What is XLM coin? Introduction to the official website, circulation and trading platform of XLM coins

XLM (Stellar Lumens), a decentralized cryptocurrency and payment protocol, empowers fast, low-cost, and inclusive cross-border transactions.

Oct 04, 2024 at 03:54 am

What is XLM Coin?

1. Introduction

XLM (Stellar Lumens) is a decentralized cryptocurrency and open-source payment protocol developed by the Stellar Development Foundation. It aims to facilitate fast, cheap, and cross-border transactions, with a focus on financial inclusion and accessibility.

2. Official Website

The official website of XLM coin is [www.stellar.org](https://www.stellar.org/). It provides comprehensive information about the project, its mission, technology, and use cases.

3. Circulation

As of October 2023, there are approximately 209 billion XLM coins in circulation, with a total supply of around 50 billion. The remaining coins are held in reserve by the Stellar Development Foundation for future distribution and development purposes.

4. Trading Platforms

XLM coins are widely traded on major cryptocurrency exchanges, including:

Binance
Coinbase
Kraken
Gemini
Binance.US

5. Key Features

Low transaction fees: Transactions on the Stellar network typically cost around 0.00001 XLM, making it ideal for micropayments.
Fast transactions: Transactions are processed in a matter of seconds, providing near-instant settlement.
Cross-border payments: XLM facilitates seamless cross-border transactions without the need for intermediaries or high fees.
Smart contract functionality: Stellar supports the creation of custom tokens and smart contracts, enabling the development of decentralized applications.

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