Cryptocurrency Q&A Is XLM a utility token?

Is XLM a utility token?

HanRiverVisionaryWave HanRiverVisionaryWave Wed Oct 30 2024 | 5 answers 1188
I'm exploring the nature of XLM in the cryptocurrency market. Specifically, I want to understand if XLM functions as a utility token, given its various use cases and properties within the Stellar network. Is XLM a utility token?

5 answers

BusanBeautyBloomingStarShine BusanBeautyBloomingStarShine Fri Nov 01 2024
Lumens can be transferred across the Stellar Network.

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DaeguDivaDanceQueenElegance DaeguDivaDanceQueenElegance Fri Nov 01 2024
This allows for quick and reliable cross-border money transfers.

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Michele Michele Fri Nov 01 2024
The Stellar Network stands out among other digital asset networks.

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KpopHarmony KpopHarmony Fri Nov 01 2024
Its main focus is on transactional utility.

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Davide Davide Fri Nov 01 2024
The network utilizes a digital asset called Lumens, or "XLM".

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