Stellar（ XLM）

Rank: BBB Risk: Medium-

Rating standard

AAA>AA>A

Excellent project with high value, Highly recommended

BBB>BB>B

Quality project with upper middle value, Normally recommended

CCC>CC>C

General project which have certain potential

DDD>DD>D

Low quality project with not much value, Not recommended

E

Fraud or scam project with no value, Strongly not recommended

Disclaimers

The sources of information in this report are mainly based on the market disclosure information, and the social part of data is mainly collected from projects’ English communities. Gyro Finance does not guarantee a hundred percent of the accuracy, reliability or completeness of those information. It is used as a reference only and should not be used as some kind of investment guidance or advice.

Overview

Project Name: Stellar

Established: July 19, 2013

Registered address: N/A

Official website: https://www.stellar.org/

Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost. The stellar payment network uses XLM as the base currency. Users can transfer any currency through it. It is a platform for connecting banks, payment systems and personnel, including US dollars, Euros, Chinese yuan, Japanese Yen or Bitcoin. It is simple and fast. The transaction confirmation is completed within a few seconds.

Community

The Stellar project has a number of fans all around the world. The community is moderately active, and there are many discussions related to the development and cooperation of the Stellar project. The officials not only publishes announcements and activities related information through social channels, but also uses to disclose and warm up some small progress in some projects. However, there have been no major project progress disclosures recently.

Stellar has its own block browser, but it does not open the currency address statistics function. Therefore, we are unable to know the distribution of XLM tokens. According to the transaction information we collected, trading frequency of XLM tokens is very low lately.

Token Analysis

According to the Coinmarketcap data on October 25, the current price of XLM token is $0.2356 . XLM did not conduct Initial Coin Offering.

On October 23, XLM ranks 6th in the global cryptocurrency market value, and it has been listed on 20 crypto exchanges. The transaction depth is mainly concentrated in the BCEX and Binance exchanges.

From the performance of the most recent month, the price trend of XLM is in a sideways volatility, but there has been a slight increase in recent days. At present, the circulation rate of XLM is 18.1%, which is not a large proportion. The turnover rate on that day is 1.27%. The trading volume performed poorly and the price performance was acceptable. The price trend of XLM is relatively synchronized with the total market value of cryptocurrency.

Information disclosure

From Stellar’s Github project update, the official GitHub home page shows 88 libraries. The main library protocol has 263 Watches, 1824 Stars, 77 Fork, 4289 Commits, 6 Branches, 54 Contributors, and more recently. Project code activity is not very high.

The official team from Stellar usually update the latest information about the development and events on the social channels such as Facebook and Twitter.

On September 29, the official website Twitter sent a message saying that LOBSTR is now leading the further development of StellarTerm, but did not elaborate further.

Conclusion

Stellar (XLM) is a blockchain-based distributed open source network designed for instant payment transfers. By accessing the underlying Stellar network, financial institutions, businesses and individuals around the world can achieve low-cost, secure and real-time capital transfers.

Created based on Ripple’s technical code modification, also known as Ripple 2.0, it provides fast and cheap remittance services like Ripple and is more decentralized. In terms of market demand, about 5 trillion US dollars per day flow through the SWIFT information system, and the market prospect is broad. IBM and the South Pacific, Oceania Banking Network have successfully deployed stellar networks. Deloitte built the network, completed in 4 weeks, the cost dropped 40%, completed the transaction within 5 seconds, operating Stellar’s TEMPO payment covering 40 countries, the degree of development and the degree of pain point resolution, the star’s completion is relatively high.

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