Reverse split!

Just a small question
Is a reverse split possible in crypto like they do in the stock markt? Like for Ada the price now is super low if we reverse split it 5 to 1 or so then price higher less ada in the market ? Maybe with the split we can burn some Ada also??
Maybe a very stupid question of me​:thinking:
:rofl::rofl:

Hello @Salem

No.
With stocks the company retains full control of mutability of the stock. Once they issue a change all the stocks instantly conform to that change.

Ada is suppose to be immutable. Reverse 5 to 1 split would require burning 80% of total Ada. This ‘could’ happened only if 100% of Ada holders agree.

So, basically it’s impossible. :man_shrugging:

Thank u neo for your explanation
Maybe 80% is too much a 15/20% will get the price moving​:rofl:
You say never going to happen or we all 100% vote for it.
Anyway was little dreaming about it​:face_with_tongue:

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