Stellar Network is thrilled to announce that they have listed their native and transaction currency Lumen XLM to KuCoin exchange platform. Immediate deposit is now available with trading pairs like XLM/BTC and XLM/ETH.
Buying XLM will be available at 19:30 (UTC+8) and Selling/Withdrawal starts at 20:00 (UTC+8). All transactions can be affected by using KuCoin’s app for iOS and Android or to their official website,
About Stellar XLM
In 2014, Stellar has been established as a by-product of Ripple because Jed McCaleb, the co-founder, had a different philosophy with the rest of the Ripple board. While Ripple is centered on giving solutions to banks, Stellar purposes to help promote payments between people. They operate comparably, but Stellar is a “bottom-up” approach while Ripple as “top-down.”
Stellar Lumens (XLM) are the token utilized by the Stellar network. The network generated 100 billion Lumens (XLM) when they have started. A transaction applying Lumens costs just 0.0001 XLM, worth a little fraction of a penny, and normally takes less than 6 seconds to be completed. The supply of Stellar Lumens increases about 1% annually.
Stellar Lumens Options
Stellar Lumens can be stored on an iOS or Android device utilizing Lobstr, plugged as “the only wallet for your Lumens.”
Stellar Lumens can also be stored on a Ledger Nano S. Ledger Nano S is the only hardware option for storage of Stellar Lumens.
This exchange news will come as little surprise to supporters of the Stellar protocol and digital currency, which has seen a marked increase in media and market attention. Whilst the 24-hour trading volume may seem low compared to trading behemoths such as Binance, the increased exposure to South Korean and Asian markets cannot be overstated. This listing could be seen as confirmation of the Stellar Development Foundation’s and partner IBM’s continued intentions, with their targeting of the South East Asian and Pacific remittance and exchange corridors.
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