Key metricsKey metrics
PricePrice$0.1282
Asset TypeAsset TypeCryptocurrency
StructureStructureFoundation
Project StatusProject StatusWorking Product
OwnershipOwnershipCentral Control
SectorSectorGlobal Remittance
IndustryIndustryBlockchain
FoundedFounded31-Jul-2014
Funds raisedFunds raised3M
CountryCountryUnited States
Key personKey personJed McCaleb

Stellar Lumens (XLM) Information{coin_name} ({symbol}) Information

Move Money Across Borders Quickly, Reliably, And For Fractions Of A Penny.

XLM is the native asset of the Stellar network. XLM is needed for transaction fees and minimum balances on accounts in order to prevent people from overwhelming the network and to aid in prioritization. XLM can also facilitate trades between pairs of currencies between which there is not a large direct market, acting as a bridge. This function is possible when there is a liquid market between the lumen and each currency involved.
Utility of the coin/token
Transaction and Account Fees

Team OverviewTeam Overview

Bartek Nowotarski
Software Engineer

Bartek Nowotarski is a software engineer focusing on web applications security. He has a masters in computer science from Jagiellonian University. Before joining Stellar, Bartek worked as a lead developer and security consultant, and he has found vulnerabilities in high-profile sites such as Facebook and Yahoo.

Boris Reznikov
Partnerships

Boris loves thinking about ways to drive growth by building relationships and connecting people with similar goals. Prior to Stellar Boris was at Deloitte Consulting, where he developed growth strategies for clients in a variety of industries. In a previous life, Boris advised Fortune 500 companies on hostile mergers and proxy contests. Boris holds an MBA from Duke University.

David Mazières
Chief Scientist

David Mazières is a professor of Computer Science at Stanford University, where he leads the Secure Computer Systems Group. Prof. Mazières received a BS in Computer Science from Harvard and Ph.D. in Electrical Engineering and Computer Science from MIT. His research interests include Operating Systems and Distributed Systems, with a focus on security.

Jed McCaleb
Cofounder

Jed McCaleb is a co-founder of Stellar Development Foundation. Previously, he created eDonkey2000 which became one of the largest file-sharing networks in its time. He later created Mt. Gox, the first bitcoin exchange, which was subsequently sold and re-coded by its current owners, followed by Ripple.

Lisa Nestor
Director of Partnerships

Lisa is researcher and business strategist with a passion for financial empowerment. Prior to joining Stellar Lisa was a business development volunteer with the Peace Corps (Mauritania ’07-’09), led operations and partnerships for a portfolio of research studies at the Centre for Micorfinance (India) and most recently led product marketing and growth at Payoff. Lisa holds an MBA from UCLA Anderson.

Nicolas Barry
CTO

Nicolas is excited by turning potential technology into something practical that benefits most. He likes to tinker with software and tackle hard distributed problems. He previously helped build large scale systems at Microsoft and Salesforce. Nicolas holds a MS in Computer Science and Mathematics from ENSEEIHT in Toulouse, France.

Rafał Malinowski
Developer

Rafał is a software developer with great passion for C++. In free time he works on two open source projects – Kadu and Injeqt. When the weather is right he likes to ride a bike and fly a glider.

Scott Fleckenstein
Developer

Scott has been writing code professionally since graduating from high school. Prior to Stellar, he worked as Lead Developer at Couchsurfing, Lead Engineer and Chief Architect at OpenFeint (acquired by GREE) and was Lead Engineer and on the founding team for Get Satisfaction.

OrganizationsOrganizations

Lightyear.io

Company NumberCompany Number -
For profit arm of Stellar

Stellar Development Foundation

Company NumberCompany Number -
PO BOX 410325 San Francisco, CA 94141
United States
Supposedly the non profit organization behind Stellar.org

Stellar Labs, Inc.

