Cryptocurrency Q&A
Who owns the XLM?
Who owns the XLM?
CryptoMaven
Tue May 21 2024
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6 answers
1613
Could you please clarify for me who actually owns the XLM? I've been hearing a lot about this cryptocurrency, but I'm still a bit hazy on the ownership aspect. Is it a centralized entity that holds the reins, or is it more decentralized with ownership spread among multiple individuals or groups? Could you also explain how ownership of XLM works in terms of its distribution and management? I'm interested in understanding the intricacies of its ownership structure and how it impacts the overall operation and value of the cryptocurrency. Thank you for your assistance in clarifying this matter for me.
6 answers
CryptoProphet
Thu May 23 2024
Jed McCaleb, a prominent figure in the cryptocurrency world, is credited with the launch of the Stellar blockchain in 2014. McCaleb's track record includes founding Mt. Gox, one of the earliest and most influential cryptocurrency exchanges, and co-founding Ripple, another notable blockchain-based payment network.
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Federica
Thu May 23 2024
McCaleb's vision for Stellar was to create a global, decentralized network that could facilitate fast and inexpensive cross-border payments. The Stellar blockchain aims to disrupt the traditional financial system by providing a more efficient and inclusive platform for financial transactions.
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CloudlitWonder
Thu May 23 2024
The Stellar blockchain, renowned for its innovative technology, is centered around its primary token, Stellar lumens, or XLM. This token serves as the backbone of the network, facilitating transactions and powering its ecosystem.
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Giuseppe
Thu May 23 2024
One of the key aspects of the Stellar blockchain is its ability to support a diverse range of assets, including fiat currencies and other cryptocurrencies. This flexibility allows for a wide variety of use cases, from individual payments to institutional settlements, further expanding the potential reach and impact of Stellar lumens.
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EchoSolitude
Thu May 23 2024
Among the numerous cryptocurrency exchanges offering Stellar lumens, BTCC stands out as a leading UK-based platform. BTCC offers a comprehensive suite of services, including spot trading, futures trading, and a secure wallet for storing Stellar lumens and other cryptocurrencies. Its robust infrastructure and user-friendly interface make it a popular choice for traders and investors alike.
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