The Currency Analytics
By Maheen Hernandez
Winners of Stellar Community Fund
Stellar Lumens (XLM) Price Increases as Bitcoin Goes Higher
Stellar Lumens (XLM) Inflation
Every 3 months, the Stellar Community gets the opportunity to vote for their favorite project proposals. A pool of 3,000,000 Lumens gets split among winners.
There were a total of 730 eligible community voters through the nomination and final rounds.
At the time of writing the news, Stellar Lumens (XLM) was trending at $0.047386.
The winners of the Stellar Community Fund are: Paysapp - 18.1090%; Stellar Battle - 15.7051%; Litemint - 13.7821%; Public Node - 13.1410%; Blue Orion -12.
The first year of the Stellar Community Fund is coming to an end. The community has stated that they will be digging into the feedback to refine the structure.
The announcement concluded, stating: "We’re looking forward to seeing what amazing proposals and community-driven projects come out of 2020.”
The Bulls are currently in control of the cryptocurrency market. The price of the Bitcoin has support at $7,777. The value is climbing back to $8,000 despite a slight rejection.
The Stellar Lumens Inflationary model did not leverage as intended, and it got removed from the system.
The SDF adopted the circulating supply inflation model. The base supply inflation was set at 1% in the protocol. The XLM tokens were created and distributed every year.
Le Calvez wrote: “Votes were tallied weekly and each inflation destination account that got voted by at least 0.
Very few Stellar Accounts participated in this event. For all practical reasons, the feature was disabled by the Foundation.