Stellar Network is thrilled to announce that they have listed their native and transaction currency Lumen XLM to KuCoin exchange platform. Immediate deposit is now available with trading pairs like XLM/BTC and XLM/ETH.
Buying XLM will be available at 19:30 (UTC+8) and Selling/Withdrawal starts at 20:00 (UTC+8). All transactions can be affected by using KuCoin’s app for iOS and Android or to their official website, www.kucoin.com for web preference.
Stellar (XLM) is a remarkably fast settlement mechanism, a peer-to-peer cryptocurrency based initially on Ripple, established and contracted in early 2014 by Jed McCaleb, who served start Ripple (XRP) but succeeding found his disagreements with the committee of Ripple Labs to be unworkable.
Stellar converges on the peer-to-peer market and has seen some critical partnerships arise, including IBM. Apart from technological advances that have distinguished it from Ripple in the years since its forking, this is the main difference that requires to be understood when explaining Ripple and Stellar. Ripple Labs intends to facilitate transactions within large financial houses while Stellar would favor being a profoundly in-demand cryptocurrency for seamless payments between individuals and merchants.
Stellar promotes near-instant payments between parties, and its network includes “anchors,” which are trusted third-parties who help onboard network participants utilizing traditional centers like bank accounts and other fiat institutions. For example, partners like Mifos and Moni both work to build banking solutions using Stellar technology.
The mission of the Stellar Development Foundation (SDF) is to help global financial access, literacy, and incorporation which is accomplished through equipping developers with the technology to build financial products and services for their areas.
What Are Stellar Lumens?
Lumens XLM is the native token of the blockchain, and there are over 18.5 billion revolving the cryptocurrency sphere, of 103.78 billion available.
They are distributed according to a charter:
– 50% for distribution via the Direct Sign-up Program
– 25% for distribution via the Partnership Program
– 20% for distribution via the Bitcoin Program
– 5% held by SDF to support operational costs
In the years between the division of XLM and Ripple (XRP), the technologies have contrasted themselves considerably enough to carry two independent market capitalizations.