- Stellar Lumens is down by 55 percent this year
- Stellar and its big partners for 2020
- SDF releases the financing plan of the project for the next ten years
Stellar Lumens News Today – Stellar Lumens (XLM) is one of the worst performers this year in terms of price. In total, Stellar Lumens (XLM) is down by 55 percent, followed by NEM with a decrease of 48 percent, and IOTA with losses of 47 percent. Nevertheless, many innovative projects were developed on the blockchain of Stellar. These developments could change the downward performance of the digital currency next year.
Stellar’s Strategic Partnerships
Below are some of the projects that help to keep the blockchain of Stellar as a rivalry to Ethereum and other top blockchains. By next year, the development of these projects could define the course of Stellar in the long term. It could also create a transparent, open, and massively adopted environment. Some of the most important partners include the IBM Universal Payment Solution, Stellar X, Sure Remit, Tempo, and SatoshiPay.
Stellar (XLM) Price Today – XLM / USD
The partnership between IBM and Stellar Lumens has left the Stellar community in excitement and its advances could make a difference in 2020. IBM is using the blockchain of Stellar as a hub for a payment structure that offers transparency, security, and access to financial services. According to the president of IBM Blockchain – Jesse Lund – the project was created as a payment platform and it was developed on the blockchain of Stellar Lumens.
IBM uses Distributed Ledger Technology to deposit and transfer value by issuing tokens that pass through the blockchain of Stellar. According to professionals, the IBM/Stellar platform could replace the SWIFT/IBAN system.
Stellar X is a decentralized digital currency trading platform. Peer-to-Peer trading platforms allow users to get BTC with fiat money. The platform allows for the deposit, withdrawal, and conversion of funds into digital currencies or fiat currency, make deposits directly into their bank accounts or exchange tokens for their native currency.
Financing Plan of Stellar Lumens
The Stellar Development Foundation presented the financing plan of the project for the next ten years. After burning more than 50 percent of the total supply of XLM, the Stellar Development Foundation still has 30 billion XLM tokens. The Foundation plans to release three billion XLM tokens every year until 2023. After this year, the SDF will distribute the remaining 18 billion in the following years.
The Foundation will invest the majority of the funds in political efforts, promotion of ecosystem, trade relations, and technical development. At the time of writing, Stellar Lumens (XLM) is holding the 12th position on the list of top digital currencies by market cap. The digital currency is currently changing hands at $0.046 after a decrease of about two percent over the past twenty-four hours.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.