Stellar
XLM Price
Stellar (XLM) offers fast, low-cost cross-border transactions with blockchain technology. More
| Fully Diluted Valuation | $19.22B |
|---|---|
| 24H Trading Volume | $2.12B |
| 24H Low / High | $0.35 / $ 0.41 |
| Circulating Supply | 31.06 B |
| Total Supply | 50.00 B |
| Max Supply | 50.00 B |
| Categories | Smart Contract Platform 6 more |
|---|---|
| Founder | Jed McCaleb 2 more |
| Website | medium.com |
| Socials | 9 more |
| Chains | Stellar Ecosystem |
| Explorer | Energi 4 more |
| Name | Pair | OG Score |
|---|
Stellar (XLM): Revolutionizing Cross-Border Transactions
In the realm of digital transactions, Stellar (XLM) shines brightly as a beacon of innovation and accessibility. Launched in 2014 by Jed McCaleb, co-founder of Ripple, Stellar presents itself as an open-source network designed to democratize the movement of money across borders. The platform leverages blockchain technology to facilitate fast, energy-efficient, and cost-effective transactions, challenging traditional financial systems with its decentralized approach.
The Core of Stellar: Lumens (XLM)
At its core, Stellar Lumens (XLM) serves as the native token fueling the Stellar network. With minimal transaction fees of just 0.00001 XLM, equivalent to a few cents, Stellar offers a compelling alternative to traditional fiat-based payment solutions. This affordability empowers users to conduct almost real-time cross-border transactions, transcending the barriers imposed by conventional banking systems.
Partnerships Driving Progress: The IBM Collaboration
Central to Stellar's mission is its partnership with industry giants like IBM, epitomized by the World Wire project. This collaboration enables mainstream financial institutions to harness the power of Stellar's blockchain for seamless transactions using bridge assets such as stablecoins. Such initiatives underscore Stellar's commitment to fostering global financial access and inclusion.
The Multifaceted Role of XLM within Stellar
Beyond facilitating transactions, XLM plays a multifaceted role within the Stellar ecosystem. It serves as a safeguard against fraudulent activities, requiring a minimum balance of 1 XLM for each account created on the network. Moreover, XLM acts as a medium of exchange, enabling users to transact illiquid assets efficiently. Stellar also incentivizes developers through grants in XLM, driving innovation and expanding the platform's reach.
Unique Features Setting Stellar Apart
Stellar's unique features set it apart in the crowded blockchain landscape. Unlike its counterparts, Stellar utilizes a federated Byzantine agreement (FBA) algorithm instead of traditional mining networks, ensuring faster transaction validation. Furthermore, Stellar's focus on cross-border payments resonates with individuals and small businesses, offering a streamlined and cost-effective solution for global transactions.
The Journey of Stellar: Milestones and Innovations
The journey of Stellar has been marked by milestones and innovations. From its inception as a vision to revolutionize financial access to its evolution into a globally recognized blockchain platform, Stellar continues to push boundaries and redefine possibilities. With its commitment to low fees, accessibility, and partnerships with industry leaders, Stellar remains at the forefront of transforming the way we transact in the digital age. As the world increasingly embraces decentralized finance, Stellar stands as a testament to the power of blockchain technology in fostering a more inclusive and interconnected financial ecosystem.
Stellar's unique feature lies in its minimal transaction fees of 0.00001 XLM, enabling almost real-time cross-border transactions at a fraction of the cost compared to traditional fiat-based systems.
Stellar (XLM) was founded by Jed McCaleb, co-founder of Ripple, along with partner Joyce Kim in 2014, with a vision to democratize financial access and inclusion.
Stripe's CEO Patrick Collison was a co-collaborator on the Stellar Development Foundation (SDF), investing $3 million in exchange for 2 billion XLM tokens.
You can buy Stellar (XLM) on Binance, BitgetOKXBybitCoinbase cryptocurrency exchanges.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Stellar (XLM) is ($31,056,792,024), max supply of Stellar XLM is ($50,001,786,892) and the market cap of Stellar XLM is ($11,934,699,172).
What is the Stellar (XLM) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Stellar (XLM) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Stellar (XLM) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
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Does Coin (Stellar XLM) solve a good problem or offer the best solution?
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Does the team have a realistic roadmap and can catch up with it?
Does Stellar (XLM) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
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As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Stellar (XLM) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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