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Stellar (XLM) on WazirX

By January 18, 2019March 23rd, 20222 minute read

Namaste Tribe! Yes, we heard you, and now we introduce to you our first major release of 2019 (and more amazing releases to follow soon)! All you Stellar fans, rejoice because it’s finally listed on WazirX in our USDT Market! 🚀

XLM listing schedule for today

XLM Deposits are live. You can deposit your XLM to your WazirX account, and place buy/sell orders

We’ll announce when XLM/USDT Trading starts

XLM Trivia

Stellar Network is an open-source, and distributed financial network that connects banks, payments systems, and people. It facilitates fast and cheap cross-border money transfer using peer-to-peer network. Their mission is “to connect people to low-cost financial services to fight poverty and maximize individual potential”. Stellar’s primary competitors are Ripple and OmiseGo.

About the team: Stellar is founded by Jed McCaleb (founder of Mt. Gox and co-founder of Ripple), and backed by advisory board consisting of Patrick Collison (Stripe), Matt Mullenweg (WordPress), Naval Ravikant (AngelList), Sam Altman (Y Combinator) and more.

Lumen, a.k.a., XLM is a digital currency backed by Stellar Network. Lumens are needed for:

  1. Preventing people from overwhelming the network and to aid in prioritisation
  2. Facilitating multi-currency transactions

Read their whitepaper here.

  • Trading price (past 24 hrs): $0.107673 USD (₹7.66 INR)
  • Global Market Cap (past 24 hrs): $2.05 Billion
  • Global Trading Volume (past 24 hrs): $115.9 Million
  • All time high: $0.834536 USD (₹60.52)
  • Circulating Supply: 19,129,174,185 XLM
  • Total Supply: 104,642,624,134 XLM

Which blockchain do you want us to integrate next? Tell us in the comments below. 🙌

Priyanka works at WazirX, and is confident that 2019’s gonna be a stellar year.
*Above content is migrated from medium to wazirx blog
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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