Company NumberCompany Number 5602267
205 Park Rd, Burlingame, CA 94010, USA

Questions and AnswersQuestions and Answers

What are lumens?
One lumen (XLM) is a unit of digital currency, like a bitcoin. Lumens are the native asset of the Stellar network. Native means that lumens are built into the network. Asset is how the network refers to an item of value that is stored on the ledger. One lumen is a unit of digital currency, like a bitcoin. While you can’t hold a lumen in your hand, they are essential to the Stellar network—they contribute to the ability to move money around the world and to conduct transactions between different currencies quickly and securely.
Where did lumens come from?
In 2014 the Stellar network launched with 100 billion stellars, the original name of the network’s native asset. In 2015, with the launch of the upgraded network, the name of the native asset changed from stellar to lumen to distinguish it from 1) the Stellar network itself and 2) Stellar.org, the nonprofit organization that contributes to development of the network.
Why does the Stellar network need a native asset?
The Stellar network offers the innovative features of a shared public ledger on a distributed, global database — often referred to as blockchain technology. The Stellar network’s built-in currency, the lumen, serves two purposes: First, lumens play a small anti-spam role. Lumens are needed for transaction fees and minimum balances on accounts on the Stellar network in order to prevent people from overwhelming the network and to aid in prioritization. Each transaction has a minor fee—0.00001 lumens—associated with it. This fee prevents users with malicious intentions from flooding the network (otherwise known as a DoS attack). Lumens serve as a security measure that mitigates DoS attacks that attempt to generate large numbers of transactions or consume large amounts of space in the ledger. Similarly, the Stellar network requires all accounts to hold a minimum balance of 0.5 lumens. This requirement incentivizes users to declutter the ledger by eliminating abandoned accounts, thereby that ensuring that all accounts are likely to have economic utility on the network. Second, lumens may facilitate multi-currency transactions. Lumens sometimes facilitate trades between pairs of currencies between which there is not a large direct market, acting as a bridge. This function is possible when there is a liquid market between the lumen and each currency involved.
What is XLM?
XLM is shorthand for lumen. Most currencies have 3-letter codes (USD, EUR, AUD, BTC) as an international standard.
Who governs lumen creation?
Lumen supply is determined by fixed, protocol-level rules. The number of lumens created at genesis was 100 billion. Every year, there is a 1% inflation rate. New lumens cannot be generated arbitrarily by anyone.
How does inflation work with lumens? Why is there inflation?
The Stellar network has a built-in, fixed inflation mechanism. New lumens are added to the network at the rate of 1% each year. The network also collects a base fee for each operation in a transaction. The funds from base fees are added to the inflation pool. As a balancing measure for the ecosystem, anyone who holds lumens can vote on where the funds in this pool go. Each week, the protocol distributes these lumens to any account that gets over .05% of the votes from other accounts on the network.
How are lumens distributed?
Stellar.org intends to distribute the initial 100 billion lumens as follows: 50% given away to individuals : A small (50-300 XLM) amount of lumens will be given to each unique individual who signs up through an invitation link. You may get an invitation from one of our partners or by attending one of our meetups. 25% given away to partners: Lumens will be given to businesses, governments, institutions, or nonprofit organizations that contribute to the growth and adoption of the Stellar ecosystem. 20% given away to bitcoin and XRP holders: Stellar.org distributed lumens to holders of bitcoin and XRP (19% for bitcoin holders and 1% for XRP holders). This giveaway was completed in two rounds: one round was completed in October 2016 and another was completed in August 2017. Stellar.org does not intend to conduct another round of lumen giveaways for bitcoin or XRP holders. 5% reserved for Stellar.org operational expenses
Why is Stellar.org giving away lumens?
To achieve a more inclusive digital economy. Per our mission, Stellar.org works to connect people to low-cost financial services. Giving away lumens for free is an invitation to communities to design the services they need. Our hope is to eventually have global citizens own and use XLM, in both developing and developed economies. To expand the reach of the network. The availability and active use of lumens on the network will increase the network’s utility by many orders of magnitude. As of January 2018, we have now given away over 8 billion lumens.
Why should I buy lumens if you are giving them away for free?
As an integrator or anchor (an integrator that is trusted to accept deposits and honor withdrawals, usually a licensed money service business), you may need a large quantity of lumens to cover base fees for transactions on the network, to create and use sophisticated smart contracts, and for account creation. As a money transfer operator or market maker, you may buy and use lumens as a bridge asset to facilitate trades of different asset trade pairs on the network. As a developer or entrepreneur, you may buy and use lumens to learn about cryptocurrency, experiment with operations, and build innovative applications on the Stellar Network. In the future, after we have given away all the lumens—which will happen over the next 10 years—everyone will need to procure lumens from third parties.

TechnicalTechnical

Key metricsKey metrics
ProofProofPoS

Source Code Repositories

stellar/stellar-core 2206 Stars 74 Contributers 139 Open Issues

stellar-core is the backbone of the Stellar network. It maintains a local copy of the ledger, communicating and staying in sync with other instances of stellar-core on the network. Optionally, stellar-core can store historical records of the ledger and participate in consensus.

stellar/go 534 Stars 75 Contributers 171 Open Issues

Stellar's public monorepo of go code

stellar/js-stellar-sdk 377 Stars 37 Contributers 20 Open Issues

Main Stellar client library for the Javascript language

EconomicsEconomics

Tradeable CoinsTradeable Coins
19,408,949,002 (18% of total) ({tradeable_of_total} of total)

