Home » Cryptocurrency News » Stellar Foundation Burns Over 50% of Total XLM Supply

Stellar Foundation Burns Over 50% of Total XLM Supply

Posted by Thomas DeMichele on November 5, 2019 in News

The Stellar Development Foundation, the foundation behind XLM, burned 55 billion XLM (over 50% of the total supply).

Although that was total supply, not circulating supply, the end result is XLM’s total market cap has now doubled.

You can read more about the story at CoinDesk.com.

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when CryptocurrencyFacts.com was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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