Stellar is continuously making gains even in the red market. Meanwhile, the adoption of the Stellar network is also on the rise with names like Stellarport, Masmic Platform, Steem Anchor, and Pioneering leveraging this 6th largest cryptocurrency.
Stellar price making jumps
Since last week, Stellar has made quite an impact as it surged 19 percent last week while a majority of the crypto market remained somewhat boring. At the time of writing, XLM has been trading at $0.2425 while being up by about 0.38 percent. The sixth largest cryptocurrency has a market cap of $4.6 billion while managing the daily trading volume of $39 million.
Stellarport announces new markets to trade
StellarStellar wallet and decentralized trading client, Stellarport recently introduced a number of new markets. Their new update allows, “users to search through all markets on the SDEX and even create new ones.”
We’re introducing a BIG update today. Now, you can trade on many more markets on Stellarport – including non-XLM markets as well.
Check out all the new markets:https://t.co/2uSQKDOYeA
Read more about the new update:https://t.co/JeDwRMvE1Z
— stellarport (@stellarportio) October 19, 2018
This further allows one to create their own markets. You need to just add an order and “soon enough others will discover it too (it may take up to an hour though).”
About 25k stellar airdrop announced by pioneer
Launched in August, Pioneer is “an experiment in building an online game for productivity.” The project announced on Twitter:
“Big news: winners of our upcoming October tournament will receive $6,000 in Stellar lumens (in addition to $5,000 in USD). It’s a cryptocurrency airdrop to the creative outsiders of the world.”
We’re excited to support Pioneer in their mission of helping advance groundbreaking ideas from the creative outsiders of the world. https://t.co/OvtxasEND9
— Stellar (@StellarOrg) October 19, 2018
Stellar crypto for Masmic platform
With the objective to build a platform that “ could further the promise of cryptocurrencies to enable easy value transfer using the internet in the same way as information transfer/sharing over the internet is today,” Masmic has been developed. As for why Stellar, the company shares,
“Stellar Lumens is the only cryptocurrency which fulfilled all of our requirements. With TPS of 1000, extremely low transaction cost of 0.00001 XLM (XLM is currently priced at around $0.25) and tuning-incomplete smart contract capabilities, XLM became our natural choice.”
Steem Anchor = Steem + Stellar
Recently, Steem announced Steem Anchor which combines the technology from Steem and Stellar. Steem Anchor basically represents Steem and Steem Dollar (SBD) on the Stellar decentralized exchange.
As for its working, on depositing STEEM and SBD through steemanchor.com, an equal amount of tethered assets are minted on the Stellar Network. These are then delivered to the Stellar account address. Tethered STEEM and SBD can be then traded and exchanges for any other assets available on Stellar Decentralized Exchange via Stellar Lumens (XLM).
I am an entrepreneur and a writer with a bachelors degree in Computer Science. I manage the blockchain technology and crypto coverages at Coingape. follow me on Twitter at @arya_achal or reach out to me at achal[at]coingape.com.