stellar lumens

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Stellar Lumens

Stellar was made to support digital representations of any currency, but it also has its own built-in token, called the lumen, created to fill a special role in the network. By design, Stellar requires that each account hold a small number of lumens at all times.

This lumen requirement is modest—a few is more than enough for most accounts. The full technical details are covered in Stellar’s docs, but, below, we explore some high-level concepts.

Intro to Stellar

The Power of Stellar

Why does Stellar require lumens?

The need for lumens arose out of the fundamental design of Stellar’s ledger system. Simply put, it’s too easy to use. Without some nominal barrier or cost, the ledger could become filled with spam or nonsense, or used as a kind of arbitrary database system. These outcomes would defeat the intent behind Stellar: to be a fast, efficient payments system.

To solve this, we needed to introduce just the slightest bit of friction to deter bad or frivolous actors. Imposing a minimum balance on each account and a very small per-transaction fee were chosen as these deterrent costs. Right now, the minimum balance is 1 lumen and the minimum per-transaction fee is 0.00001 lumen. These are small enough to keep Stellar widely accessible, but big enough to discourage large-scale bad behavior.

Since Stellar is a universal system for digital money, we could’ve allowed people to pay these costs in dollars, pesos, yuan or anything else. But we felt none of these were appropriate. First, we didn’t want the network to “prefer” any particular national currency—if Stellar used dollars, say, then network prices would stay fixed for Americans but float for everyone else. And, even more, we wanted to create a digital-first asset that embraces the openness of the internet and is independent of economic and political factors.

So we gave the network its own currency, intended solely for denominating network requirements. That currency is “the lumen.” As you can see below, there are now 4.3 million Stellar accounts, and each of them uses lumens to meet minimum balance requirements and pay transactions fees.

A natural, pleasant, byproduct of having a network token is that it eases the movement of money between users. Because everyone has and needs lumens, lumens can always be a medium of exchange between otherwise illiquid assets.

The Lumen Supply

Unlike the tokens of other blockchains, lumens aren’t mined or awarded by the protocol over time. Instead, 100 billion lumens were created when the Stellar network went live, and for the first 5 or so years of Stellar’s existence, the supply of lumens also increased by 1% annually, by design.В

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That inflation mechanism was ended by community vote in October 2020. And in November 2020, the overall lumen supply was reduced. Now there are about 50 billion lumens, total, in existence, and no more lumens will be created.

Nearly 20 billion lumens are out in the open market, and the Stellar Development Foundation retains the other 30 billion or so to develop and promote Stellar, per its mandate. Those lumens will enter the public markets over the next few years. Anyone who wants a complete accounting for all lumens in existence should visit our Lumen Accounting guide for detailed explanations of major lumen metrics, as well as instructions on how to calculate supply details from the ground-up using Stellar’s APIs.

How to buy and store lumens

You need lumens to use Stellar. Luckily, they’re for sale on many exchanges and available for trade directly on the Stellar network as well.

In the U.S., Coinbase and Kraken are two options for buying lumens with dollars. Outside the U.S., Binance has a busy lumen market. The native Stellar exchange, Lobstr, allows you to buy lumens directly on the network. See our longer list of lumen-supporting exchanges for more options.

Note that digital currencies can be volatile and buying them can be risky. While lumens will always have utility in the Stellar network, the price of lumens denominated in fiat currency may change, and you could lose significant value.

For storing lumens and for easy access to network features like payments and peer-to-peer sends, we recommend a hardware or digital wallet from our wallets list.

Stellar is an open network for storing and moving money.

Borderless. Limitless. Powerful.

Stellar makes it possible to create, send, and trade digital representations of all forms of money: dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network.

Stellar makes money better.

Stellar’s API and SDKs are ready to help you transform the world of finance, and the network’s currency connections could give even a small company the power and reach of an international bank. Here’s what you can build with a few lines of code:

Global Payment Apps

Leverage the many currency-backed tokens already on the Stellar network.

Asset exchanges

Use Stellar’s built-in decentralized exchange for crypto, forex, or securities. Users can swap between tokens using simple functions built into the protocol.

You purchased 0.157 oz of GOLD.

Borderless decentralize Nigerian naira economic public ledger digital. Stablecoins wallet send, digital assets multisig path payment value tokenize. Fast API Brazilian reais trade compliance make markets. Open source no middleman, bank cross border API financial institutions.

