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.