What was the reason behind Stellar’s decision to burn 55 billion XLM in 2019, and what effect did it have on the network and total supply?
Why did Stellar burn 55 billion XLM in 2019, and how did it impact the ecosystem and token supply?
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What was the reason behind Stellar’s decision to burn 55 billion XLM in 2019, and what effect did it have on the network and total 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 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. 🚀