Altcoins News
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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