Pundi X Labs has burnt a total of 34 Billion Tokens from their NPXS and NPXSXEM supply (5 billion NPXS and 29 billion tokens NPXSXEM) in an effort to reduce the total supply and to add a value to the tokens holders.
???Dear Pundians, we’ve executed Q2 token removal. A total of approximately 34 billion tokens (5 billion #NPXS and 29 billion tokens #NPXSXEM) have been removed from the total supply ???For more details ?https://t.co/Vk5YknhJ1h
— Pundi X Labs (@PundiXLabs) July 14, 2019
Currently the circulating supply of Pundi X (NPXS)is 234,446,468,515 NPXS (Yes 234 Billion!) and only 2.4 Billion for Pundi X NEM (NPXSXEM)!. While Bitcoin has only 16 million circulating supply. Ethereum only 95 million.
A good circulating supply creates demand with investors and stablize the price. I usually look for the circulating supply when I invest in any cryptocurrency. The more petite the circulating supply is, the more sexier it is going to look in your wallet in a few months.
