# Reduce total supply **URL:** \ **Category:** Suggestions\ **Created:** [April 30, 2023, 1:39pm UTC](https://community.onyx.org/t/reduce-total-supply/436 "2023-04-30T13:39:22Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Jobish.balan](https://avatars.discourse-cdn.com/v4/letter/j/ecae2f/32.png) [@Jobish.balan](https://community.onyx.org/u/Jobish.balan)\ **Post date:** [April 30, 2023, 1:39pm UTC](https://community.onyx.org/t/reduce-total-supply/436/1 "2023-04-30T13:39:22Z")
Can we have a new proposal to reduce the total supply. If any one interested i can delegate my xcn voting power to that user. As we need 100 million xcn for creating new proposal. ---
**Author:** ![yaboyT](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/yaboyt/32/47_2.png) [@yaboyT](https://community.onyx.org/u/yaboyT)\ **Post date:** [April 30, 2023, 1:54pm UTC](https://community.onyx.org/t/reduce-total-supply/436/2 "2023-04-30T13:54:39Z")
You mean burning coins again ? i wish it happens burning are alwys bullish ---
**Author:** ![PrinceMS](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/princems/32/40_2.png) [@PrinceMS](https://community.onyx.org/u/PrinceMS)\ **Post date:** [April 30, 2023, 1:58pm UTC](https://community.onyx.org/t/reduce-total-supply/436/3 "2023-04-30T13:58:55Z")
if im right they reduced it from 67 to 45 around now . and now its all depend on voting . lets create proposal and see the reaction ---
**Author:** ![Jobish.balan](https://avatars.discourse-cdn.com/v4/letter/j/ecae2f/32.png) [@Jobish.balan](https://community.onyx.org/u/Jobish.balan)\ **Post date:** [April 30, 2023, 2:35pm UTC](https://community.onyx.org/t/reduce-total-supply/436/4 "2023-04-30T14:35:43Z")
Can we proceed with proposal. I can delegate my voting power ---
**Author:** ![Zane](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/zane/32/48_2.png) [@Zane](https://community.onyx.org/u/Zane)\ **Post date:** [April 30, 2023, 5:39pm UTC](https://community.onyx.org/t/reduce-total-supply/436/5 "2023-04-30T17:39:14Z")
Lets do it Then ! 😇 If you feel more investors will support this proposal ---
**Author:** ![ArcticBeachHound](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/arcticbeachhound/32/123_2.png) [@ArcticBeachHound](https://community.onyx.org/u/ArcticBeachHound)\ **Post date:** [May 1, 2023, 1:25am UTC](https://community.onyx.org/t/reduce-total-supply/436/6 "2023-05-01T01:25:40Z")
I like this action very much. Bears are killing xcn out there, the bulls need to be thrown a bone every now and again also to show the true strength of the project. ---
**Author:** ![fruit37](https://avatars.discourse-cdn.com/v4/letter/f/dc4da7/32.png) [@fruit37](https://community.onyx.org/u/fruit37)\ **Post date:** [May 1, 2023, 2:33am UTC](https://community.onyx.org/t/reduce-total-supply/436/7 "2023-05-01T02:33:06Z")
Let’s wait for the new whitepaper. ---
**Author:** ![smiley16](https://avatars.discourse-cdn.com/v4/letter/s/3ec8ea/32.png) [@smiley16](https://community.onyx.org/u/smiley16)\ **Post date:** [May 1, 2023, 7:05am UTC](https://community.onyx.org/t/reduce-total-supply/436/8 "2023-05-01T07:05:38Z")
But how? Team allocation was burned ---
**Author:** ![MuhammadD](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/muhammadd/32/37_2.png) [@MuhammadD](https://community.onyx.org/u/MuhammadD)\ **Post date:** [May 1, 2023, 10:49am UTC](https://community.onyx.org/t/reduce-total-supply/436/9 "2023-05-01T10:49:28Z")
10 may new WP is coming . hopeful about that ---
**Author:** ![cryptostaker](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/cryptostaker/32/46_2.png) [@cryptostaker](https://community.onyx.org/u/cryptostaker)\ **Post date:** [May 1, 2023, 11:00am UTC](https://community.onyx.org/t/reduce-total-supply/436/10 "2023-05-01T11:00:45Z")
Can you share some more details on it ---
**Author:** ![Terra](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/terra/32/35_2.png) [@Terra](https://community.onyx.org/u/Terra)\ **Post date:** [May 1, 2023, 12:50pm UTC](https://community.onyx.org/t/reduce-total-supply/436/11 "2023-05-01T12:50:56Z")
hmmm . i dont think they will burn more tokens this soon ---
