What is STELLAR (XLM)

What is STELLAR (XLM)?

Stellar is a decentralized open source payment network. Stellar Lumens (XLM) are the native asset on the network that are used for facilitating exchanges.

 

PROS-

  • Near Zero Fees- A transaction fee of 0.00001 XLM  ($0.000005) is purely to deter DDoS attacks.
  • Near instant transaction settlement time (0-5 seconds)
  • Stellar.org is non profit with an intent to fight global poverty

CONS-

  • Stellar Lumens are a pre-mined coin with Stellar.org holding and distributing remaining tokens via airdrops over the next 10 years.
  • 17.85 Billion XLM currently circulating with a total supply of 103.5 billion  XLM to be released.
  • A high XLM  price would not necessarily further the  goal of reducing poverty.
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