Join LumenAsk – the decentralized social platform! Sign up to ask questions, share answers, and connect with a global community.
Welcome back to LumenAsk! Sign in to continue asking, answering, and engaging with the decentralized community.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Why did Stellar burn 55 billion XLM in 2019, and how did it impact the ecosystem and token supply?
In 2019, Stellar burned 55 billion XLM to reduce oversupply and refocus the network on sustainable growth. The burned tokens came from Stellar Development Foundation (SDF) reserves and giveaway programs that were no longer needed. This move reduced the total supply from 105 billion to 50 billion XRead more
In 2019, Stellar burned 55 billion XLM to reduce oversupply and refocus the network on sustainable growth. The burned tokens came from Stellar Development Foundation (SDF) reserves and giveaway programs that were no longer needed. This move reduced the total supply from 105 billion to 50 billion XLM, signaling a long-term commitment to value, scarcity, and utility — not inflation. The burn boosted community trust and showed Stellar’s focus on real adoption over token hoarding. 🚀
See less