Cryptocurrency Q&A
What happened to Stellar Lumens?
What happened to Stellar Lumens?
SamsungShineBrightnessRadianceGlitter
Fri Jun 14 2024
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6 answers
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Could you please elaborate on what precisely transpired with Stellar Lumens? I'm curious to know about any significant events, developments, or changes that have occurred in relation to this cryptocurrency. Has there been any notable price fluctuations? Have there been any important partnerships or collaborations announced? Additionally, what are the current prospects for Stellar Lumens in the future? I'm interested in understanding its potential growth and any challenges it may face.
6 answers
Giulia
Sun Jun 16 2024
The Lumen Supply, once subject to an inflation mechanism, underwent a significant change in October 2019. This change was brought about by a vote within the community, which marked the end of the inflationary process.
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Federica
Sun Jun 16 2024
Following this vote, November 2019 witnessed a reduction in the overall lumen supply. This reduction reflected the community's desire to stabilize and limit the amount of lumens in circulation.
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KimonoSerenity
Sun Jun 16 2024
As a result, the total number of lumens in existence today stands at approximately 50 billion. This figure represents the culmination of the community's decision to cap the supply and ensure scarcity.
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henry_miller_astronomer
Sun Jun 16 2024
Notably, no further lumens will be created, marking a departure from the previous inflationary model. This shift ensures that the lumen supply remains finite and predictable, enhancing its potential as a store of value.
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Maria
Sat Jun 15 2024
BTCC, a leading cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services tailored to the needs of the digital asset community. Among its offerings are spot trading, futures contracts, and secure wallet solutions.
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