XLM (Stellar) is the native cryptocurrency of the Stellar platform, a decentralized, open-source blockchain network for cross-border payments and asset transfer.$XLM
- _Symbol_: XLM
- _Consensus Algorithm_: Stellar Consensus Protocol (SCP)
- _Total Supply_: 50 billion XLM tokens
- _Circulating Supply_: Approximately 20 billion XLM tokens
- _Use Cases_:
- Cross-border payments
- Asset transfer
- Decentralized finance (DeFi)
- Remittances
- _Unique Features_:
- Fast and cheap transactions
- Decentralized exchange (DEX)
- Multi-asset support
- Compliance-focused
Stellar aims to provide a scalable, secure, and compliant platform for global payments and asset transfer.
Current Price (approximate):
- Price: $0.12
- Market Cap: $2.5 billion
- 24h Volume: $100 million
References:
1. Stellar Website
2. CoinMarketCap
3. CoinGecko
Some potential benefits of XLM include:
1. Fast and cheap transactions
2. Decentral