**Author:** ![alex](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/alex/32/95_2.png) [@alex](https://community.onyx.org/u/alex)\ **Post date:** [May 2, 2023, 3:22am UTC](https://community.onyx.org/t/reduce-total-supply/436/12 "2023-05-02T03:22:44Z")
Hi, By reducing total supply you mean burning XCN tokens, right? To burn tokens from what wallet exactly do you propose? ---
**Author:** ![SGF13](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/sgf13/32/41_2.png) [@SGF13](https://community.onyx.org/u/SGF13)\ **Post date:** [May 2, 2023, 3:56am UTC](https://community.onyx.org/t/reduce-total-supply/436/13 "2023-05-02T03:56:52Z")
From total supply 🙂 ser ---
**Author:** ![Shawn\_sat](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shawn_sat/32/1144_2.png) [@Shawn\_sat](https://community.onyx.org/u/Shawn_sat)\ **Post date:** [May 2, 2023, 4:00am UTC](https://community.onyx.org/t/reduce-total-supply/436/14 "2023-05-02T04:00:42Z")
Hey Mate ! Team has already burnt their allocation long time back . ---
**Author:** ![ArcticBeachHound](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/arcticbeachhound/32/123_2.png) [@ArcticBeachHound](https://community.onyx.org/u/ArcticBeachHound)\ **Post date:** [May 2, 2023, 10:56am UTC](https://community.onyx.org/t/reduce-total-supply/436/15 "2023-05-02T10:56:07Z")
What about tokens coming out of timelock ---
**Author:** ![ArcticBeachHound](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/arcticbeachhound/32/123_2.png) [@ArcticBeachHound](https://community.onyx.org/u/ArcticBeachHound)\ **Post date:** [May 2, 2023, 12:14pm UTC](https://community.onyx.org/t/reduce-total-supply/436/16 "2023-05-02T12:14:05Z")
How about dialing back the monthly releases and letting the price rebound and catch up with demand? ---
**Author:** ![alex](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/alex/32/95_2.png) [@alex](https://community.onyx.org/u/alex)\ **Post date:** [May 2, 2023, 1:24pm UTC](https://community.onyx.org/t/reduce-total-supply/436/17 "2023-05-02T13:24:29Z")
There is no “total supply wallet” 🙂 When you burn tokens, it’s from some specific wallet, and the wallet owner initiates it. ---
**Author:** ![alex](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/alex/32/95_2.png) [@alex](https://community.onyx.org/u/alex)\ **Post date:** [May 2, 2023, 1:28pm UTC](https://community.onyx.org/t/reduce-total-supply/436/18 "2023-05-02T13:28:15Z")
Timelock, [$0.0024 | Onyxcoin (XCN) Token Tracker | Etherscan](https://etherscan.io/token/0xa2cd3d43c775978a96bdbf12d733d5a1ed94fb18?a=0x8f6ffec54c1e569c63992eb2dc4fae84e3792551:) “The Onyx DAO was granted 15 billion XCN to utilize on advancing blockchain and web3 initiatives to create open finance opportunities via the Onyx Protocol. They are locked inside a time lock smart contract with monthly releases of 200,000,000 XCN per month.” 1. Timelock contract will start to release tokens only from April 2024 2. These tokens are not in circulation, and doesn’t affect supply and demand There is no reason to burn timelock tokens. ---
**Author:** ![ArcticBeachHound](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/arcticbeachhound/32/123_2.png) [@ArcticBeachHound](https://community.onyx.org/u/ArcticBeachHound)\ **Post date:** [May 2, 2023, 1:33pm UTC](https://community.onyx.org/t/reduce-total-supply/436/19 "2023-05-02T13:33:01Z")
Ok, I understand that now. My question is where are wintermute and falcon x getting tokens from? It seems as they are being given an endless supply? Or is this something that is out of onyx’s control? ---
**Author:** ![ArcticBeachHound](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/arcticbeachhound/32/123_2.png) [@ArcticBeachHound](https://community.onyx.org/u/ArcticBeachHound)\ **Post date:** [May 2, 2023, 1:37pm UTC](https://community.onyx.org/t/reduce-total-supply/436/20 "2023-05-02T13:37:26Z")
Also if it is like dark pool kinda stuff like stocks when it comes to the MM’s I get that and no answer needed. [Next page](https://community.onyx.org/t/reduce-total-supply/436.md?page=2)