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📺 Useful Videos 📺
– TIMESTAMPS –
2:27 Stellar Recap
4:58 Stellar in 2019
7:20 Stellar in 2020
10:51 XLM: Why I’m Bullish
13:50 Stellar: Why I’m Bearish
⛓️ 🔗 Useful Links 🔗 ⛓️
► Stellar Network Validator Nodes: https://stellarbeat.io/nodes
► Stellar’s XLM Token Allocations: https://stellar.org/foundation/mandate
► Stellar’s Annual Meridian Event: https://meridian.stellar.org/
► Stellar Ecosystem Updates: https://github.com/stellar/stellar-protocol/blob/master/ecosystem/README.md
► Stellar Core Updates (Protocol Updates): https://github.com/stellar/stellar-protocol/tree/master/core
Stellar is a smart contract cryptocurrency that is designed for one thing: the transfer of value. This includes the transfer of tokenized assets as well as Stellar’s native Lumens token which goes by the ticker XLM.
In contrast to other crypto projects, Stellar is not trying to replace the existing financial system.Instead, it is trying to integrate with it and optimize payment channels between entities like central banks. This has led Stellar to be labelled as a ‘banker coin’ along with the likes of Ripple, from which it is forked.
📅Stellar in 2019📅
In March 2019, former Mozilla COO Denelle Dixon took the reigns at the Stellar Development Foundation as their new CEO. Shortly after, Denelle set Stellar on a new trajectory by focusing on marketing and ecosystem development which appeals to existing financial institutions and regulators.
In addition to this shift in focus, Stellar restructured its tokenomics by burning over 50% of XLM’s total supply and eliminating inflation. Since all of the tokens burned belonged to the Stellar Foundation, this did not affect the price of XLM. Instead, reallocation of Stellar’s remaining tokens led the impressive growth of the Stellar Foundation.
🗓Stellar in 2020🗓
In 2020, Stellar has been focusing on building close relationships with major financial institutions and regulators. This includes the WEF, OCC, and IMF. In addition, the Stellar Foundation implemented a series of protocol upgrades which gives institutions more control over network transactions.
Stellar also partnered with Circle to launch their USDC stablecoin, something which is seen as a seal of approval by the cryptocurrency space. Given both Circle’s and Stellar’s eagerness to work with governments on their CBDC technology, this combined partnership is incredibly significant.
🤑XLM: Why I’m Bullish🤑
Every transaction on the Stellar network is paid for using XLM. Stellar has made incredible strides in adoption since Denelle Dixon became the CEO, and every single bank, business, and government using Stellar today and tomorrow will pay fees in XLM.
Stellar’s decision to rework the tokenomics of XLM by removing inflation and burning more than half of its supply suggests that they are looking to support the value of the XLM token. This is only logical considering that the higher the XLM price, the more money the Stellar Foundation will have to play with.
😨Stellar: Why I’m Bearish😨
While Stellar is busy catering to fat cats and bureaucrats, thousands of other cryptocurrency projects are working day and night to create truly decentralized platforms that will replace the centralized cabal Stellar has aligned itself with.
It is only a matter of time before a cryptocurrency like Bitcoin or Ethereum becomes too large or too powerful to shut down. When that day comes, banker coins like Stellar may become obsolete, as they never truly served the interests of the average person to begin with.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Stellar #XLM #Crypto #USDC #stablecoin #CBDCs #xrp