37%), so the pump is over now?
Or probably we can see a huge surge in the price if they did this on a bullish trend, so I don't know if the timing is right.
When the price doesn't go up, why the logic always to burn, that's lazy guys! It also means that the team doesn't have adequate planning at the conception.
They will airdrop some XLM on 15 Nov, right? Brace for the dump!
They will airdrop some XLM on 15 Nov, right? Brace for the dump!
Maybe it is one of the technique to increase the price of any coin, now many companies are following the same procedure by burning their supply. Sometimes it is impossible for the company to keep updating about their developments, but as old coin, we might see some developments from this stellar.
When the price doesn't go up, why the logic always to burn, that's lazy guys! It also means that the team doesn't have adequate planning at the conception.
They will airdrop some XLM on 15 Nov, right? Brace for the dump!
They will airdrop some XLM on 15 Nov, right? Brace for the dump!
I think. They have proper planning to burn the tokens for the speculation of the the Price. Yeah! The XLM Airdrop is on 15 Nov
When the price doesn't go up, why the logic always to burn, that's lazy guys! It also means that the team doesn't have adequate planning at the conception.
They will airdrop some XLM on 15 Nov, right? Brace for the dump!
They will airdrop some XLM on 15 Nov, right? Brace for the dump!
Yeah...Of course they only burn from the reserved and not from circulating supply. I keep wondering, why primed billions of token you probably had no need for. Stuffs like this justified Trump's statement when he said 'Bitcoin is money cut from thin air'
Agreed! Mate.
Yeah...Of course they only burn from the reserved and not from circulating supply. I keep wondering, why primed billions of token you probably had no need for. Stuffs like this justified Trump's statement when he said 'Bitcoin is money cut from thin air'
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
A price spikes after burning half of it supply is not suprising this is normal to crypto world specially if the aktcoin that announce a burning is popular, now I'm expecting more increase after this news spread to the market.
Considering the amount of coin that the XLM foundation burned, I was expecting a much higher increase in price, I remember how the news of token burning used to have a much bigger impact on the price of a coin in late 2017/early 2018 period but I guess we have passed that stage now, this is a good move by the stellar foundation, it seems they are doing everything possible to give XLM the attention it deserves.
The increase in price of stellar was expected, it is always a usual occurrence anytime there is a token burning event. Am glad that I have received this piece of information on time. Earlier on, I was wondering what might have caused the little XLM I have in my wallet to spike all of a sudden.
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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.
How to make pump
1. burn 50% of supply
1. burn 50% of supply
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
Wow, i heard there was some burning but that's a lot! Has there even been such a large value public burns in the history of crypto, or is this the largest yet? I think i have followed this space pretty closely for a long time and i haven't heard of such, but so many things are happening that i always miss something.
Stellar is one of my favorite ponets.
Although I don’t like to be attached to investment instruments, the stellar seems to me a very promising coin, able to hold its price against market unrest for a long time.
I think the project team did the right thing by reducing the circulation of coins and thereby increasing their attractiveness.
Although I don’t like to be attached to investment instruments, the stellar seems to me a very promising coin, able to hold its price against market unrest for a long time.
I think the project team did the right thing by reducing the circulation of coins and thereby increasing their attractiveness.
This is the only un-natural technique of the almost every coin developer applying to increase the price of that coin. This strategy is simple which applies the demand-supply rule, where if the supply falls and the demand remain same then the price will go up. So, Stellar is a very good coin and have the own blockchain where the token creator demanded this coin. So, demand is increasing day-by-day. Thus, cutting up the supply by burning the supply ultimately push the price up.
I was holding some Stellar Lumens, and I was glad that the price went up. I was unaware that the Stellar Foundation was behind the price rise, and came to know about it only after reading this thread. But still I don't think that this can have a long-lasting effect. The coins being held by Stellar Foundation was outside free-float. These coins were never traded, and therefore the impact should be minimal. On the other hand, had the Stellar Foundation decided to dump all these coins in to the market in a short duration, then the prices would have surely crashed.
as uses with the accounting of finance on appealing treasuries of balance with the funds on possession developer might work on decision as referring tasks on completion to manage as reducing of waste on risks and gains with excessive of pools on ledger as expecting with more of work on involving of different manage on compilation.
They burned half of its supply, its not a small money and of course investors and hodlers wants to have a limited supply so the price can finally go up. Stellar is a good coin and this action can really help them grow in the future. The whales are joining this trend for sure, get more now and wait for the peak price again of XLM.
True what you say, that's a pretty much amount in my opinion. And I think this will also have a positive effect on projects running on the Stellar platform.
To be able to increase their price they come up to this idea, while it is unexpected move I hope the team really did a throughout analysis before doing it and will not affect them in the future, but their decision now will definitely benefit the holders and investors if they will provide more ways to market their product alot it can move up in it's today spot.
This is a good news for stellar hodlers. It shows the team is really working on there project. Is a platform that is been used now by icos, I guess it will also give some value to them.
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.
They burned half of its supply, its not a small money and of course investors and hodlers wants to have a limited supply so the price can finally go up. Stellar is a good coin and this action can really help them grow in the future. The whales are joining this trend for sure, get more now and wait for the peak price again of XLM.
I do not hold stellar coins, neither do i intend to, but I have this feeling that this is a smart move, now and even for long term benefits, there is no need keepingi millions of tokens in circulation, and the price is of the coin still stays low.
This would create scarcity for sure, reduce the supply as well, and increase demand, what all this would do is to give a boost to the price of the coin(stellar), which according to the article it already has, as they have increased by 20% or more in just 24 hours or so, more projects/altcoins should adopt this strategy I think.
This would create scarcity for sure, reduce the supply as well, and increase demand, what all this would do is to give a boost to the price of the coin(stellar), which according to the article it already has, as they have increased by 20% or more in just 24 hours or so, more projects/altcoins should adopt this strategy I think.
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
Yes, I have heard this news and immediately XLM has increased by more than 20%. This is really a good sign that businesses are doing their best to grow.Source: TheCoinRepublic
This is also considered to be an action to show that they are always aiming at business development, I highly appreciate this strategy. Stellar is a reliable business to buy and hold for long periods.
Doesn't surprise me that everyone there applauded it, they're already holders and now is a reduced supply.
Such a sudden decision and not by any consensus either. If you're going to do something like that, why not do it in steps instead of just one fell swoop.
I sure as hell won't go near any project with the names of those attached ever.
Such a sudden decision and not by any consensus either. If you're going to do something like that, why not do it in steps instead of just one fell swoop.
I sure as hell won't go near any project with the names of those attached ever.
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
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