Stellar
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Stellar Info
Stellar Team
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Stellar (XLM) is an open blockchain protocol designed to provide fast, cost-effective solutions for cross-border payments and asset transfers. It utilizes the Stellar Consensus Protocol (SCP), which ensures consensus among nodes, enabling transaction confirmations within seconds at minimal cost. This makes Stellar ideal for global remittances and microtransactions. The network connects various financial institutions and payment networks, facilitating efficient, affordable cross-border transfers. XLM, the native token of Stellar, plays a pivotal role as a bridge currency for fast exchanges between different assets.
Founded in 2014 by Jed McCaleb, co-founder of Ripple, Stellar has grown into one of the leading blockchain platforms focused on financial inclusion and blockchain-based payments.
In recent updates, Stellar’s Protocol 20 was officially rolled out in February 2024, introducing Soroban, a new smart contract platform designed to enhance developer experience and unlock decentralized applications (DApps) on the Stellar blockchain. Soroban allows developers to build more complex financial agreements and decentralized apps using multiple programming languages, such as Rust and JavaScript. This smart contract integration marks a major shift for Stellar, moving it beyond its core focus on payments and into the broader world of DeFi and DApps.
The deployment of Soroban was accompanied by a phased upgrade process that began in late 2023, culminating in a stable release on February 20, 2024. Soroban’s release is expected to attract more developers to the Stellar ecosystem, further expanding its use cases.
Above are only for introduction, not intended as investment advice.
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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 (XLM) is an open blockchain protocol designed to provide fast, cost-effective solutions for cross-border payments and asset transfers. It utilizes the Stellar Consensus Protocol (SCP), which ensures consensus among nodes, enabling transaction confirmations within seconds at minimal cost. This makes Stellar ideal for global remittances and microtransactions. The network connects various financial institutions and payment networks, facilitating efficient, affordable cross-border transfers. XLM, the native token of Stellar, plays a pivotal role as a bridge currency for fast exchanges between different assets.
Founded in 2014 by Jed McCaleb, co-founder of Ripple, Stellar has grown into one of the leading blockchain platforms focused on financial inclusion and blockchain-based payments.
In recent updates, Stellar’s Protocol 20 was officially rolled out in February 2024, introducing Soroban, a new smart contract platform designed to enhance developer experience and unlock decentralized applications (DApps) on the Stellar blockchain. Soroban allows developers to build more complex financial agreements and decentralized apps using multiple programming languages, such as Rust and JavaScript. This smart contract integration marks a major shift for Stellar, moving it beyond its core focus on payments and into the broader world of DeFi and DApps.
The deployment of Soroban was accompanied by a phased upgrade process that began in late 2023, culminating in a stable release on February 20, 2024. Soroban’s release is expected to attract more developers to the Stellar ecosystem, further expanding its use cases.
Above are only for introduction, not intended as investment advice.