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Upbit XLM/KRW $0.1297 1.1% $6,295,218 0.66% 0.66%
Binance XLM/USDT $0.1275 -0.55% $6,067,499 0.11% 0.14%
Binance XLM/BTC $0.1281 -0.07% $5,826,222 0.08% 0.17%
Coinbase Pro XLM/USD $0.1277 -0.41% $2,320,509 0.22% 0.23%
Coinbase Pro XLM/BTC $0.1277 -0.42% $1,009,558 0.34% 0.34%
Kraken XLM/EUR $0.1278 -0.35% $812,588 0.18% 0.21%
Kraken XLM/USD $0.1270 -0.91% $655,818 0.04% 0.06%
Bittrex XLM/BTC $0.1278 -0.33% $480,363 0.09% 0.43%
Kraken XLM/BTC $0.1279 -0.25% $459,260 0.17% 0.26%
Binance XLM/BNB $0.1282 -0.05% $367,375 0.58% 0.87%
BTCTurk XLM/TRY $0.1274 -0.6% $344,231 0.23% 0.34%
Coinbase Pro XLM/EUR $0.1281 -0.09% $323,918 0.35% 0.45%
Binance XLM/ETH $0.1281 -0.12% $301,364 0.34% 0.62%
Bittrex XLM/ETH $0.1278 -0.33% $238,204 0.59% 0.59%
Bitfinex XLM/BUSD $0.1282 0% $200,212 0.1% 0.16%
CEX.io XLM/USD $0.1282 -0.05% $166,973 0.08% 0.16%
Bitfinex XLM/BTC $0.1286 0.27% $131,867 0.43% 0.43%
Binance XLM/USDC $0.1275 -0.56% $124,248 0.45% 0.49%
Binance XLM/TUSD $0.1266 -1.3% $117,219 0.42% 0.48%
Gate.io XLM/USDT $0.1272 -0.79% $92,850 0.55% 0.94%
Bitfinex XLM/ETH $0.1284 0.15% $66,805 0.52% 0.56%
Bittrex XLM/USDT $0.1271 -0.84% $63,231 0.46% 0.62%
Binance XLM/PAX $0.1274 -0.67% $52,508 0.4% 0.93%
BTC Markets XLM/AUD $0.1295 0.97% $32,114 1.3% 1.5%
CEX.io XLM/BTC $0.1283 0.1% $20,268 0.51% 1.3%
CEX.io XLM/EUR $0.1260 -1.7% $15,938 0.71% 0.71%
Gate.io XLM/BTC $0.1300 1.4% $3,756.56 0.94% 2.3%
Gate.io XLM/ETH $0.1280 -0.13% $3,480.56 0.72% 2.4%
Bitfinex XLM/BJPY $0.1282 0% $3,242.50 0.1% 0.16%
Bitfinex XLM/BGBP $0.1282 0% $3,043.87 0.1% 0.16%
Bitfinex XLM/BEUR $0.1282 0% $995.86 0.1% 0.16%
BTC Markets XLM/BTC $0.1361 6.2% $3.6678 40% 40%
Lykke XLM/USD $0.1320 2.9% $0.0000 4.4%
Lykke XLM/BTC $0.1365 6.4% $0.0000 9.9%

Latest Stellar Lumens NewsLatest Stellar Lumens News

Stellar on Twitter

Essentially, the best business decision and technical decision we made in our history so far is to switch to Stellar." - Meinhard Benn (@meinharrd), CEO of @SatoshiPay #Stellar #StellarDevelopers https://t.co/5ivyViAZT3

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Wirex (@wirexapp) just released #Stellar Federation Addresses, making it even easier now to transfer your Stellar-based money. https://t.co/W1uumWTdn6 #StellarDevelopers

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Exposure to the IMF's Special Drawing Right (SDR) is no longer only available to central banks. Congrats to Paysend on the launch of their stablecoin using the #Stellar platform! https://t.co/Xvd5JENBxC

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ZCon is this weekend! Catch @cathieyun and @oleganza there on Sunday talking about #ZkVM. https://t.co/qL9aeudcl2…

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Blockchain-based lending platform @Bitbond is launching a security token offering (STO) that it says is the first to be approved by a regulator in Germany." We love to see organizations using #Stellar to become pioneers in their field. https://t.co/5OUE13Hxx4

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ICYMI, check out @JedMcCaleb's Q&A on inflation, #WorldWire, Protocol 11, the SDF mission to focus on the cross-border payments, and the biggest challenge that #Stellar faces today... https://t.co/Opp0uPeAMc

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How much do companies value globalization as it relates to payments? SDF recently attended an @SVB_Financial event on going global with cross-border payments and FX strategy. Among the attendees were Wish, Lob, and @stitchfix. #Stellar… https://t.co/TIvK1Rst5K

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[Kelp] provides concise documentation for beginners and then adds on more info for more advanced users. [...] For developers, nothing is better than a beautiful, well-commented code base." #Stellar #StellarDevelopers https://t.co/xePetxDoP0

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Stellar on Twitter

We've added another NYC #StellarCluster Meetup to the calendar. Join us next Thursday, June 20 for a workshop on how to create a token on the #Stellar network. RSVP now, only 11 spots left! https://t.co/UpM8rbk2oR

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Hey everyone, #Stellar Horizon v0.18.0 was released yesterday. Please look at the breaking changes before upgrading. More info here: https://t.co/h8inRYaw2g #StellarDevelopers

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This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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