Stellar Burns Over 50% of All XLM Tokens
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The Stellar Development Foundation (SDF) has just revealed it has burned over 55 billion Stellar Lumens (XLM) tokens, according to a Medium post published yesterday.

The foundation has reportedly made this decision to burn 50% of its tokens in order to increase the efficiency of the project.

After the burning, the current supply is around 50 billion Stellar Lumens, a figure significantly lower than the previous 105 billion.

The foundation has said that most of the remaining funds will be used to develop the Stellar blockchain, foster use cases of the technology and support network partnerships.

If we take into account that XLM's current price is $0.085, these 50 billion tokens burned are worth around $4.7B.

Investors have welcomed this decision, as the crypto price has increased by 15% in the last 24 hours.

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