What is Stellar Lumens used for?

Uses for Stellar Lumens (XLM) include: Transaction Fees: Pay transaction fees to prevent spam and network congestion. Cross-border remittance: Cross-border fund transfer service, fast and low-cost. Anchoring: Anchoring other assets and issuing tokens. Governance: Participate in network governance, including voting and approving proposals. Decentralized exchange: directly trade various assets. Other uses: micropayments, gaming, identity verification, charity, etc.

Use of Stellar Lumens

Stellar Lumens (XLM) is the native token of the Stellar blockchain and has the following uses:

transaction fee:

• Each transaction requires a small amount of Stellar as a transaction fee to prevent spam and network congestion.

Cross-border remittance:

• Stellar Blockchain’s fast, low-cost remittance services enable individuals and businesses to move funds across borders easily and cheaply.

Anchored:

• Stellar Lumens can be used to anchor other assets, such as fiat currencies and commodities, and issue tokens of these assets on the Stellar blockchain.

Governance:

• Stellar Lumens holders can participate in network governance through voting, including selecting verification nodes, modifying the protocol, and approving new proposals.

Decentralized Exchange:

• The Stellar Decentralized Exchange (DEX) allows users to directly trade a variety of assets, including Stellar, other cryptocurrencies, and pegged assets.

Other uses:

• Micropayments: Stellar’s ​​low transaction fees make it ideal for small payments such as tips and donations.
• Game: Stellar coins have been integrated into the game as an in-game currency and reward.
• Identity Verification: The Stellar blockchain can be used to securely store and verify digital identities, with Stellar being used for payment verification services.
• Charity: Stellar can be used to support charitable projects and provide transparency and accountability through the blockchain.

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