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Stellar Lumens Issuance Price

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2024-05-09 09:36:08349browse

Stellar Lumens (XLM) was launched in 2014 at $0.002 to facilitate cross-border payments. Its issuance took place through a one-time token sale, raising $39,000,000. Prices have been volatile since the release, and are currently relatively stable at around $0.07, after experiencing an all-time high of $0.93 and a bear market low of $0.04. The issuance price is affected by factors such as cryptocurrency market sentiment, demand for cross-border payment solutions, Stellar usage and adoption, and market confidence.

Stellar Lumens Issuance Price

Stellar Lumens Issuance Price

Founded in 2014 by Jed McCaleb and Joyce Kim, Stellar Lumens (XLM) is a cryptocurrency designed for cross-border payments. Its issuance price is $0.002.

Issuance details:

  • Issuance time: July 2014
  • Initial issuance volume: 105,120,000,000 XLM
  • Issue price: $0.002

Issuance process:

Stellar Lumens are issued through one-time token sales. The token sale took place between July 17 and 21, 2014 and raised $39,000,000. The participant purchased XLM for $0.002.

Price changes after issuance:

After the initial release, Stellar’s ​​price witnessed significant fluctuations. It reached an all-time high of $0.93 in December 2017, but later fell to $0.04 during the 2018 cryptocurrency bear market.

Since then, the price of Stellar Lumens has been relatively stable, currently trading around $0.07. It remains one of the top 20 cryptocurrencies by market capitalization.

Factors affecting the issuance price:

Factors that affect the issuance price of Stellar Lumens include:

  • General sentiment in the cryptocurrency market at the time
  • Demand for cross-border payment solutions
  • Use cases and adoption of Stellar
  • Market sentiment towards Jed McCaleb and Stellar Development Foundation’s confidence

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