Atomic swap universal asset issuer redeem. Distributed cash tokens access equitable nonprofit.

Unlock this article for $0.05

Micropayment services

Power payments of any size with Stellar’s low, flat fees and fast transactions.

Designed for developers

Stellar has the documentation, tooling, and support to help you get your project up quickly.

Stellar (XLM) Lumens Price Predictions for 2020-2025

Stellar (XLM) Lumen is one of those cryptocurrencies that are popular both with blockchain enthusiasts and business-oriented communities. With its fast transactions, customizability and high accessibility, you can see why Changelly had it listed right from the very beginning.

Stellar (XLM) Lumen is one of those cryptocurrencies that are popular to use both within blockchain-focused communities and traditional businesses. Stellar provides the advanced speed of transactions, is customizable and highly accessible. So you can guess why it was with Changelly right from the start.

In this article, we will talk about Stellar Lumens (XLM) price expectations in 2020, and 2025. We’d like to explain why Stellar cryptocurrency is a good investment and is it profitable to buy XLM coins in 2020.

The worst year in the XLM price history was 2020 as for almost every coin. The current year does not show a positive trend for the price of Steller’s lumens, as it continues to fall in value from January 1, 2020, the price of XLM decreased from $0.11 to $0.7 USD per coin by 37% in total.

In February of 2020, we’ve predicted a serious increase in the price of lumens in mid-2020, which actually happened – at peak values, the XLM price in May 2020 reached

$0.16 USD when the BTC started its rally.

All-Time-High Price of Stellar (XLM) Lumens in 2020. Source: Coin360.com

What is Stellar Lumens About?

Stellar is one of the altcoins that weren’t designed based on Bitcoin’s source code. The Stellar platform is a provider of foreign exchange transactions that operates in real-time via its internal coin – Stellar Lumens (XLM). It was founded by Jed McCaleb and Joyce Kim while they were still working on the Ripple system in early 2020.

The XLM coin was later re-established as an independent project powered by Stellar Lumens. Stellar is now developed by the Stellar Development Foundation, an organization founded to support the maintenance and funding of the crypto.

However, Stellar is more than just a cryptocoin. The Stellar project established a number of different services on top of the platform. The project currently offers token issuance, decentralized exchange, and a desktop client.

The coin also provides the Horizon API, a solution that offers the usage of the Stellar technologies to build new applications. The wide technological functions of the coin improved both Stellar price predictions and its implementation opportunities.

Read more about Stellar in the corresponding article.

Some of the Stellar use cases are:

  • Micropayments within a business and between private entities
  • Remittances sending
  • Mobile reach for financial services
  • Improvement of transactions’ security
  • Automatic currency exchange

Stellar is already implemented in the business processes of such companies like Deloitte, Parkway Projects and some others. The enterprise-friendliness of the coin is often stated as one of the main reasons behind the positivity of most XLM price predictions.

Stellar (XLM) Lumen Live Price

Here you can see a XLM Live Price.

Stellar Lumen (XLM) Latest News

The non-profit organization Stellar Development Foundation (SDF) refused to continue working on 2 billion. XLM among users of the Keybase messenger. The reason for the SDF called the mass registration of fake users.

Neither SDF nor Keybase can filter such a number of accounts. We do not want to reward such people, and Keybase does not want such users. We decided to close the airdrop

XLM Lumens Price Analysis Since Launch in 2020

Note: the XLM price history graph presented above is logarithmic, so the real difference in the height of its peaks is more significant than it looks.

Stellar Lumens, the units of digital currency of the project, have a low price per coin. These coins are mostly bought (or invested in) in significant numbers. For almost three years after the platform’s deployment, the price for 1 XLM lumen was around 0.2 cents.

The Stellar price history chart shows that the first significant increase in the XLM’s price happened in May 2020. Its value came close to be a little over 5 cents per coin; the coin price was 25 times its value in the previous years.

Another major jump of its price started in November, 2020. The ascending trend peaked in January 4th, 2020, when the price reached its current record of 85 cents.

Stellar Price Analysis for 2020 & 2020

Since its peak in January, Stellars price is on a downtrend. However, unlike other cryptocurrencies (most of which are also descending in price), XLM’s volatility provided the coin with several significant increases in the price too.

The Stellar price analysis shows that the coin experienced significant growth in April and July. Nevertheless, Stellar price is now ten times lower than it was at the start of the year.

