Stellar Lumens

Stellar Lumens (XLM) is a blockchain-based digital currency that is the native token of the Stellar Network. Stellar Network is an open source decentralized payment system designed to enable cross-border, low-cost, fast and secure currency conversion and remittance. Stellar Lumens can be used to pay transaction fees on the Stellar network and can also be used to trade other currencies or assets.

Features of Stellar Lumens

• It is a decentralized digital currency with no single entity or institution controlling its issuance and circulation.

• It is a programmable digital currency that supports functions such as smart contracts and multi-signatures, and can implement various complex financial logic and applications.

• It is a low-cost digital currency that only pays 0.00001 Stellar as a handling fee per transaction and is not affected by transaction size or geographical location.

• It is a fast digital currency, taking only 2-5 seconds to confirm per transaction, and has high throughput and scalability.

• It is a secure digital currency that uses advanced encryption technology and consensus algorithms to protect user privacy and asset security.

How to Trade Stellar Lumens?

The issuance of Stellar coins is fixed, with a total amount of 100 billion, of which 50% is allocated to the Stellar Development Foundation to support the development and promotion of the Stellar network; 25% is allocated to users who participate in Stellar Obtained from the Stellar Airdrop Program; 20% is allocated to partners, obtained through institutions or individuals that cooperate with Stellar Network; 5% is allocated to operators, obtained by providing infrastructure and services of Stellar Network.

The value of Stellar is determined by market supply and demand, as well as usage of the Stellar network. Stellar lumens can be bought and sold on multiple digital currency exchanges, and can also be exchanged for other currencies through anchors on the Stellar network. An anchor is a trusted intermediary that can accept fiat currency or other digital currencies deposited by users and issue corresponding credit certificates (Credit). Users can use these credit certificates to conduct transactions or transfers on the Stellar network. Anchors can reach consensus through the Stellar Consensus Protocol and find the most favorable exchange rate through Path Payment. 

Conclusion

Stellar Lumens is an innovative and promising digital currency that provides a new solution for the global financial system, allowing anyone to conveniently make cross-border payments and remittances, and enjoy the variety of digital currencies Advantage.