Altcoin News: Stellar Lumens (XLM) Says Goodbye to Rocket and Presents New Logo

March 15, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The Stellar team presents a new logo for the organization and the associated Lumens (XLM). “We say goodbye to the well-known rocket, and in its place comes an image of a planet”. But then comes very minimalist logo, you see a circle that is broken with two lines:

Stellar has big plans

If we have to believe Stellar’s blog post, the team has big plans. And that is actually the reason that the logo has been changed.

“Do you see a cartoon rocket in use at a central bank or in a press release from a national monetary authority? No, neither do we,” the makers themselves say in the message.

The logo has been kept very minimalist. In addition to a logo for the cryptocurrency, it is also intended as a currency sign at the same time. Stellar wants to compete with signs such as the dollar and the euro. According to Stellar, the logo fits perfectly in the list of other global currencies:

What is Stellar Lumens (XLM)?

Stellar Lumens (XLM) was created in 2014 by Jed McCaleb. McCaleb was also co-founder of Ripple (XRP) and was the first owner of the now bankrupt cryptocurrency exchange Mt. Gox.

Regarding cryptocurrency’s, Stellar and Ripple are both a bit of a strange duck. Where crypto coins such as Bitcoin and Litecoin expressly separate themselves from the banking sector, Stellar and Ripple seek cooperation with the established financial world. Yet Stellar is also an interesting project.

Stellar wants to make global transactions easier, and in this way wants to offer a payment solution for financial parties. The makers mainly focus on the everyday user and also focus on developing countries.

XLM is not mined, the coins are released by Stellar. In that regard, Stellar Lumens also has many similarities with Ripple.

Author: Marko Vidrih

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