Introduction to Stellar
Stellar is a powerful, open-source blockchain network created to revolutionize cross-border payments and financial inclusion. Launched in 2017, Stellar was co-founded by Jed McCaleb, who also played a key role in the development of Ripple. Unlike traditional cryptocurrencies that focus mainly on decentralization or store-of-value concepts, Stellar aims to bridge the gap between the world’s financial systems, making it easier, faster, and cheaper to move money across borders. Its native token, XLM (Lumens), serves as a bridge currency to facilitate transactions and minimize transfer costs, helping Stellar gain traction among businesses and institutions seeking efficient global payment solutions.
Key Stats at a Glance
- Launch Year: 2017
- Market Cap: $7.4 Billion
- All-Time High (ATH) Price: $0.93
- Blockchain: Stellar
- Token Ticker: XLM
Key Features
Stellar stands out for its blazing-fast and low-cost transactions, with each transaction costing just 0.00001 XLM—making it one of the most efficient blockchains in operation. The platform is specifically designed for cross-border transfers, aiming to reduce the complexity and cost of moving money between countries. Its architecture connects banks, payment systems, and people, allowing for seamless international settlements. This vision has already attracted major institutional use cases, including IBM, which has used Stellar for blockchain-based international payment solutions.
Tokenomics and Distribution
Stellar has a maximum supply of 50,001,806,812 XLM, carefully distributed to support the network’s growth, development, and adoption:
- Ecosystem Incentives: 53.29%
- Marketing Operations: 27.52%
- ESCROW: 19.19%
Conclusion
Stellar is more than just a digital currency—it’s a financial infrastructure designed to open up the global economy. With its focus on fast, low-cost, and scalable transactions, Stellar empowers individuals and institutions to transfer money across borders with unprecedented ease. Backed by strong industry partnerships and a clear mission for financial inclusion, XLM continues to be a key player in the evolution of blockchain-powered financial services.