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The Stellar Lumens Foundation destroyed 55 billion XLM and the
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Date：2024-04-29 18:46:45 Channel：Build Read：
In the world of cryptocurrency, every decision can set off stormy waters. Recently, a blockbuster move by the Stellar Lumens Foundation has attracted huge market attention: they announced the destruction of up to 55 billion XLM. This move not only caused an uproar in the digital currency field, but also caused the price of XLM to skyrocket. , an increase of up to 24%! This news was like a bombshell, arousing investors' imagination and expectations.This decision of the Stellar Lumens Foundation is really shocking. The destruction of 55 billion XLM is comparable to a digital currency earthquake. There must be profound connotations and strategic considerations behind this move. Like the Sword of Damocles hanging above their heads, this decision makes people have to think deeply: What kind of future is the Stellar Lumens Foundation planning? How will they affect the trend of the entire cryptocurrency market?When this shocking news came to the market, the price of XLM immediately ushered in a wave of gains, with an increase of up to 24% making countless investors ready to make moves. The surge in this number makes people wonder whether the Stellar Lumens Foundation’s decision will become a turning point in the market and lead to a new storm quietly brewing. After all, the digital currency market has always been unpredictable, and this time, it seems that there is a new story to be written.The Stellar Lumens Foundation's move is not just to destroy 55 billion XLM, but there must be more profound meaning behind it. Perhaps, this is to increase the scarcity of XLM, perhaps, this is to promote the development of the entire stellar ecosystem, or perhaps, this is just a prelude, indicating that greater changes are coming. In any case, this decision will cause huge waves in the digital currency market and affect the mentality and decision-making of countless investors.As the digital currency market continues to evolve, the Stellar Foundation’s actions are sure to become a hotly debated topic. Their move to destroy 55 billion XLM is not only a change in numbers, but also an exploration and challenge for the future. In this field full of unknowns and possibilities, every decision may trigger a chain reaction and change the entire market pattern. The Stellar Lumens Foundation may be the forerunner of this change, leading the next wave of digital currency.In this era full of variables and challenges, the Stellar Lumens Foundation’s decision is undoubtedly a brave attempt and exploration. Their actions allowed people to see the infinite possibilities of the digital currency market, and also made people feel that the pace of change is approaching. As the price of XLM soars and the market fluctuates, we can’t help but ask: What will be the next step for the Stellar Lumens Foundation? Where will the future of the digital currency market go? Let’s wait and see how this digital currency storm is coming!The four most famous international exchanges:
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The Stellar Development Foundation (SDF) has destroyed a total of 55 billion XLM (market value of US$4.4 billion) in order to re-adjust the project development strategy. It is reported that the non-profit organization announced on Monday that the current total number of Stellar Lumens is 50 billion, while the total number of Stellar Lumens before destruction was 105 billion. According to a blog post published by the organization, most of the remaining funds will be used to develop the Stellar blockchain, cultivate applications, and support partners.
(Picture: Stellar Lumens Distribution Adjustment Plan)
It is worth noting that the remaining 8 billion Stellar Lumens will become part of the Stellar Enterprise Fund, and these funds will be used directly to invest in or acquire enterprises that are “helpful to the Stellar ecosystem.”
The blog post also mentioned that the SDF Foundation has not completely abandoned the airdrop strategy, and the foundation will still distribute 4 billion stars through market cooperation.
In September of this year, the SDF announced that it would airdrop 2 million stars through the messaging application Keybase, which is an airdrop project that the foundation may continue. In November last year, SDF also cooperated with cryptocurrency wallet provider Blockchain to airdrop Stellar Lumens worth $125 million.
According to data, as of press time, the market price of Stellar Lumens (XLM) has increased by 24%.
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