What currency is xlm coin?

XLM Coin is a high-performance cryptocurrency based on the Stellar blockchain network for cross-border payments, asset tokenization, DeFi and storage of value. Its features include: high throughput (10,000 transactions per second), low transaction fees (0.00001 XLM), globality, transparency, scalability.

XLM Coin: A high-performance blockchain asset

Cryptocurrency for blockchain networks. Stellar is a decentralized open source platform designed to facilitate fast, secure and low-cost cross-border payments.

Features:

• High performance: The Stellar blockchain can handle up to 10,000 transactions per second.
• Low Cost: XLM Coin trading fees are as low as 0.00001 XLM.
• Global: The Stellar network connects institutions and individuals around the world.
• Transparency: The Stellar blockchain is transparent and all transactions can be viewed on the block explorer.
• Scalability: Stellar blockchain achieves scalability through consensus mechanism and side chain technology.

Usage:

• Cross-border payment: XLM coins are mainly used for fast, low-cost international remittances.
• Asset Tokenization: XLM Coin can be used to create tokens that represent real-world assets such as fiat currencies or commodities.
• DeFi: The XLM coin can be used in decentralized finance (DeFi) applications such as stablecoins and lending platforms.
• Storage of Value: XLM Coin can also be used as a means of storing value.

Issuance and Distribution:

The Stellar Development Foundation (SDF) issued 105 billion XLM coins. XLM coins are distributed as follows:

• 50% for community funding
• 25% for network operations
• 20% for market development
• 5% goes to development foundation

Advantages:

• High throughput and low transaction fees
• Aimed to promote Global Payments
• Transparency and Scalability
• Extensive Use Cases

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