The Stellar Development Foundation burned over 55 billion Stellar Lumens

The Stellar Development Foundation (SDF) burned over 55 billion Stellar Lumens (XLM), reducing their total number to 50 billion. SDF announced that decision to reduce the number of existing tokens was made as part of efforts to increase efficiency in order to move forward. For example, to double its current staff by the end of this year. Therefore, due to this action, asset price of XLM reacted positively by almost of 20% growth. Even though at the current price of $ 0.085 per token, and the value of the burned tokens is almost $ 4.7 billion, the development organization will forward the remaining tokens to an aggressive direct development program for Stellar.

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