The Peoples Token

Stellar Network

Put simply, Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology.

The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.

If all of this sounds familiar, it is worth noting that Stellar was originally based on the Ripple Labs protocol. The blockchain was created as a result of hard fork, and the code was subsequently rewritten.

  • The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value.
  • Other tokens can be created on the Stellar network aside from Lumens. Like Ethereum, the Stellar blockchain can house other token types, for example tokenized versions of fiat money can be created to help facilitate cross-asset transfers of value. Due to tokens being able to be issued, exchanged, and transferred via the Stellar Network, Stellar is one of the only other choices for ICOs aside from Ethereum (but not the only other choice; for example the Tron network can handle ICOs as well).
  • Like Ripple, Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies.
  • Lumens have low fees (each transaction has a minor fee—0.00001 lumens—associated with it).

“We believe that Stellar will become the Peoples Token that will be used for Peer-to-Peer transactions.”

50,001,802,407 XLM

Total Circulating Supply

8,909.73% ROI

Since inception in 2014

Stellar News

Latest news Articles

Pendulum, Stellar News
Introducing Spacewalk: The trust-minimized bridge between Stellar and Pendulum
Spacewalk will enable Pendulum chain to utilize the multitude of fiat stable tokens on the Stellar blockchain and help build the fiat DeFi future. Spacewalk is the first bridge between...
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Coin Bureau’s Prediction for Stellar Lumens ($XLM) in 2022
Popular crypto commentary and market analysis show Coin Bureau has issued a prediction for the price of cryptocurrency Stellar Lumens ($XLM) in 2022. Speaking in a recent YouTube episode, Coin...
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Ukraine’s Central Bank Oversees Digital Currency Pilot Using Stellar
The pilot has the endorsement of the central bank and the Ministry of Digital Transformation. Editor’s note: The original headline stated that Ukraine’s central bank would run the pilot. It...
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Why MoneyGram Launched A Bankless Payment Method On Stellar
Payment giant MoneyGram International continues to cement its partnership with the Stellar ecosystem. Via an official post, the company announced a new stage for its collaboration by deploying a live...
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How Stellar’s $40M Investment In Tala Will Give Millions Access To Financial Services
The Stellar Development Foundation (SDF) has made a fresh bet on the financial services sector. According to a press release, the institution participated in a $145 million series E for...
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Stellar News
IBM and Stellar (XLM) enter cross-border payments
The battle for supremacy in the cross-border payments industry on the blockchain is no longer Ripple’s only arena. The longstanding partnership between IBM and Stellar (XLM) has brought about a...
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