Stellar Burns Another 50% ($2.35 billion USD) of Their Coins

Have They Gone Mad?

The Stellar Development Foundation (SDF) announced another mandate today for its network’s development, stating that it has burned over 27.5 billion Stellar Lumens (XLM) tokens.

An official at Stellar said that they were so happy with the sudden spike in price that they decided to do it again, kind of like a BoGo sale. Not only will this allow the company to focus on what is most important with regards to their development but the sudden surge in purchases, as well as the word of mouth advertising, has helped to inch XML closer to the top ten rankings.

Breakdown of XLM burn and remaining token disbursement. Source: Stellar Development Foundation

Suspicion Runs Deep

The SDF states that the burn was geared to making the system more efficient as it moves forward. It wrote:

“SDF can be leaner and do the work it was created to do using fewer lumens. Over the years we’ve also seen that giveaways and airdrops have diminishing effects, especially in the outsized amounts our original plan was designed to support. So a smaller public-facing program would have just as much impact.”

The problem is not everyone is feeling the burn.

You are probably doubting the legitimacy of our articles. Well, those are some good instincts, CSnews is satire news, parody and humor website and is for entertainment purposes only.
All CSnews articles are satire news and entirely fabricated.
Any resemblance to the truth is purely coincidental, except for all references to sports personalities and/or celebrities, in which case they are based on real people, but still based almost entirely in fiction.
Please feel free to copy and paste this disclaimer into you facebook comment to “prove this site’s bullsh3t”

0 Reviews

Write a Review

Read Previous

Craig Wright Disappeared in Tragic Car Crash

Read Next

Winklevoss Twins made their First-ever Acquisition, Instagram