Finance News

Story: Stellar Lumens (XLM) Community Seed Fund Deadline Nearing

By James Thorp

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Stellar Lumens (XLM) Snippet News

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The Stellar seed fund focuses on supporting early-stage Stellar development of long-term utilities for the ecosystem to encourage for-profit, businesses building products and…

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The applicants for the Seed Fund proposed a business model as part of their project submission.

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The submissions have been open and happening since August 31, 2020 and the submission will end on January 18, 2021.  The panel selection will be complete by March 15, 2021.

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For clarity, the goal of the Seed Fund is to help viable, innovative, first-mover businesses and utilities to kick started on Stellar.

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Also, twice a year, 5,000,000 XLM is split between 3-5 projects.  Out of the initial entries, 3-5 are chosen by a nomination panel of SDF and community members.

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Stela Mocan, World Bank Group in the past tweeted, “We’ve worked with the Stellar.Org Foundation and looked into how blockchain can help us improve traceability and visibility…

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The goodies about Stellar can be summarized as, 3-5 sec confirmation time, Support thousands of txns per sec, Send or trade any currency, asset, token, Open-source, No proof of…

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While all these are progressively happening, worthy to recollect at this time of regulatory chaos that Denelle in the past pointed to how there is a lot of “fear” about future…

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Dixon also previously mentioned that there is “a lot of fear” about the classification issue.

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