Community Trust ScoreVerified
The Stellar Lumens community feels that it should not miss the boat on GameFi and NFTfi. Just being a distributed ledger is not good at the moment. They feel the team needs to continuously adapt and grow with interest and utility in the marketplace. While others are 100x to 500x Growth, XLM does not have an impressive growth with only 10x.
Many are wondering if XLM is a good investment? There has been an overall recovery of cryptocurrency prices, and stellar has also recovered. It is normal for cryptos to rise and fall in sync with overall market sentiment in a bit.
Ripple already partnered with MoneyGram to provide On-Demand Liquidity (ODL), but the deal is on hold due to the ongoing lawsuit. There have been rumors about Stellar Lumens partnering with MoneyGram. This is still a rumor! If this materializes, the ecosystem will be more legitimized.
XLM has been around since 2014. XLM, like the XRP, focuses on transferring funds. XLM works in cooperation with IBM and Agricole. The commission for transfers is low at 0.00001 XLM. Also, the network supports smart contracts and DeFi Creation.
The focus of Stellar is to be an online representation for any kind of cryptocurrency. It goes without saying the Stellar is the competitor to Ripple in payment systems. Both these networks help in performing multi-currency transactions. Ripple is used more than Stellar, and it is very commonly used in Traditional Finance when compared to Stellar. Stellar is decentralized, but Ripple is centralized. Ripple is used in several traditional financial services, but XLM is highly volatile. Stellar is good to move money. Investors need to consider the benefits and drawbacks in comparison to other coins to see if they can get what they are expecting from XLM. Not all coins are designed for speculative benefits. Those who look for 100X and 500X profits might have to rethink.
Stellar Published: How will Stellar change the world? The Stellar Community Fund is your invitation to help figure that out. Submissions for the current round are welcome until Sunday, August 22, 2021.
For clarity, The Stellar Community Fund gives people all over the world a chance to kick start their Stellar-based projects and connect to the thriving Stellar community. You can road-test ideas, get real feedback from developers and potential users, and win funding to allow you to pursue your vision. It’s a rare opportunity to win rewards—no strings attached for dreaming big.
Over the course of several rounds each year, 12,000,000 XLM are awarded to promising projects all over the world based on input from the Stellar community.