However, since February 2020 Stellar has experienced a price peak of

$0.16 in May with overall raise in 40% on the positive news about Wirex, UK-based, FCA-regulated borderless payment platform, going to create 26 stablecoins on Stellar’s blockhain for EU citizens.

Technical Analysis of XLM

We’re are not going to pretend that we have technical analysis expertise, but here is the aggregate rating for Stellar Lumens (XLM) from several traders & analysts on TradingView.

XLM Lumens Price Prediction for 2020, 2022, 2025

There are several scenarios that seem probable in terms of the XLM price prediction for 2020, 2022, 2025 years.

#1. Beincrypto.com Price Prediction for 2020, 2022, 2025

Beincrypto.com relies on an analysis of the XLM chart with a three-day step from January 2020 to March 2020 and expects the price of XLM to be around $45 in December 2020 by analyzing Stellar’s coin price history.

Beincrypto XLM price projection for late 2020.

#2. WalletInvestor on Stellar Price Prediction for 2020-2025

Automatic WalletInvestor’s forecasts based on the current trend and basic technical analysis, predict that the XLM will trade at $0.0165 in the fourth quarter of 2020.

#3. LongForecast.com Bearish 2020 Predictions

Another automatic cryptocurrency price forecasts service claims that we should not expect anything good from the value of XLM in the coming years. The lumens coin will continue to fall to the price of $0.028 in late 2020.

#4. AltPocket.io Bullish XLM price forecast 2020-2025

Despite the obvious current downtrend, AltPocket expert expects to see growth in the long-term, predicting Stellar coin price of $10 in 2020 and $30 in 2025.

#5. Crypto Rating Moderate XLM Price Prediction

Crypto Rating sees the price at $0.462117 in a year and $0.690293 in 5 years in 2024-2025. The forecast is also automatic, based on price fluctuations over the past 180 days.

Stellar (XLM) Lumens Price Prediction for 2020-2025

Our forecast for Stellar Lumens is definitely positive and bullish while maintaining the growth of the entire cryptocurrency market, and it seems to be inevitable.

Why will the price of XLM rise?

  1. An excellent project team led by one of the Ripple founders – Jed McCaleb.
  2. A successful working product, integrated or in partnership with companies such as IBM, Microsoft, Wirex, etc.
  3. The current price looks underestimated comparing it with Bitcoin price growth since the start of the year. It looks like a good time to enter.

Also, read the project development plans and see for yourself, they have something to show to current and potential investors in the future.

In the 3-5 years, perspective Stellar’s lumens will grow in value reaching up to 1 dollar at the end of 2020 and up to $3-5 in 2025.

With how volatile the crypto market can be, it is important to be on top of the changes. Being able to quickly seize the chance of the best rates can make or break your fortune. With our widget, you can always quickly check the current rates of XLM.

Stellar Lumens F.A.Q.

What Are Stellar Lumens (XLM) Used For?

Cryptocurrency is designed to support any type of currency, it also has a built-in decentralized exchange that can be used to trade any currencies or assets.

How to Buy Stellar Lumens?

It is easy to buy XLM coin on many platforms. If you want to buy Stellar Lumens cryptocurrency anonymously using your credit card (USD, EUR, GBP), you can use the Changelly platform.

Is Stellar Lumens a Good Investment?

Should you buy Stellar Lumens? Most experts agree that the market value of this currency will regularly rise. This trend is directly related to the growing popularity of cryptographic money. At the moment, users have already appreciated the benefits of XLM, and consider it one of the most comfortable systems of this century.

Can Stellar Lumens Reach $100?

Due to the crypto market volatility, XLM can reach any price. However, the crypto market should be 100 times stronger to rise up to $100.

When Was XML Created?

Stellar Lumens was launched on July 31, 2020.

How Many Stellar Lumens Are There?

The circulating supply of Stellar crypto coins is 20,077,575,795 XLM.

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment vehicle.

Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment. Website personnel and the author of this article may have holdings in the above-mentioned cryptocurrencies.

About Changelly

Changelly is a secure instant crypto exchange that has 150+ cryptocurrencies available to be swapped and bought at market-best rates. Operating since 2020, the platform and its mobile application attract over a million visitors monthly, who all enjoy quick and simple exchanges, low transparent fees, and 24/7 live support.

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