Stellar [XLM] is Now Part of KuCoin’s Most Promising Tokens
Stellar Lumens XLM is not easy to obtain compared to bitcoin and other cryptocurrencies. The company only selected the best blockchain asset exchange platform to have their native currency transacted. And today, Stellar announced that they had listed XLM as part of KuCoin’s growing line of promising tokens.
XLM is now available for immediate deposit. Buying will be possible at 19:30 (UTC+8) while Selling/Withdrawal begins at 20:00 (UTC+8). These transactions can be made by utilizing KuCoin’s app for iOS and Android or direct to their official website, www.kucoin.com.
About Stellar XLM
In 2014, Stellar has been established as a by-product of Ripple because Jed McCaleb, the co-founder, had a different philosophy with the rest of the Ripple board. While Ripple is centered on giving solutions to banks, Stellar purposes to help promote payments between people. They operate comparably, but Stellar is a “bottom-up” approach while Ripple as “top-down.”
Stellar Lumens (XLM) are the token utilized by the Stellar network. The network generated 100 billion Lumens (XLM) when they have started. A transaction applying Lumens costs just 0.0001 XLM, worth a little fraction of a penny, and normally takes less than 6 seconds to be completed. The supply of Stellar Lumens increases about 1% annually.
Also, read: Stellar [XLM] Acquires Blockchain Startup “Chain”
Stellar Functions
What gives Stellar more than just a secure cryptocurrency is the partner organizations that serve as “Anchors.” Anchors are trusted entities that provide lines of credit for individuals to use the Stellar network using assets like dollars and euros.
Conclusion
Stellar XLM is fast cryptocurrency with low-fees, a built-in decentralized exchange, and the capacity to issue tokens and host ICOs may make Stellar the most successful cryptocurrency of 2018.
- Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?
- White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC
- Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role
- Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms
- Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
