Altcoins News

Story: Third Stellar Community Fund Winners Announced XLM Price Improves Inflationary Model Haywire

By Maheen Hernandez

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Winners of Stellar Community Fund

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Stellar Lumens (XLM) Price Increases as Bitcoin Goes Higher

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Stellar Lumens (XLM) Inflation

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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.

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There were a total of 730 eligible community voters through the nomination and final rounds.

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At the time of writing the news, Stellar Lumens (XLM) was trending at $0.047386.

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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.

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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.

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The announcement concluded, stating:  "We’re looking forward to seeing what amazing proposals and community-driven projects come out of 2020.”

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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.

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The Stellar Lumens Inflationary model did not leverage as intended, and it got removed from the system.

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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.

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Le Calvez  wrote: “Votes were tallied weekly and each inflation destination account that got voted by at least 0.

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Very few Stellar Accounts participated in this event.  For all practical reasons, the feature was disabled by the Foundation.

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