Stellar
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Stellar BasicReport a Data Error
Stellar Info
Stellar Team
Individuals
OrganizationsStellar Intro
Stellar(XLM) is an open blockchain protocol, aiming to provide a fast and cost-effective solution for cross-border payments and asset transfers.
The Stellar network utilizes a distributed consensus protocol called Stellar Consensus Protocol (SCP) to ensure consensus among nodes regarding the validity of transactions. This consensus algorithm enables the Stellar network to confirm transactions within seconds and at a very low cost, making it an ideal choice for cross-border payments and small-scale asset transfers. By connecting various financial institutions and payment networks, it achieves convenient, efficient, and affordable cross-border payments. XLM, as the native token of the Stellar network, serves as a bridge currency in this process, enabling quick exchanges between different assets.
The Stellar project is developed and managed by a professional team from 2014, including its core team members such as founder Jed McCaleb. Jed McCaleb is a well-known figure in the cryptocurrency field, having been involved in the creation of the Bitcoin exchange Mt. Gox and the Ripple protocol.
Above are only for introduction, not intended as investment advice.
Stellar Unlock & AllocationReport a Data Error
Q&A about Stellar Tokenomics
Explore the tokenomics of Stellar (XLM) and review the project details below.
What is the allocation for Stellar (XLM)?
Stellar initially created 100 billion XLM. However, in 2019, the Stellar Development Foundation (SDF) decided to reduce the total supply. They burned over 50% of the total XLM, leaving approximately 50 billion in existence.
- 12 billion XLM was allocated to SDF Operations
- 6 billion XLM was allocated to Giveaways
- 12 billion XLM was allocated to Partnerships
- 20 billion XLM was allocated to User Acquisition
What is the supply schedule for Stellar (XLM)?
Stellar initially had a 1% yearly inflation mechanism, but this was stopped in October 2019. As a result, no new XLM is created, and the supply is gradually decreasing due to small amounts being burned as transaction fees.
Upon its launch in 2015, 100 billion XLM were issued, but the current supply has been adjusted. Presently, there are 50 billion XLM in total. In 2019, the Stellar Development Foundation decided to burn over half of the cryptocurrency's supply, retaining control over approximately 30 billion XLM. Some of these funds are designated for marketing and organizational development, while about a third is set aside for investments in other blockchain projects. To view real-time updates on token information, you can visit https://dashboard.stellar.org/
Stellar Token Allocation
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Stellar Financing history
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Stellar(XLM) is an open blockchain protocol, aiming to provide a fast and cost-effective solution for cross-border payments and asset transfers.
The Stellar network utilizes a distributed consensus protocol called Stellar Consensus Protocol (SCP) to ensure consensus among nodes regarding the validity of transactions. This consensus algorithm enables the Stellar network to confirm transactions within seconds and at a very low cost, making it an ideal choice for cross-border payments and small-scale asset transfers. By connecting various financial institutions and payment networks, it achieves convenient, efficient, and affordable cross-border payments. XLM, as the native token of the Stellar network, serves as a bridge currency in this process, enabling quick exchanges between different assets.
The Stellar project is developed and managed by a professional team from 2014, including its core team members such as founder Jed McCaleb. Jed McCaleb is a well-known figure in the cryptocurrency field, having been involved in the creation of the Bitcoin exchange Mt. Gox and the Ripple protocol.
Above are only for introduction, not intended as investment advice.