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An overview of Stellar (XLM)

Eystein Hansen
May 28, 2024
3 minutes

What is Stellar (XLM)?

  • Coin/Token name: Stellar (XLM)
  • Protocol: Stellar Consensus Protocol (SCP)
  • Website: Stellar
  • Max supply: 50,001,786,974 XLM
  • Supply: ∼50,001,786,974 XLM (as of May 2024)
  • Current Market cap: ∼$3,121,335,074 (as of May 2024)

Introduction to Stellar

Stellar is a decentralized protocol designed to facilitate cross-border transactions between any currencies. Running on the Stellar Consensus Protocol (SCP), it enables fast and low-cost transactions. Users can send and receive different currencies through the network's "anchors," trusted entities that hold deposits and issue credits on the Stellar network. Stellar's mission is to create a more inclusive global financial system by making financial transactions accessible, quick, and cheap.

How can I get Stellar, and what can I do with it?

You can now trade $XLM directly with us.  We offer an XLM-NOK market to all our verified customers. You can trade it, hodl it, or use it for cross-border transactions and microtransactions due to its low fees and fast processing times.

Dive deeper into Stellar:

Links to Our Dedicated Price Pages for Stellar

This text is intended to inform and is not an investment recommendation.
#bitcoin
Eystein Hansen
May 28, 2024
3 minutes
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