this is a very good step for sxp growth going forward, because the reduced a supply of coins in the market will have an effect on sxp prices
Nowadays, most crypto coins have a burning event, the team plans to make the value of the token to be higher. Sure, it is a good step for the further improvement of SXP, the price will increase and this can attract more people to buy SXP. I saw on many telegram group discussions, people are more interested to buy a coin with a burning event or burning program. With more people are holding SXP, the market caps of SXP improves. Then, the position of SXP on CMC to rank up soon.
I can't say how many n relative terms do have burning events on their agenda. There are also various forms of burning, but time and again they burn unsold tokens or coins in the beginning. As for the exchange tokens they often hold out the prospect of buying events based on their results. It should be known in advance when those events take place imo.
