What are Stellar Lumens (XLM)?
Stellar network is an open source protocol for value exchange, created by the co-founder of Ripple, that uses Lumens as “native asset” on their blockchain. Lumens (XLM) are used to facilitate multi-currency transactions on the blockchain as well as prevent spam on the Stellar Network.
What value to buyers of Lumens see in them?
The information in the Stellar Foundations site covers the use cases such as micropayments that cost less, lower cost of remittances, mobile money lending and increased reach through mobile branches. The list of companies in tech and finance, IBM and Deloitte among them, that use Stellar Network in some capacity is growing.
What are the criticisms of Stellar (XLM)?
Stellar was created with a “fork” of the Ripple code, so it’s created a separation between supporters as one having to be better than the other.
The original airdrop of Stellar tokens, allowed the Stellar Foundation to hold onto any “unclaimed” tokens that were given to Bitcoin and Ripple holders, which some reports claim was close to 18 billion of the 20 million total tokens.
The Ripple vs. Stellar fight is reminiscent of the cola wars between Coca Cola and Pepsi, most agree that arguing over sugared water is a complete waste of time.
What is the Current Price of Stellar Lumens?