Stellar is a decentralized, open-source platform designed to streamline cross-border transactions by making them faster, cheaper, and more secure. Initially based on the Ripple protocol, it now operates on a semi-decentralized consensus platform, supporting multiple currencies like the USD, RMB, or yen.
Key Features of Stellar
- High-Speed Transactions: Processes over 1,000 transactions per second.
- Near-Instant Confirmation: Transactions finalize in 3–5 seconds.
- Ultra-Low Cost: Fees average less than $0.00001 per transaction.
The platform’s native currency, Stellar Lumens (XLM), serves two critical functions:
- Anti-Spam Measure: A nominal fee of 0.00001 XLM per transaction prevents network spam.
- Multi-Currency Bridge: Facilitates seamless exchanges between different currencies.
Unlike Bitcoin, XLM cannot be mined. The total supply was fixed at 100 billion tokens at launch, with a 1% annual inflation rate for the first five years. Currently:
- Circulating Supply: ~20 billion XLM.
- Held by Stellar Development Foundation: 30 billion (for ecosystem growth).
How to Acquire Stellar Lumens (XLM)
1. Stellar Lumens (XLM) Faucets
Crypto faucets reward users with small amounts of XLM for completing simple tasks (e.g., watching ads, playing games). Popular options include:
👉 Discover top-rated crypto faucets
2. Stellar Lumens (XLM) Airdrops
Airdrops distribute free XLM to promote projects. Examples:
- Airdrops.io: Requires Twitter/Telegram engagement.
- EarnCrypto: Earn XLM via surveys, referrals, or videos.
Tip: Track new airdrops on AirdropAlert.com.
3. Play-to-Earn Stellar Lumens Games
Mobile games offering XLM rewards:
- PopStellar – Earn XLM
- Stellar AW – XLM Reward
FAQ
Can I mine Stellar Lumens (XLM)?
No. XLM uses the Stellar Consensus Protocol (SCP), not Proof of Work (PoW).
How many XLM tokens exist?
~50 billion total, with 20 billion in circulation.
Where can I buy XLM securely?
Platforms like Bitnovo offer safe XLM purchases.
👉 Explore trusted XLM exchanges
Summary: While mining XLM isn’t possible, faucets, airdrops, and games provide free tokens. For larger holdings, consider reputable exchanges.
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