PEOPLE BURNING like crazy. But supply went up 3 million

My tweet went viral thanks to Do Kown reply to my question about the legal challenges.
Now it seems that people is crowdfunding massive burning by themselves
but total currency supply has increased 3 million!

I am correct?
6.534 trillion vs 6.531 trillions a few days ago according to :slight_smile:

It seems it is disconnected this data from the current price which is exploding?
Can anyone confirm this data?
Thanks

Algomoneyfest
05/22/2022

6.534.869.472.865,85

05/21/2022

6.534.400.087.923,87

05/20/2022

6.533.856.234.793,8

05/19/2022

6.533.307.013.765,57

05/18/2022

6.532.766.584.374,63

05/17/2022

6.532.216.141.541,07

05/16/2022

6.531.672.476.100,57

total supply 6.91T so no new mint just luna from other chain back to terra chain .

3 Likes

Do Kwon is afraid to burn Luna, circulating supply has increased but total supply has decreasedā€¦

What I am unable to comprehend is

There is a difference of 400billion tokens between circulating supply and total supply. Why not prevent those 400 billion tokens from entering the market supply?

Some of us are donating by voluntarily burning the tokens and I noticed there was a decrease of about 104 million tokens from total supplies from last Tuesday to today Sunday however what is the point of we buy and burn and the overall supply continues to increase. We should first prevent 400billion tokens from entering the market and then have mega campaign of burning voluntarily and demand support from TFL.

4 Likes

I burned too.

1 Like